Understanding investment thesis for hardware in Indian startup ecosystem

Hardware is hitting a sweet spot in today's tech landscape. Costs have dipped with the China+1 strategy and manufacturing advancements, allowing for rapid iteration and growth.

At the same time, the cost has not declined to a point where there are zero barriers to entry or an influx of investor capital.

Over the past decade, the expenses associated with designing, prototyping, manufacturing, and expanding hardware have plummeted—thanks to streamlined processes from design to deployment.

Think of it like the diverse software stacks (JAM, LAMP, MEAN) that fuel software development. Now, there's a similar stack for hardware, making innovation more accessible than ever.