Deeptech surge in 2023: India sees 480 new startups but faces funding struggles

If said preceding year 2023 was a year of deeptech startups, it would certainly not be wrong! There was a significant surge in the deeptech startups in 2023 as we witnessed 480 new ventures emerging into the market, making India the third largest pool globally, a report titled ‘India’s DeepTech Dawn’ by nasscom and Zinniv said. It further highlighted the worrying trend of a funding winter, posing a major challenge for such startups.