Start-ups on new age tech surge in India

A developing ecosystem and blast on the digital front because of Covid have extended the ‘deep technology’ segment of the Indian startup environment. Profound tech incorporates the use of emerging and trendy tech, for example, AI, AI (ML), enlarged and augmented reality, blockchain, robotics and 3D printing.

At 19%, presently almost one of every five tech new companies are utilizing profound tech answers for their organizations. The pool of deep tech solutions is extending at a five-year compounded annual growth rate (CAGR) of 41% quicker than the complete environment, a study said.

More than 2,100 start-ups embraced deep tech in their endeavors starting at 2020, up from the more than 1,600 out of 2019. Further, 14% of the all-out startup interests in 2020 were in deep tech adventures, higher than the 11% in 2019.

Up to 87% of these speculations were in AI/ML start-ups in 2020. The Nasscom and Zinnov concentrate further notes that deep tech will keep on developing at a CAGR of 40-45% in 2021.