By all accounts, deeptech investing in India is a long game. Unlike the rapid sprints of SaaS or fintech, where traction can be tracked on dashboards and customer metrics, deep tech is about belief, in physics, in people, and in time.
It’s about betting on companies that may take nearly a decade before they find commercial validation. For investors like Inflexor Ventures and Celesta Capital, that patience isn’t hesitation, it’s conviction.
“Conviction is the first currency,” said Pratip Mazumdar, co-founder and partner at Inflexor Ventures. “We are not here to give grants or charity. We deploy commercial capital, but in companies where we believe the product will achieve commercial acceptance and scale.”
Inflexor manages over ₹1,000 crore in assets and has qu