3 Biggest challenges that India’s Deep Tech startups are facing

India’s Deep Tech sector is flourishing, with a record number of startups emerging in 2023. A report by NASSCOM and Zinnov reveals that 480 new Deep Tech ventures were established, nearly double the number in 2022, making India the world’s third-largest Deep Tech hub.
However, this promising growth is threatened by a funding crunch. The report highlights a 77% decline in funding in 2023 compared to 2022, with the total raised dropping to $850 million.