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Corporates pull back from deep-tech investments in India; participation hits 5-year low

Corporate investment in India’s deep-tech startups has hit a five-year low, raising concerns for quantum, biotech and robotics innovation.
Indian corporates’ involvement in deep-tech startup funding has dropped to its lowest in five years, with just 62 corporate investors participating in 192 deep-tech funding rounds this year (vs ~128 in 2024). Areas impacted include quantum computing, biotech and robotics. Sources attribute this to long time-to-market, higher capital-requirements and uncertain near-term pay-offs. Analysts warn that the slowdown may impede India’s ambition to lead frontier technologies unless the funding ecosystem strengthens or policy incentives increase.