About Deep Tech sector in India
The Deep Tech sector in India comprises 9.58K companies, including 1.91K funded companies having collectively raised $12.9B in venture capital money and private equity. Out of these, 397 are Series A+ funded, and 8 have achieved unicorn status.
Deep Tech sector in India has seen 109 acquisitions and 50 IPOs.
This sector includes companies that are developing products based on innovative technology and scientific developments such as blockchain, AI, advanced robotics, IoT , etc.
Deep Tech sector is also known as DeepTech, Deep-Tech, Digital Deep or Deep Technology Solutions.
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 India
There are 9,583 Deep Tech startups in India which include TrueFan AI, Newspace Research and Technologies, Sarvam, Lohum, Winjit. Out of these, 1,906 startups are funded, with 397 having secured Series A+ funding, and 8 achieving unicorn status.
2026 has seen the creation of 483 Deep Tech startups in India. Over the past 10 years, an average of 622 new companies have been launched annually. Notably, several of these startups have been founded by alumni of BITS Pilani, IIT Bombay and IIT Delhi.
Here is the list of top Deep Tech startups in India
1. TrueFan AI
Provider of AI video platform for enterprise marketing and content creation. It offers solutions for creating scalable, personalised video content. The platform supports multiple languages from a single recording. It provides AI video solutions for enterprises, plugging into existing workflows.
Key facts about TrueFan AI
- Founded Year: 2020
- Location: Gurugram (India)
- Stage: Series A
- Total Funding till date: $21.1M
- Investors: Z3Partners, Mayfield and 30 Others
- Latest Funding Round: Series A, Jun 04, 2026, $*****
- Tracxn Score: 78/100 What is this?
- Competitors Rank: 4 of 6,798 Competitors
Manufacturer of uncrewed aerial systems for military and civilian applications. These systems include hybrid multi-rotor aircraft, tethered electric platforms, and loitering munitions. The technology incorporates intelligent mesh networks and autonomous ground interdiction capabilities. These platforms support parallel task execution and dynamic retasking for various operational requirements.
Key facts about Newspace Research and Technologies
- Founded Year: 2018
- Location: Bengaluru (India)
- Stage: Series B
- Total Funding till date: $73.2M
- Investors: Hda Tech Growth, QRG Investments and Holdings and 100 Others
- Latest Funding Round: Series B, Aug 01, 2024, $*****
- Tracxn Score: 77/100 What is this?
3. Sarvam
Developer of a full-stack generative AI platform designed to build sovereign AI ecosystems for enterprises and governments. The platform provides sovereign models that understand cultural and linguistic diversity, enabling the creation of AI agents and applications tailored for specific needs. It offers infrastructure for serving models efficiently, including voice agents, speech-to-text, text-to-speech, and document digitisation capabilities. The technology supports enterprise workflows through secure, scalable, and compliant deployment options, allowing organizations to integrate advanced language processing into their products and services.
Key facts about Sarvam
- Founded Year: 2023
- Location: Bengaluru (India)
- Stage: Series B
- Total Funding till date: $387M
- Investors: Lightspeed Venture Partners, Avvanti Advisors and 31 Others
- Latest Funding Round: Series B, Aug 04, 2026, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 4 of 346 Competitors
4. Lohum
Sustainable critical minerals and advanced materials producer. It is focused on strengthening global supply chains through innovative recycling, refining, and resource recovery technologies. Supporting the energy transition, advanced electronics, healthcare, aerospace, and industrial sectors, the organization delivers high-purity materials including lithium, nickel, cobalt, copper, zinc, silicon, rare earth elements, and platinum group metals. It helps businesses achieve regulatory compliance, material traceability, and circular economy goals. Through advanced recovery processes, digital transparency systems, and a commitment to sustainability, the organization is driving resource independence, reducing waste, and creating a reliable supply of critical materials for a net-zero future.
Key facts about Lohum
- Founded Year: 2018
- Location: Noida (India)
- Stage: Series C
- Total Funding till date: $135M
- Investors: Baring Private Equity Partners, Cactus Venture Partners and 132 Others
- Latest Funding Round: Series C, Jul 28, 2026, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 1 of 89 Competitors
5. Winjit
Provider of artificial intelligence, machine learning, and digital transformation solutions. The company delivers services including cybersecurity, design, and global capability centers. It serves industries such as banking, financial technology, insurance, and emerging technology startups. The company also provides platforms for internet of things and predictive analysis.
Key facts about Winjit
- Founded Year: 2004
- Location: Nashik (India)
- Stage: Seed
- Total Funding till date: $2.92M
- Investors: RIB Software, MTWO and 25 Others
- Latest Funding Round: Seed, Apr 13, 2020, $*****
- Tracxn Score: 75/100 What is this?
- Competitors Rank: 1 of 656 Competitors
Companies founded year-on-year in the Deep Tech sector in India
483 new startups have been founded so far in 2026 in the Deep Tech sector in India. 718 Deep Tech startups in India were founded in 2021 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 483 |
2025 | 711 |
2024 | 670 |
2023 | 699 |
2022 | 692 |
2021 | 718 |
2020 | 610 |
2019 | 627 |
2018 | 559 |
2017 | 456 |
Stage-wise distribution of Deep Tech sector companies in India
Out of the total 9,583 Deep Tech companies in India, 1,906 have secured funding. Among them, 397 have reached Series A or higher, and 224 to Series B or beyond.
