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Deeptech startup funding surges 78 pc in 2024

By news April 6, 2025 0 Comments 2 min read

The funding for deeptech startups in 2024 was higher than the funding for the entire tech industry in 2022, which was $1.1 trillion.

Increased investment in artificial intelligence and machine learning

Growing demand for sustainable and environmentally friendly technologies

Advancements in biotechnology and medical research

Rising interest in cybersecurity and data protection

Government initiatives and policies supporting deeptech development

The Deeptech Funding Boom

The funding for deeptech startups has grown exponentially, with a 78% increase in 2024 compared to 2022.

The Indian tech industry is expected to reach $1 trillion by 2025, with a growth rate of 20 per cent annually. The Indian tech startup ecosystem has experienced a remarkable resurgence in recent years, driven by a combination of factors. One of the primary drivers of this growth is the increasing adoption of digital technologies such as artificial intelligence, blockchain, and the Internet of Things (IoT). These technologies have enabled startups to develop innovative solutions that address pressing social and economic issues, such as healthcare, education, and financial inclusion.

The government’s initiatives to promote digital literacy and entrepreneurship have played a significant role in fostering a supportive ecosystem for startups.

The rise of e-commerce and digital payments has created new opportunities for startups to innovate and disrupt traditional industries.

The increasing demand for digital services has led to a surge in demand for skilled professionals, creating a talent pool that startups can tap into.

88 percent of tech startup founders reported revenue growth in 2024.

88 percent of tech startup founders reported revenue growth in 2024

75 percent of tech startup founders reported an increase in user engagement

65 percent of tech startup founders reported an increase in customer retention

55 percent of tech startup founders reported an increase in brand awareness

The Rise of Tech Startups

The tech industry has experienced a significant surge in startup activity in recent years. According to a report by CB Insights, the number of startups has increased by 50% over the past five years.