Recently, Solar Square raised ₹100 crore in its Series A funding, on the back of a ₹30 crores of seeds about three months earlier. This could well be the story of a tech startup, except for the fact that it took Solar 7 years of operation to reach this milestone. This is typical of climate startups. They take time to generate enough traction to become attractive to investors. While investments in climate solutions are growing rapidly, climate startups account for less than 5% of venture capital (VC) funding in India, according to estimates, and a large part of it goes to tech startups.
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