- India's deeptech sector has attracted nearly $11.4 billion in cumulative private equity and venture capital investments between 2015 and 2026 year-to-date, according to the Bharat DeepTech Report 2026 released by the Indian Venture and Alternate Capital Association (IVCA).
- 2025 emerged as the strongest year on record for deeptech investments, despite a broader slowdown in startup funding, as reported by IVCA.
- Investment activity in the deeptech sector has sharply increased since 2016, reflecting a global shift towards deep technologies.
- Bengaluru remains the leading deeptech investment hub, accounting for around half of all deals and funding over the past decade.
- Emerging centres such as Ahmedabad, Kochi, and Kolkata are beginning to attract greater deeptech activity.
- AI and generative AI, along with electric vehicles and battery technologies, accounted for a significant share of capital deployed in the sector.
India's deeptech sector has garnered nearly $11.4 billion in private equity and venture capital from 2015 to 2026, with 2025 emerging as the strongest year on record, according to the Bharat DeepTech Report 2026 by the Indian Venture and Alternate Capital Association (IVCA).12
The report highlights a significant increase in investment activity since 2016, even as the broader startup ecosystem faced a slowdown. Key areas of investment include artificial intelligence (AI), generative AI, electric vehicles (EVs), and battery technologies, which accounted for a substantial share of capital deployed. IVCA President Rajat Tandon emphasized the need for 'capital that is patient, appropriately structured, and available across the entire growth journey.'36
Geographically, Bengaluru remains the leading hub, accounting for around half of all deals and funding over the past decade. However, emerging centers like Ahmedabad, Kochi, and Kolkata are beginning to attract more deeptech activity. The report also pointed out a persistent funding gap at the growth stage, with investor participation declining sharply beyond the seed stage. Tandon noted that addressing the Series B/C gap and improving exit opportunities are crucial for building globally competitive deeptech companies.45
Overall, the IVCA report indicates a promising trajectory for India's deeptech sector, with rising institutional participation and a shift towards more investible commitments.
“The IVCA report highlights that AI, generative AI, and electric vehicle technologies accounted for a significant share of the capital deployed. Additionally, Bengaluru remains the leading investment hub, but cities like Ahmedabad, Kochi, and Kolkata are increasingly attracting deeptech activity.”
Communications Today
Ahmedabad Mirror
