Indian Economy News

Future check for Indian startups: 70% see demand for AI solutions

  • IBEF
  • January 8, 2024

In the face of challenges such as valuation contractions and regulatory shifts, the Indian technology startup landscape witnessed resilience, welcoming over 950 new startups in 2023, totaling 31,000, as per a recent report.

Despite uncertainties, most startups express optimism in revenue growth, although 46% remain positive about the funding environment. Notably, the focus on deep tech, characterized by tangible engineering innovation and scientific discoveries, is anticipated to attract investments, signifying a strategic shift in business development.

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.