Despite funding crunch, India’s deeptech start-ups has grown 2x since 2022

India is now home to more than 3,600 deeptech start-ups, with over 480 being established in CY2023, 2X higher than the number established in 2022, according to a new report by Nasscom.

Of these 480 start-ups launched in 2023, over 100 are inventive deeptech firms that have developed intellectual property or innovative solutions in new domains. Notably, 74 per cent of the deeptech start-ups established this year have concentrated on AI, a significant increase from 62 per cent in the period from 2014 to 2022.