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India's deep-tech startups struggle with product-market fit: Investors
Business Standard
|April 04, 2025
STARTUP MAHAKUMBH 2.0: Minister urges startups to re-evaluate their purpose, true value
In a sharp critique on the Indian startup ecosystem, Union Minister of Commerce and Industry Piyush Goyal on Thursday urged startups to re-evaluate their purpose and true value, and try to rise to international prominence.
He was speaking at the inaugural ceremony of the second edition of the three-day Startup Mahakumbh here at Bharat Mandapam.
"We need to go global and think big. When we look at deep tech, there are only about 1,000 startups in the ecosystem, and it is a disturbing sign. It's upon the startups to focus either on wealth creation in the short run or rising to the international scale," Goyal said.
He said that Indian startups are more focused on food delivery apps and hyperfast logistics.
This story is from the April 04, 2025 edition of Business Standard.
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