The deeptech startup ecosystem in India has grown exponentially over the past four years, with USD 2.7 billion raised in 2021. This growth is largely due to policy initiatives such as the National Deep Tech Startup Policy (NDTSP). Deeptech technologies include Artificial Intelligence (AI), Machine Learning (ML), Natural Language Processing (NLP), blockchain, cryptocurrencies (crypto), Central Bank Digital Currencies (CBDC), Web 3, augmented reality, metaverse, and quantum computing. These technologies have the potential to yield economic benefits ranging from USD 2.6 trillion to USD 4.4 trillion annually across various industries. Despite its promise, deeptech is still in its infancy in terms of mainstream adoption. However, cumulative investments in this field are growing at an impressive pace, reflecting the significant potential that investors see in these technologies.
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