Mint Primer: Why India needs to make inroads into deep tech

Deep Tech encompasses groundbreaking ideas rooted in science and engineering, tackling major global challenges. However, a new playbook is emerging for deep tech startups, according to a report titled ‘India’s Deep Tech Revolution’, by venture firms Speciale Invest and Oister Global. Deep tech is attracting more capital, with investors like Peak XV, Blume Ventures, and Pi Ventures betting on innovations in cell manufacturing, green hydrogen, space and manufacturing. Globally, the US leads in deep tech startups, followed by China, with India ranking among the top 10. The Indian deep tech sector ranks ninth among well-funded countries globally that include Israel, Japan, Sweden, Germany and the US.