India is witnessing a increase in deeptech startups in area of interest areas like cybersecurity, quantum computing, AI and semiconductor, and the nation is now dwelling to greater than 3,000 such startups that raised $2.7 billion in 2021 — a 1.6 occasions development over 2020 — a brand new Nasscom report mentioned on Monday.
The nation added over 210 deeptech startups in 2021 alone, and Bengaluru and Delhi-NCR are main them within the nation, in accordance with a Nasscom-Zinnov report.
“The Indian deeptech ecosystem has additionally fortified the job creation with over 4,000 individuals being employed throughout 14 potential deeptech unicorns and is predicted to extend by 2X in headcount by 2026,” mentioned Debjani Ghosh, President, Nasscom.
The nation is now dwelling to 500 ingenious deeptech startups, creating workforce throughout applied sciences corresponding to drones, robotics, 3D printing and AI — with the potential to develop new mental properties backed by scientific advances and basic analysis.
The deeptech ecosystem has grown at a staggering charge of 53 per cent CAGR within the final 10 years, rising at par with the Indian tech startups.
Almost 70-75 per cent deeptech startups have at the least 15 per cent of their workforce expert in deep applied sciences, the report talked about.
“Strategic partnership with the federal government, academia, international traders, streamlined company collaboration and devoted test-bed programmes can create a large influence on India’s deeptech story,” mentioned Ghosh.
Though in a nascent stage in comparison with the US, Europe, Israel and China, the Indian deeptech ecosystem is increasing quick.
The trade is witnessing extra start-ups rising to unravel international mega challenges of fresh tech, zero starvation, good cities and local weather actions, the report mentioned.
In 2021, over 270 distinctive startups raised $2.7 billion throughout 319 offers, with AI and large information and analytics being the highest applied sciences elevating fairness investments.
The seed stage startups have witnessed a 2.3 occasions development in fairness investments in 2021, as in comparison with 2020, elevating a complete of $186 million funding in 2021.
Amongst verticals, provide chain administration (SCM) and logistics had been probably the most funded sectors in 2021, with deeptech startups elevating funding throughout use instances like drone supply, autonomous supply bots, chilly chain monitoring and fleet administration, the report famous.
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