Bharat Innovation Fund (BIF), an early-stage venture capital firm focused on deeptech startups in India, has said that it expects investment in this sector to increase in the coming years.

BIF Managing Partner Ashwin Raguraman said that the rise of deeptech startups in India is being driven by a number of factors, including:

  • The increasing availability of data and computing power, which is enabling startups to develop innovative solutions to complex problems.
  • The growing demand for deeptech solutions from businesses and consumers.
  • The government’s support for the deeptech sector, through initiatives such as the National Artificial Intelligence (AI) Strategy and the Startup India program.

Raguraman said that BIF is well-positioned to capitalize on the growth of the deeptech sector in India. The firm has a strong track record of investing in and supporting deeptech startups, and it has a deep understanding of the Indian market.

BIF has so far invested in over 20 deeptech startups, including CreditVidya, Setu, and Entropik. The firm has a corpus of $100 million, and it is looking to invest in more deeptech startups in the coming years.

Raguraman said that BIF is looking for deeptech startups that are solving real-world problems and that have the potential to scale up. The firm is also looking for startups that have a strong team with a proven track record.

“We are excited about the potential of the deeptech sector in India,” Raguraman said. “We believe that India has the talent and the resources to become a global leader in deeptech.”

Here are some of the key trends that are driving investment in India’s deep tech startups:

  • The rise of artificial intelligence (AI): AI is being used to solve a wide range of problems in a variety of industries, from healthcare to manufacturing.
  • The growth of the internet of things (IoT): The IoT is connecting billions of devices, which is creating a wealth of data that can be used to develop new deeptech solutions.
  • The development of new materials: New materials, such as graphene and quantum dots, are enabling the development of new deeptech products and applications.
  • The rise of quantum computing: Quantum computing has the potential to revolutionize a number of industries, from finance to healthcare.

These trends are creating a number of opportunities for deeptech startups in India. Startups in this sector have the potential to develop innovative solutions that can address some of the world’s most pressing problems. They also have the potential to create new jobs and boost the Indian economy.

If you are interested in starting a deeptech startup in India, there are a number of resources available to help you. The government of India offers a number of programs and initiatives to support deeptech startups, such as the Startup India program. There are also a number of private sector organizations that provide support to deeptech startups, such as the Indian Angel Network and the NASSCOM Deeptech Startup Platform.

The future of deeptech in India looks bright. The sector is poised for growth, and there are a number of opportunities for startups. If you are looking to make a difference in the world, starting a deeptech startup in India could be the perfect way to do it.