Blockchain
Deep-tech startups in India: Investment insights into AI, Blockchain, and IoT Ventures
India’s deep-tech startup ecosystem is experiencing phenomenal growth, with over 3,000 startups pioneering solutions across diverse sectors. Deep tech, or deep technology, refers to innovations rooted in scientific discoveries or engineering advancements, significantly impacting agriculture, life sciences, green energy, aerospace, and other industries. These technologies build on a solid foundation of knowledge to develop groundbreaking tools for the future.
The Deep-Tech Revolution: A Force for Change
The deep-tech revolution in India is undeniable. As the world’s third-largest startup ecosystem, the nation has witnessed a remarkable surge in deep-tech ventures. In 2022, investments in these startups reached a staggering $1.8 billion, reflecting a significant 60% year-on-year increase. This growth is driven by India’s expanding talent pool, known for its skills and cost-effectiveness, and government initiatives like Startup India and Digital India, which have created a fertile ground for entrepreneurship and innovation.
However, challenges remain. Deep-tech ventures often struggle with access to long-term capital, essential for the significant research and development (R&D) needed before achieving commercial success. Regulatory ambiguity and a lack of specialized infrastructure further complicate the landscape. Overcoming these obstacles through collaborative efforts from policymakers, investors, and industry stakeholders is crucial for fostering a robust deep-tech ecosystem.
Key Deep-Tech Sectors Driving Growth
1. Artificial Intelligence (AI): Powering Progress
AI holds immense potential to transform India’s healthcare, agriculture, finance, and manufacturing sectors. Startups like Niramai leverage AI for early breast cancer detection, a significant breakthrough in a nation burdened by high cancer rates. These ventures employ cutting-edge technologies like machine learning, natural language processing, and computer vision to develop innovative solutions for real-world challenges. According to Accenture, AI could add a staggering $957 billion to India’s economy by 2035.
Investment trends in Indian AI startups are positive, with over 50% focusing on interface layer solutions. However, due diligence is paramount. Investors must carefully evaluate the founding team’s expertise, data security measures, and regulatory compliance, especially in sensitive sectors like healthcare and finance.
2. Blockchain: Revolutionizing Trust and Transparency
Blockchain technology can revolutionize various sectors in India, from supply chain management and identity management to digital voting and financial services. Indian blockchain startups explore innovative use cases like smart contracts, Decentralized Finance (DeFi), and asset tokenization. Service layers and solutions around value chain tracking, smart contracts, and digital identity dominate the Indian blockchain landscape. While the investment landscape for blockchain startups is nascent, it’s rapidly gaining momentum.
A recent report predicts a Compound Annual Growth Rate (CAGR) of 47.3% in spending on blockchain, reaching an impressive $4,348.3 million by 2025. However, investors must thoroughly understand the underlying technology and its potential applications. Scalability, regulatory clarity, and project legitimacy are vital considerations, as the blockchain space is susceptible to speculative projects and potential scams.
3. Internet of Things (IoT): Connecting the World, One Device at a Time
IoT has far-reaching applications in India, particularly in smart cities, connected infrastructure, and industrial automation. Startups like Arya.ai are developing solutions for asset tracking, predictive maintenance, and energy management, optimizing operations and resource utilization. According to industry reports, platform and network layer solutions account for over 50% of IoT offerings in India, with home automation products and energy management platforms leading the charge.
Evaluating device security, data privacy measures, and interoperability between IoT systems and platforms is crucial for investors. Given the vast number of connected devices and the sensitive nature of the data they generate, robust cybersecurity protocols and adherence to data privacy regulations are paramount. Those who can navigate these complexities and identify startups with innovative solutions, robust security, and strong interoperability stand to gain significant rewards in this rapidly growing market.
The Road Ahead: A Promising Future for Deep-Tech Investments
The future of deep-tech investments in India is undeniably promising. There is likely to be an increasing focus on deep-tech ventures that address social impact areas, such as healthcare, education, and sustainable development. Investors who can identify and support such startups early on could reap significant long-term returns and contribute to a better future for India. With the right support ecosystem, access to capital, and a forward-thinking approach, India can solidify its position as a global leader in deep-tech innovation, driving economic growth and solving critical challenges for its citizens and the world.
Source: expresscomputer.in
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With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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Helping Journalists Stay Up to Date on Industry News
These are just a few of the recent press releases that consumers and the media should know about. To be notified of releases relevant to their coverage area, journalists can set up a custom newsfeed with PR Newswire for Journalists.
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