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An IIT Madras-backed DeepTech India fund has successfully raised ₹453 Crores in its initial close, aiming for a ₹2,000 Crores corpus to propel Indian startups in AI, advanced materials, and biotechnology sectors, significantly boosting indigenous innovation.
India's spacetech sector is experiencing a significant boom, driven by government reforms and a surge in startups and funding. However, investors remain cautious due to long gestation periods, high capital needs, and regulatory uncertainties, seeking more patient capital and clearer market framework
Global semiconductor equipment giant Applied Materials is investing $5 billion in India over the next four years, significantly bolstering the nation's push to establish a robust semiconductor manufacturing ecosystem and solidify its position in the global chip supply chain.
Indian deeptech investors are calling for greater transparency and independent oversight for the Research, Development, and Innovation (RDI) Fund, raising concerns about its governance and fund deployment. This demand underscores the critical need for robust structures to foster trust in India's bur
Discovered Materials, a deep tech startup founded by IIT Madras alumni, has successfully raised $9 million in funding to advance its work on innovative materials crucial for next-generation AI semiconductor chips. This significant investment underscores the growing importance of material science in
AUM Ventures has launched a substantial Rs 750 crore (approximately $80 million) fund dedicated to fostering India's burgeoning deeptech, AI, semiconductors, and defence startup ecosystem, signalling a robust commitment to indigenous innovation.
AI is fundamentally transforming the coding landscape, enabling developers to achieve unprecedented efficiency and accelerating scientific discovery across various domains. This paradigm shift presents immense opportunities and necessitates new skill sets for India's vibrant tech ecosystem.