India Slowly Warms Up To Its Promising Deep Technology Startups
India has witnessed a revolution since the last decade, led by consumer-oriented companies like Amazon, Flipkart, Snapdeal, Myntra Ola.
Now the trend is to turn to new depth technology companies, because the solutions developed by advanced technologies like virtual reality, artificial intelligence and automatic learning attract the attention of investors.
Indian investors took their time to warm up to the depth of newly created technology, according to many founding starters. The highly favored trend of electronic commerce, but now novice investors actively support technology products and solutions.
Dr. Nitin Kale, co-founder and chief technology officer, and Kapil Bardeja, co-founder and director of Mumbai-based Nanosniff Technologies, began their journey in 2011 with the incubator of the Indian Institute of Technology (Bombay) A micro-cantilever and a micro-heater for various micro and nano-scale detection applications.
Bardeja said: “At that time, most investors do not understand the technology. They were not sure of the results they expect to achieve and reluctant to fund.
This year, they raised an undetermined amount of funding platform 1Crowd the crowd and its investor community, plus funds from marquee investors and government grants Department of Biotechnology (DBT) and Department of Science and Technology (DST).
NicheAI headquarters in Hyderabad was founded by engineers Soham Acharya Saurabh Arora and Venkatesh Mondi there a year and a half. They recently increased by US $ 15,000. Of IIIT-50K Hyderabad Ventures.
Acharya acknowledges that it is difficult for new companies to develop an innovative innovation in advanced technologies in India, since deep learning involves high costs of computing.
As deep learning is a futuristic concept, learning is continuous and requires a great deal of capital and time, he said. In addition, lack of trust and deep knowledge of investor technology makes fundraising harder to support the cost of technology development.
Trends are changing in India now, as investors across the spectrum are beginning to pay special attention to emerging futuristic technology companies that emerge quickly. In 2016, Sachin Bansal and Binny Bansal, founders Flipkart have invested in the creation of biotechnology based in Bangalore, Pandorum Technologies, which designs and manufactures human tissues for medical research.
In March of this year, the first technology fund VC IDG Ventures India and Axilor Ventures, launched its innovative Tech Frontier program partner with state-of-the-art new technology.