India's DeepTech Dawn: Forging Ahead

Indian DeepTech startup landscape is expanding rapidly. Despite a sharp decline in funding in 2023, the Indian DeepTech startup ecosystem continued to see a lot of activity including new startup emergence across both established and emerging hubs, collaborations & partnerships, patents etc. Despite making significant strides, this ecosystem need more support to thrive and compete globally.

This study, Indian DeepTech Startup Landscape Report - 2023, provides readers with insights into various aspects, and highlights areas in which Indian DeepTech startups need support, thus aiding stakeholders in taking informed decisions.

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Key Findings

Cumulative global VC investments in DeepTech startups reached $590 Bn in CY 2023, with ~3X more investments in CY2021-23 as compared to those in CY2014-20

Discussion on factors that led to this sudden increase in investments in DeepTech startups globally over the past 3 years
Overview of key sectors receiving funding in DeepTech startups along with some challenges that DeepTech startups are trying to solve across them
Capturing the shift in technology focus of global DeepTech startups in the post-pandemic era

Indian DeepTech ecosystem ranks 6th globally in terms of performance and strength of its enabling or supporting ecosystem

Comparing the performance of Indian DeepTech startup ecosystem with that of 8 other leading ecosystems
Comparing the strength of Indian DeepTech startups’ enabling ecosystem with that of 8 other leading ecosystems

CY 2023 saw the number of new DeepTech startups more than double over that in CY 2022, primarily due to a sudden growth in the number of AI-backed DeepTech startups

Breaking down the number of new DeepTech startups incepted in India in 2023 by their nature (inventive vs innovative), technology focus, and location.
Detailed analysis of funding trends in the Indian DeepTech startup landscape, and a comparison of how some of these trends compare with those across the overall Indian tech startup ecosystem
Understanding the role of incubators/accelerators in supporting the Indian DeepTech startups
Unearthing the key trends across the Indian DeepTech startup landscape with respect to investor participation, M&As, and patents

Funding remains a key challenge not just for many Indian DeepTech startups, but also for some stakeholders supporting these startups

Gauging the pulse of the Indian DeepTech startup ecosystem to understand the key challenges various stakeholder categories face while operating in this space
Understanding what interventions the stakeholders in the Indian DeepTech startup ecosystem want from the government to address their challenges
5 recommendations from nasscom to the government for better supporting the Indian DeepTech startup ecosystem.

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