India’s deeptech sector experienced a substantial boost in 2023 and 2024, marked by a surge in new startups and funding, propelled by favorable government policies and advancements in artificial intelligence (AI). The increased investments have been a key driving force behind this growth, yet industry founders stress the importance of cultivating a more mature ecosystem that can sustain demand and provide consistent access to capital. However, they also point out obstacles such as lengthy research and development (R&D) cycles and the absence of a well-established domestic market. As the sector continues to expand, addressing these challenges will be crucial for its long-term success and competitiveness in the global tech landscape.
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India’s Deeptech Sector Thrives in 2023-2024: Surge in Ventures and Funding Amid Policy Support and AI Progress
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