India’s Deeptech Sector Thrives in 2023-2024 with Funding Boost and Policy Support, Founders Emphasize Ecosystem Maturity

India’s deep tech sector has experienced significant growth in 2023 and 2024, fueled by supportive policies and advancements in artificial intelligence. The surge in new ventures and funding has been a key driver of this expansion. However, founders are underscoring the importance of a mature ecosystem that ensures consistent demand and capital flow. Despite the increase in investments, challenges such as lengthy research and development cycles and the absence of a strong domestic market persist. As the sector continues to evolve, stakeholders are looking for solutions to address these obstacles and further propel India’s deeptech industry forward.

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