About Deep Tech sector in Bengaluru, India
The Deep Tech sector in Bengaluru, India comprises 1.45K companies, including 529 funded companies having collectively raised $3.51B in venture capital money and private equity. Out of these, 123 are Series A+ funded, and 1 has achieved unicorn status.
Deep Tech sector in Bengaluru, India has seen 41 acquisitions and 1 IPO.
This sector includes companies that are developing products based on innovative technology and scientific developments such as blockchain, AI, advanced robotics, IoT , etc.
Includes companies implementing technologies like blockchain, artificial intelligence, computer vision, robotics, nanotechnology, IoT into their products. Also includes companies providing infrastructure to develop blockchain, AI, IoT technology such as development tools, smart contracts, and sensor technology, among others. Excludes companies developing products of conventional technology (Shallow Tech) such as conventional digital platforms, conventional robotics in industrial automation, among others.
Top Deep Tech Companies in Bengaluru, India
There are 1,454 Deep Tech startups in Bengaluru, India which include Polygon, Eka Care, Spotdraft Legal, PlayShifu, Strand Life Sciences. Out of these, 529 startups are funded, with 123 having secured Series A+ funding, and 1 achieving unicorn status.
Over the past 10 years, an average of 105 new companies have been launched annually. Notably, several of these startups have been founded by alumni of BITS Pilani, IIT Bombay and IIT Kharagpur.
Here is the list of top Deep Tech startups in Bengaluru, India
1. Polygon
Developer of scalable blockchain interoperability protocols. It offers a suite of solutions, including cross-chain protocols and zero-knowledge (ZK) rollups, designed to enhance the scalability and security of blockchain networks. These protocols enable seamless asset transfer and interaction across different blockchains, improving the overall user experience. The company also provides developer tools and resources to support the creation of decentralized applications (dApps) on its platform. It fosters a vibrant developer community and offers grant programs to encourage innovation within the ecosystem.
Key facts about Polygon
- Founded Year: 2017
- Location: George Town (Cayman Islands)
- Stage: Series D
- Total Funding till date: $451M
- Investors: Peak XV Partners, Coinbase and 62 Others
- Latest Funding Round: Series D, Feb 02, 2022, $*****
- Tracxn Score: 80/100 What is this?
- Competitors Rank: 1 of 40 Competitors
2. Eka Care
Provider of AI-powered EMR, EHR, and patient engagement solutions. The solutions streamline operations and enhance patient care for doctors and hospitals. A developer platform allows for the creation of healthcare solutions using AI-enhanced tools. It provides an intelligent clinical assistant that leverages artificial intelligence to streamline medical documentation, provide patient insights, and enhance clinical decision-making through voice-enabled features and automated documentation capabilities.
Key facts about Eka Care
- Founded Year: 2020
- Location: Bengaluru (India)
- Stage: Series A
- Total Funding till date: $19.5M
- Investors: Hummingbird Ventures, PeerCapital and 32 Others
- Latest Funding Round: Series A, Feb 22, 2023, $*****
- Tracxn Score: 75/100 What is this?
- Competitors Rank: 2 of 4,807 Competitors
Provider of AI-powered contract management software. It is a contract automation and management platform that streamlines the drafting, signing, and management of contracts for businesses. The platform offers a shared space to review, redline, and finalize contracts. It provides a repository that allows users to consolidate and store contracts. Its analytics feature provides insights into the contracting process and supports the decision making process.
Key facts about Spotdraft Legal
- Founded Year: 2017
- Location: New York City (United States)
- Stage: Series B
- Total Funding till date: $105M
- Investors: Premji Invest, Angel List and 54 Others
- Latest Funding Round: Series B, Feb 12, 2025, $*****
- Tracxn Score: 73/100 What is this?
- Competitors Rank: 3 of 460 Competitors
4. PlayShifu
Provider of interactive STEM kits. Its offerings include physical-digital educational toys combining augmented reality and app-based interaction to teach STEM subjects like science, math, geography, and logic. It also offers themed kits including globes, puzzles, and modular gameboards designed for subject-specific exploration and learning. It uses AR technology, motion recognition, and mobile applications integrated with physical play components. It caters to children between ages 4 to 11, parents, and educators, with applications in home-based and supplemental learning across Android and iOS platforms.
Key facts about PlayShifu
- Founded Year: 2016
- Location: Bengaluru (India)
- Stage: Series B
- Total Funding till date: $35.8M
- Investors: Athera, Inflexor and 115 Others
- Latest Funding Round: Conventional Debt, Jul 10, 2025, $*****
- Tracxn Score: 73/100 What is this?
- Competitors Rank: 1 of 138 Competitors
Provider of omics-based solutions for clinical genomics, systems biology, and drug discovery. The company provides sequence-based diagnostics and clinical genomic data interpretation services to healthcare establishments. Also, offers solutions for integrated omics analysis, image management, systems biology modeling, and molecular modeling.
Key facts about Strand Life Sciences
- Founded Year: 2000
- Location: Bengaluru (India)
- Stage: Acquired
- Total Funding till date: $34.9M
- Investors: Biomark Capital, WestBridge Capital and 91 Others
- Latest Funding Round: Series C, Feb 07, 2018, $*****
- Tracxn Score: 73/100 What is this?
- Competitors Rank: 1 of 943 Competitors
Companies founded year-on-year in the Deep Tech sector in Bengaluru
136 Deep Tech startups in Bengaluru were founded in 2019 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | 35 |
2024 | 116 |
2023 | 123 |
2022 | 115 |
2021 | 115 |
2020 | 103 |
2019 | 136 |
2018 | 106 |
2017 | 105 |
2016 | 102 |
Stage-wise distribution of Deep Tech sector companies in Bengaluru
Out of the total 1,454 Deep Tech companies in Bengaluru, 529 have secured funding. Among them, 123 have reached Series A or higher, and 64 to Series B or beyond.
