Electric car company Ola goes public, India's startup ecosystem reaches new milestone

Last week, India’s startup ecosystem reached a new milestone as electric vehicle company Ola went public. The momentum of India’s startup scene is unstoppable, with over 100 unicorns frequently making headlines. For years, India’s venture capital landscape has been dominated by sectors such as e-commerce, fintech, and SaaS. These sectors, with their fast path to market and clear revenue models, have spawned many unicorns, further cementing India’s position as a global startup hub. However, a major shift is underway as Indian venture capitalists begin to turn their attention to the less crowded and more challenging space – deep tech.