Technology

Over 3,000 deeptech startups in India elevated $2.7 billion in 2021: Report

India is witnessing a increase in deeptech startups in market places like cybersecurity, quantum computing, AI and semiconductor, and the place is now residence to more than 3,000 these startups that raised $2.7 billion in 2021 — a 1.6 situations development in excess of 2020 — a new Nasscom report said on Monday.

The region extra about 210 deeptech startups in 2021 by yourself, and Bengaluru and Delhi-NCR are primary them in the region, according to a Nasscom-Zinnov report.

“The Indian deeptech ecosystem has also fortified the work generation with in excess of 4,000 folks staying used throughout 14 prospective deeptech unicorns and is predicted to enhance by 2X in headcount by 2026,” mentioned Debjani Ghosh, President, Nasscom.

The region is now home to 500 inventive deeptech startups, producing workforce throughout systems these as drones, robotics, 3D printing and AI — with the probable to produce new intellectual qualities backed by scientific developments and essential investigate.

The deeptech ecosystem has developed at a staggering price of 53 for each cent CAGR in the final 10 several years, growing at par with the Indian tech startups.

Almost 70-75 for every cent deeptech startups have at minimum 15 for every cent of their workforce competent in deep technologies, the report talked about.

“Strategic partnership with the authorities, academia, world wide buyers, streamlined corporate collaboration and focused take a look at-mattress programmes can build a significant effects on India’s deeptech story,” explained Ghosh.

Even though in a nascent phase when compared to the US, Europe, Israel and China, the Indian deeptech ecosystem is increasing fast.

The market is witnessing additional get started-ups rising to address world wide mega worries of clean tech, zero starvation, good metropolitan areas and local weather actions, the report said.

In 2021, over 270 exceptional startups elevated $2.7 billion across 319 offers, with AI and big facts and analytics being the major systems raising equity investments.

The seed stage startups have witnessed a 2.3 times progress in fairness investments in 2021, as as opposed to 2020, elevating a overall of $186 million funding in 2021.

Amongst verticals, offer chain management (SCM) and logistics ended up the most funded sectors in 2021, with deeptech startups boosting funding throughout use conditions like drone delivery, autonomous shipping bots, chilly chain checking and fleet administration, the report mentioned.

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