Nasscom’s Chairman Expects 10,000 DeepTech Startups In India By 2030

Ramkumar Narayanan who is the chairperson of Nasscom’s DeepTech Council and Vice President of Technology and Managing Director at VMware India, recently said that he is expecting to see 10000 deep tech startups by 2023. However, deep tech startups need a lot of patient capital as the payoff is not the same as software-as-a-service or consumer internet sectors. Meanwhile, the deep-tech Indian startup ecosystem has significantly matured as it currently boasts over 3000 startups that have grown at a 53 percent CAGR (Compound Annual Growth Rate) over the past ten years. You are asked to stick with this page and follow this article till the end for more details. Swipe down the page.

Nasscom

The growth of deep tech startups over the past decade was highlighted by the National Association of Software and Service Companies (Nasscom) in a report that shows India’s $245 billion technology sector. Ramkumar Narayanan who is the chairperson of Nasscom recently anticipated while speaking of deep-tech Indian startups that at least 10000 deep-tech companies from India should surge by 2030 and many gain international recognition in their fields. Ramkumar Narayanan was at the Future Forge event where he was being interviewed by Peerzada Abrar when he anticipated 10,000 deep-tech Indian startups by 2030. Continue reading this article and learn more.

The chairperson of Nasscom’s DeepTech Council and vice president of technology and MD at VMware India, Ramkumar Narayanan emphasized Nasscom’s ally with the government in building policies to tackle formidable challenges faced by deep-tech startups including talent acquisition, funding, regulatory obstacles, and market access. Let’s delve deep into details and fathom what challenges deep-tech firms face. Deep tech demands patient capital which is different from the quick returns expected in software-as-a-service (SaaS) and consumer internet sectors. It is estimated that 5 to 6 years are needed to tackle deep science-driven issues, sometimes it gets extended to eight years before marketable products emerge.

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Most institutional investors expect returns within three to five years, but deep-tech firms often necessitate longer periods. Speaking of the funding sources for these firms, it include government grants and institutional investors. To note, deep-tech capital investors should ensure that their limited partners are aware of the extended timeframe to expect returns in this field. In addition, the talent acquisition for deep-tech firms is distinct; for example, a biology-focused firm might need scientists or microbiology experts. The other key areas include navigating policy, market access, and regulatory frameworks.

Amzad Khan
Amzad Khan

Hey there, guys. I am Amzad Khan. I enjoy writing on topics related to my interests in gaming and technology. My work has attracted a dedicated fan base thanks to the fresh and unexpected angle I bring to each piece.