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INDIA IS A TOP 10 DEEP TECH MARKET BUT FACES A MAJOR FUNDING GAP, SAYS A REPORT
The Business Guardian
|December 20, 2024
India has emerged as a top 10 global region for deep tech funding but faces a significant gap compared to leading nations.
India has emerged as one of the top ten regions in the world for funding deep technology startups. However, the gap in funding between India and other leading nations remains significant, highlighted a report by Speciale Invest and Oister Global.
The report stated that while Indian startups received USD 3.4 billion in funding between 2016 and 2023, their counterparts in China secured 12 times more (USD 37.6 billion), and those in the United Kingdom received four times as much (USD 13.4 billion).
This story is from the December 20, 2024 edition of The Business Guardian.
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