Founded - 9,583
Funded - 1,906
Series A+ - 397
Series B+ - 224
Series C+ - 184
Company Stage | No. of companies |
|---|---|
Founded | 9,583 |
Funded | 1,906 |
Series A+ | 397 |
Series B+ | 224 |
Series C+ | 184 |
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Funding Trends in the Deep Tech sector in India
Total funding year-on-year in the Deep Tech sector in India
The Deep Tech sector in India saw a total funding of more than $11.7B in the last 10 years. The most amount of funding has been in 2026 at more than $2.76B till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $2.76B |
2025 | $2B |
2024 | $1.97B |
2023 | $1.04B |
2022 | $1.55B |
2021 | $907M |
2020 | $354M |
2019 | $424M |
2018 | $537M |
2017 | $132M |
Recent Funding Rounds in Deep Tech in India
In the year 2026, till October 2026, Deep Tech companies in India have raised $2.61B in equity funding across 233 rounds.
In the same period last year (i.e. till October 2025), Deep Tech companies in India had raised $1.34B across 396 rounds.
So, 2026 has seen a 94.99% rise in funding in Deep Tech companies in India as compared to 2025.
Here are some recent, important funding rounds in Deep Tech companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 9943 | Oct 30, 2026 | ||
Seed | 4968 | Oct 29, 2026 | ||
Seed | 7625 | Oct 28, 2026 | ||
Series B | 8066 | Oct 27, 2026 | ||
Seed | 8537 | Oct 26, 2026 |
Top Investors in Deep Tech in India
Lightspeed Venture Partners is the top investor in Deep Tech companies in India based on number of companies invested.
Here are some top investors in Deep Tech companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Menlo Park (United States) | ||
New York City (United States) | ||
Palo Alto (United States) | ||
Redwood City (United States) | ||
Cambridge (United States) |
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M&A activity in Deep Tech sector in India
In the year 2026, till October 2026, 12 acquisitions happened in Deep Tech sector in India. Last year, in 2025, a total of 17 acquisitions happened in Deep Tech sector in India.
Here are some recent, important acquisitions in Deep Tech sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Oct 27, 2026 | ||
Business Acquisition | Oct 26, 2026 | ||
Business Acquisition | Aug 24, 2026 | ||
Business Acquisition | Jul 09, 2026 | ||
Business Acquisition | Jun 2026 |
Acquisition trends in Deep Tech sector in India
Here are the acquisition trends in Deep Tech sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 12 |
2025 | 17 |
2024 | 7 |
2023 | 15 |
2022 | 12 |
2021 | 13 |
2020 | 3 |
2019 | 12 |
2018 | 6 |
2017 | 2 |
IPOs in Deep Tech in India
In the year 2026, till October 2026, 5 IPOs happened in Deep Tech sector in India.
Here are some recent, important IPOs in Deep Tech sector in India:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Oct 23, 2026 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Sep 28, 2026 | Bombay Stock Exchange (BSE) | |
Aug 17, 2026 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Aug 11, 2026 | Bombay Stock Exchange (BSE) | |
Jul 15, 2026 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) |
Colleges which produce the most Deep Tech companies in India
Companies founded by alumni from top colleges in the Deep Tech in India
Most number of Deep Tech startups in India have been founded by alumni from BITS Pilani, IIT Bombay and IIT Delhi.
College | No. of companies |
|---|---|
BITS Pilani | 160 |
IIT Bombay | 143 |
IIT Delhi | 130 |
IIT Kharagpur | 112 |
IIT Kanpur | 100 |
IIT Madras | 87 |
Indian School of Business | 56 |
Anna University | 47 |
IIT Roorkee | 46 |
IIM Ahmedabad | 35 |
Total funding in Deep Tech companies founded by alumni from top colleges in India
In the last 10 years, IIT Bombay graduates' Deep Tech companies in India have raised the most funding among top colleges. BITS Pilani alumni are second, and IIT Delhi alumni are third.
College | Total Funding |
|---|---|
IIT Bombay | $1.54B |
BITS Pilani | $1.08B |
IIT Delhi | $965M |
Stanford University | $870M |
IIT Kharagpur | $791M |
IIT Madras | $654M |
IIT Kanpur | $553M |
Carnegie Mellon University | $495M |
ETH Zurich | $411M |
Columbia University | $382M |
Top News in Deep Tech in India
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ANSCER Robotics Secures FCC Conditional Approval for Autonomous Mobile RobotsRoboticstomorrow•Sep 19, 2026•ANSCER
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Manipal Hospitals, Sarla Aviation, Aeromed partner for air ambulance servicesThe Tribune•Aug 31, 2026•Manipal Hospitals, Sarla Aviation
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BitFlow Launches Axion 1xE-DS9T Frame Grabber for Space-Constrained Machine Vision SystemsRoboticstomorrow•Jul 17, 2026•BitFlow, Advantech
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Reliance Subsidiary Strand Life Sciences Patents Blood Test for Early Cancer DetectionUdaipur Kiran•Jul 07, 2026•Strand Life Sciences
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