Earlier quoted context omitted.
It’s interesting that this is less funding/valuation than hundreds of other random B2B Series C/D companies that may not even exist in 5 years. No point, just perspective.
Indian VC's don't really have the same appetite for deep tech as compared to America/Europe. R&D within Indian Enterprises is significantly less as compared to its peers. From what I know, its partially because of how taxation structures incentivize research as R&D tax breaks or similar don't particularly exist in India All of this makes founders more likely to move abroad where such research is more valued which mak…
I guess Eastern Europe is a bit similar (in the fact that it had a brain drain; although maybe less so since my country joined the EU), but also have a unique challenges, i.e., the EU market is fragmented and the companies need to break into a market by market.