Is it true that wealthy Indians are investing heavily in technology start-ups?

That is absolutely correct, if you go by the latest report prepared by Praxis Global Alliance. It is reported that ultra-high net worth investors in India with an average net worth of more than $30 million are expected to invested over $30 billion in Indian technology start-ups by 2025. India has around 10,000 UHNIs with combined wealth touching $700 billion by 2024. UHNIs have deep pockets and high risk appetite and have been active via family offices.