New Delhi, Aug. 12 -- Generalist venture capital funds are finally waking up to deeptech, unlocking a larger capital pool for the sector. Their entry is prompting specialist funds to move beyond early-stage bets and make growth-stage investments, helping startups bridge the gap to commercialization.

Funds like Peak XV Partners, Accel, and Elevation Capital are now increasingly focusing on deeptech. Peak XV has already made some investments in the sector this year, which are currently in stealth. Accel has signed four deals so far, ranging from aerospace to advanced manufacturing across seed, and Series A and B investments. These companies have collectively raised $63 million from Accel and other investors. The global firm's investments i...