In 2024, India’s deeptech sector experienced a 78% increase in funding, reaching $1.6 billion, according to a report by Nasscom and Zinnov. Supportive government policies, advancements in generative AI, and innovations from emerging companies drove this growth. Over 480 new ventures emerged in 2023, doubling the previous year’s count, bringing the total to nearly 4,000. The top 10 funding rounds, predominantly AI-focused, accounted for $600 million of the total investments.
