US-based Celesta Capital to double down investment in India’s deep tech

NEW DELHI: US-based deep tech venture capital investment firm said that it would double down its spend on India’s startups that could create products for markets worldwide, and expects a healthy return opportunity.

“We invest 10% to 15% in India today, and expect that to grow. In fact, we are doubling down on doing more things in India. Because we think that there is an incredible opportunity for return on capital, from companies (deep tech) that can grow,” Sriram Viswanathan, founding managing partner, Celesta Capital LLC, told ETTelecom.