Founded - 1,454
Funded - 529
Series A+ - 123
Series B+ - 64
Series C+ - 47
Company Stage | No. of companies |
|---|---|
Founded | 1,454 |
Funded | 529 |
Series A+ | 123 |
Series B+ | 64 |
Series C+ | 47 |
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Funding Trends in the Deep Tech sector in Bengaluru
Total funding year-on-year in the Deep Tech sector in Bengaluru
The Deep Tech sector in Bengaluru saw a total funding of more than $3.22B in the last 10 years. The most amount of funding was in 2022 at more than $965M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $468M |
2024 | $393M |
2023 | $585M |
2022 | $965M |
2021 | $469M |
2020 | $126M |
2019 | $89.5M |
2018 | $76.2M |
2017 | $41.7M |
Recent Funding Rounds in Deep Tech in Bengaluru
In the year 2025, till December 2025, Deep Tech companies in Bengaluru have raised $465M in equity funding across 104 rounds.
In the same period last year (i.e. till December 2024), Deep Tech companies in Bengaluru had raised $352M across 135 rounds.
So, 2025 has seen a 32.34% rise in funding in Deep Tech companies in Bengaluru as compared to 2024.
Here are some recent, important funding rounds in Deep Tech companies in Bengaluru:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 4663 | Dec 26, 2025 | ||
Series A | 8650 | Dec 21, 2025 | and 2 more | |
Seed | 7648 | Dec 19, 2025 | ||
Series B | 5202 | Dec 16, 2025 | and 4 more | |
Seed | 9437 | Dec 10, 2025 |
Top Investors in Deep Tech in Bengaluru
Lightspeed Venture Partners is the top investor in Deep Tech companies in Bengaluru based on number of companies invested.
Here are some top investors in Deep Tech companies in Bengaluru:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Menlo Park (United States) | ||
Palo Alto (United States) | ||
Redwood City (United States) | - | |
San Diego (United States) | ||
Cambridge (United States) | - |
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M&A activity in Deep Tech sector in Bengaluru
In the year 2025, till December 2025, 6 acquisitions happened in Deep Tech sector in Bengaluru. Last year, in 2024, a total of 2 acquisitions happened in Deep Tech sector in Bengaluru.
Here are some recent, important acquisitions in Deep Tech sector in Bengaluru:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Dec 22, 2025 | ||
Business Acquisition | Dec 19, 2025 | ||
Business Acquisition | Nov 04, 2025 | ||
Business Acquisition | Aug 27, 2025 | ||
Business Acquisition | Apr 30, 2025 |
Acquisition trends in Deep Tech sector in Bengaluru
Here are the acquisition trends in Deep Tech sector in Bengaluru:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 6 |
2024 | 2 |
2023 | 5 |
2022 | 7 |
2021 | 6 |
2020 | 1 |
2019 | 6 |
2018 | 1 |
2017 | 1 |
IPOs in Deep Tech in Bengaluru
In the year 2000, till January 2000, 1 IPO happened in Deep Tech sector in Bengaluru.
Here are some recent, important IPOs in Deep Tech sector in Bengaluru:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jan 07, 2000 | Taiwan Stock Exchange (TPE) |
Colleges which produce the most Deep Tech companies in Bengaluru
Companies founded by alumni from top colleges in the Deep Tech in Bengaluru
Most number of Deep Tech startups in Bengaluru have been founded by alumni from BITS Pilani, IIT Bombay and IIT Kharagpur.
College | No. of companies |
|---|---|
BITS Pilani | 65 |
IIT Bombay | 53 |
IIT Kharagpur | 46 |
IIT Kanpur | 34 |
IIT Delhi | 33 |
IIT Madras | 26 |
IIM Bangalore | 21 |
IIT Roorkee | 19 |
Indian Institute of Science | 17 |
IIM Calcutta | 16 |
Total funding in Deep Tech companies founded by alumni from top colleges in Bengaluru
In the last 10 years, BITS Pilani graduates' Deep Tech companies in Bengaluru have raised the most funding among top colleges. IESE Business School alumni are second, and IIT Delhi alumni are third.
College | Total Funding |
|---|---|
BITS Pilani | $504M |
IESE Business School | $451M |
IIT Delhi | $417M |
IIT Bombay | $388M |
IIT Madras | $316M |
Stanford University | $258M |
IIT Kharagpur | $258M |
Carnegie Mellon University | $212M |
IIT Roorkee | $190M |
University of California (Los Angeles) | $187M |
Top News in Deep Tech in Bengaluru
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Speciale Invest floats Rs 1,400 Cr fund to back deep-tech startupsEntrackr•Dec 18, 2025•Speciale Invest, Digantara
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Early investors pile into Q-commerce, AI despite risks: RTP Global’s Nishit GargLivemint•Aug 24, 2025•Kluisz, Trupeer, RTP Global
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Bigbasket expands its EV-first delivery network across 50 citiesStoryboard18•Aug 06, 2025•Bigbasket, Kazam
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Asteria Aerospace demonstrates India’s first micro categoryAsteria Aerospace•Jul 22, 2025•Asteria Aerospace
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Spheron Taps Wire Blockchain to Bridge Compute Power and Interoperability for AI Apps
Blockchainreporter•Jul 17, 2025•Spheron, Blockchain
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C5i Launches AI Impact Model to Optimize ROI from Enterprise AI InvestmentsPR Newswire•Jun 19, 2025•C5i
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Polygon's Sandeep Nailwal discusses rebuilding Polygon after dismantling the boardMoneycontrol•Jun 16, 2025•Polygon
