India now has 3600 deep tech startups, ranking 6th globally

India’s technological landscape is rapidly evolving, and a recent report by Nasscom highlights a significant milestone: India now ranks sixth among the top nine deep tech ecosystems globally. With 3,600 deep tech startups, the country is making waves in sectors like AI, health tech, and space tech. Last year alone, these startups secured $850 million in funding, showcasing their growing influence and potential.

What is Deeptech?

Deeptech, short for deep technology, refers to startups that develop cutting-edge solutions based on scientific discoveries or engineering innovations. Unlike traditional tech companies, deep tech firms focus on solving complex problems through advanced technologies like artificial intelligence, quantum computing, and next-generation robotics. These startups often create intellectual property and innovative products that have the potential to disrupt entire industries.

India’s Deeptech Ecosystem: Current Status

India’s deep tech ecosystem is thriving. According to Nasscom, there are currently 3,600 deep tech startups in the country. In 2023, these startups attracted $850 million in funding, reflecting investor confidence and the sector’s potential for growth. This vibrant ecosystem is characterized by a diverse range of companies working on transformative technologies.

Growth in 2023

The growth of deep tech startups in India has been remarkable. In 2023 alone, over 480 new deep-tech startups were established, doubling the number from the previous year. This surge indicates a robust entrepreneurial spirit and a conducive environment for innovation. Among these new startups, more than 100 are inventive deep tech firms that have developed unique solutions and intellectual property.

Focus on Artificial Intelligence

Artificial intelligence (AI) has emerged as a dominant focus area within India’s deep tech ecosystem. Notably, 74% of the deep-tech startups established in 2023 are concentrating on AI, a significant increase from the 62% recorded between 2014 and 2022. This trend underscores AI’s critical role in driving innovation and solving complex problems across various sectors.

Notable Deeptech Startups in India

Several deep tech startups are making significant strides in their respective fields. Companies like Agnikul, GalaxyEye, HealthPlix, Sarvam AI, and Peptris are leading the way with their innovative solutions.

  • Agnikul is revolutionizing space tech with its customizable and affordable rocket launch services.
  • GalaxyEye focuses on advanced imaging solutions that have applications in defense and security.
  • HealthPlix is leveraging AI to transform healthcare delivery and patient management.
  • Sarvam AI develops cutting-edge AI solutions for diverse industries.
  • Peptris is at the forefront of biotechnological advancements aimed at sustainability and health.

Sectors Impacted by Deeptech

Deeptech startups in India are making an impact across various sectors:

  • Healthtech: Innovations in AI and biotechnology are enhancing patient care, diagnostics, and treatment.
  • Sustainability: Deeptech solutions are addressing environmental challenges through renewable energy, waste management, and sustainable agriculture.
  • AI and Space-Tech: AI applications are transforming industries like education, entertainment, and commerce, while advancements in space-tech are opening new frontiers for exploration and communication.

Expert Insights

Industry experts emphasize the potential of India’s deep tech ecosystem. Jeyandran Venugopal, Chair of the Nasscom DeepTech Council, highlights the convergence of technologies like AI, quantum computing, and next-gen robotics across various domains. He believes that India’s strong STEM talent base positions it well for a technology-led societal transition.

Kritika Murugesan, Head of Nasscom DeepTech, points out that to climb higher in global rankings, India needs to focus on access to patient capital, strong R&D partnerships with academia, and the implementation of supportive deep tech policies.

Challenges in the Deeptech Ecosystem

Despite the impressive growth, India’s deep tech ecosystem faces several challenges:

  • Need for Patient Capital: Deeptech startups require long-term investment to develop and commercialize their innovative solutions.
  • Importance of R&D Partnerships: Collaborations with academic institutions are crucial for driving research and development.
  • Implementation of Deeptech Policies: Effective policies are needed to foster growth and support startups.

Government and Policy Support

The Indian government has recognized the importance of deep tech and introduced several policies to support this sector. However, there is a need for more comprehensive and targeted policies to address the unique challenges faced by deep tech startups. The implementation of the deep tech policy proposed in 2023 is a step in the right direction, but continuous efforts are required to create a supportive ecosystem.

Role of Academia and Research

Academic institutions play a vital role in the deep tech ecosystem. Collaborations between startups and universities drive innovation and facilitate the development of cutting-edge technologies. These partnerships also help in nurturing talent and providing startups with access to state-of-the-art research facilities and expertise.

Investment Trends

Investment in India’s deep tech sector has been robust, with significant funding flowing into startups. Key investors, including venture capital firms and corporate investors, are showing increasing interest in deep tech ventures. The trend suggests a growing recognition of the potential returns and societal impact of investing in deep tech.

Future Prospects

The future of India’s deep tech ecosystem looks promising. Experts predict continued growth and innovation over the next five years. With the right support and policies in place, India has the potential to climb higher in the global deep tech rankings and become a leading hub for technological innovation.

Case Studies

Several Indian deep tech startups have achieved notable success, providing valuable lessons for others in the ecosystem.

  • Agnikul: This startup’s customizable rocket launch services have garnered attention and funding, highlighting the potential of space-tech innovations.
  • HealthPlix: By leveraging AI to improve healthcare delivery, HealthPlix has demonstrated the transformative power of technology in health tech.
  • Peptris: Focused on sustainability, Peptris has developed biotechnological solutions that address critical environmental issues.


India’s deep tech ecosystem is on a remarkable trajectory, with significant growth and innovation. The country’s strong STEM talent base, coupled with increasing investor interest and supportive policies, positions it well for future success. As deeptech continues to evolve, India’s role in the global technology landscape is set to expand, driving societal and economic transformation.

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