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Avaana's Anjali Bansal: Deeptech Must Scale from IP to Industrial Power
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CNBC TV18•03-10-2026, 21:05
Avaana's Anjali Bansal: Deeptech Must Scale from IP to Industrial Power
- •Anjali Bansal of Avaana Capital emphasizes the need for Indian deeptech to convert proprietary IP into industrial-scale solutions for global markets, citing Skyroot and Agnikul as examples.
- •India's deeptech ecosystem shows potential with companies like Skyroot, which launched India's first privately developed rocket, and Agnikul, with its globally differentiated propulsion technology.
- •Bansal identifies six high-potential areas for deeptech: energy, advanced manufacturing, semiconductors, biotech, space/defense, and AI applied to the physical economy.
- •Avaana evaluates AI companies based on their ability to solve important problems more effectively, highlighting companies like Enlite, AmpereHour, Intello Labs, and Dreamfly Innovations.
- •Bansal stresses the importance of a full-spectrum capital architecture, including grants, venture capital, growth equity, and schemes like the ‘1 lakh crore RDI Scheme, to support deeptech's longer gestation periods and scale-up challenges.
Key Questions Answered
Anjali Bansal identified six high-potential areas: energy and power systems, advanced manufacturing and supply chains, semiconductors and electronics, biotechnology and advanced materials, space and defence, and AI applied to the physical economy.
Avaana evaluates AI companies through the standard lens of a technology business by asking whether the technology solves an important problem materially better, faster, or more efficiently, while maintaining strong defensibility and durable competitive advantages.
Anjali Bansal cited SEDEMAC's initial public offering as a definitive proof point of an Indian deeptech company translating proprietary technology, commercial scale, and sustained execution into public market liquidity.
