Buyers have largely been risk-averse in the case of deep-funding biotech startups which have the potential to show into billion-dollar entities. Why are they shying away from this area?
Are Indian biotechnology startups undervalued?
There are about 5,000 biotech firms within the nation, of which greater than 4,000 are startups. Whereas Bengaluru-based Biocon Biologics and Syngene are valued at $1 billion or extra – recognized in startup trade parlance as unicorns – different biotech startups have but to get there.
Lately, seven deep-tech startups on the Centre for Mobile and Molecular Platforms (C-CAMP) in Bengaluru raised about $70
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