India has unveiled a $25 billion deep‑tech fund aimed at curbing dependence on foreign technology. President Rajat Tandon of the Indian Venture and Alternate Capital Association said the pool will merge government, private‑equity and venture‑capital capital.
The IVCA‑Venture Intelligence Bharat DeepTech Report 2026 records $11.4 billion invested in 957 deep‑tech deals since 2015. Annual funding grew from $91 million in 2015 to $3 billion in 2025, with 189 deals that year.
India ranks fifth behind the United States, China, Germany, and Japan, with deep‑tech investment a third of the US level. The report notes India’s funding is close to Germany’s but still substantially lower than the US and China.
Sector‑specific flows reveal AI and generative‑AI companies attracted $2.88 billion, while electric‑vehicle and battery tech each drew $1.5 billion. Biotechnology and life‑sciences raised $850 million; robotics and automation secured $780 million.
Bengaluru accounts for 51% of deals and 50% of funding, with Mumbai, Gurugram, Hyderabad and Pune also leading. Emerging hubs in Ahmedabad, Kolkata and Kochi are beginning to register activity.
The first tranche of the fund is scheduled for disbursement in September 2026, with a selection committee to be formed by the Ministry of Electronics and Information Technology. Tech entrepreneur Sanjay Gupta said the fund will accelerate product launches across the country.