Rise of the Titans – Is Deep-Tech the Future?

India’s growing population and the pace of economic growth presents a significant opportunity for deeptech startups as they will have a large addressable market.

The government is investing heavily in developing the country's infrastructure and supporting startup companies. The government has set up several initiatives like Make in India, Startup India & Digital India, all geared towards making India more attractive for businesses.

In addition to this, the government has also invested heavily in developing the country's deeptech infrastructure. For example, they have set up numerous incubators and accelerators across the country which provide funding and mentorship for startups.

One of the reasons why India is such a hotbed for deep-tech innovation is because the country has a large pool of talent to draw from. Indian students have long been known for their excellence in STEM fields, and this has translated into a burgeoning deep-tech sector.

There are also many successful deep-tech startups that have already emerged from India proving that it is possible to build a successful business in this space.

Let's look at a few emerging sub-sectors:

1/ SpaceTech: Exploring new orbits of growth, Indian space-tech startups are cashing in on the success & expanding interest in the private space sector, with a market opportunity of $28B to tap on by 2025.

Notable startups: Agnikul, Pixxel, Digantara

2/ AI & ML: $7.8 Bn opportunities in the startups space of these emerging technologies are ready to be tapped by the year 2025. These emerging technologies have been the pillars on which future business ecosystems are being built.

Notable startups: Blaize, Samya, Skit

3/ Blockchain: With the Indian deeptech ecosystem coming of age, blockchain startups in this space are eying an opportunity of $4.3 Bn. Adoption of blockchain technology across domains is fuelling this growth.

Notable startups: Polygon, Dapp, 5ire

4/ Drones & UAVs: The need for upgrading surveillance capabilities across its large borders has been the primary force behind the growing Drones & UAVs opportunity in India that is eying a growth of $1.35 Bn by 2025.

Notable startups: IdeaForge, Garuda aerospace, TechEagle

India is emerging as a leading player in the global deep-tech space. Thanks to its large pool of talent and ample government support, the country offers a tremendous opportunity for companies looking to develop new and innovative technologies.

Which sub-sector would you bet on?