GENERAL7 Sept 2026
No irrational valuation rush in deeptech, says Piper Serica Director
Indian deeptech startups are not seeing an irrational valuation rush, says Ajay Modi, Director at Piper Serica. Global capital is entering slowly, and founders have built real technology with early commercialisation. This matters for investors eyeing valuation corrections after deals like Unacademy's. Current deeptech valuations seem grounded, though Modi warns another irrational cycle may come when global funding reopens.
Key Statutory Highlights
- Ajay Modi, Director at investment firm Piper Serica, said India's deeptech startup ecosystem is not showing valuation irrationality or a funding frenzy.
- Piper Serica's new Bharat Tech Fund has already raised about Rs 400 crore against a Rs 600 crore target with a Rs 200 crore greenshoe option.
- Modi cautioned that another cycle of irrational valuations may emerge in a few years as companies scale up and global funding taps reopen.
Actionable Advice for Taxpayers / Founders:If you are considering deeptech investments, focus on founders with real technology and early commercialisation, but stay cautious because another valuation cycle could arrive later.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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