2023 Year in Review: How money followed deeptech companies at tech’s frontier

The institutional venture capital-backed startup ecosystem in India birthed its first public listing in the deep technology space in 2023 with aerial robotics firm Ideaforge, marking the steady increase in investor interest in high-tech innovation-focused companies.

Deeptech is a term for businesses using advanced science and technology to find solutions for complicated problems across over a dozen sectors and spread across sub sectors such as space technology, electric vehicles, semiconductors, and cleantech.