According to a report by SAP India, in collaboration with Dun & Bradstreet, over 77% of Indian startups are investing in artificial intelligence (AI), machine learning (ML), Internet of Things (IoT) and blockchain.
“As businesses shift their focus from gross merchandise value (GMV) to gross margin (GM) and look to forge more sustainable business models with the help of transparent and trusted financial data, technology remains a cornerstone and key differentiator for startups to achieve these business goals, irrespective of their growth stage or industry,” said Sanket Deodhar, Vice President and Head of Digital Natives, SAP Indian Subcontinent.
· Cities like Chandigarh, Jaipur, Madurai, Indore, Kochi, Warangal, Hubli, Raipur, Vishakhapatnam and Guwahati among others are home to 15% of India’s tech talent pool.
· By 2023, 25% of newly created tech startups used DeepTech.
First published: July 19, 2024 | 11:57 p.m. IST
