India has begun disbursing funds under its Rs 1 lakh crore Research Development and Innovation (RDI) Scheme, sending cheques to the first cohort of five deep tech startups. Technology Development Board (TDB) released an initial tranche through long-term, low-interest loans and possible equity. The companies span space, drones, robotics, battery tech, and advanced healthcare, with the first approvals following a surge of proposal demand within months.
Altara has raised $7M to tackle a stubborn bottleneck in physical sciences: fragmented data trapped in spreadsheets and legacy systems. Its AI platform is designed to unify these sources and diagnose failures, helping teams accelerate experiments and R and D cycles. The goal is faster learning by making scientific workflows more data connected and actionable.
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Bengaluru has emerged as India’s leading startup hub in Q1 2026, landing 89 deals worth $823 million, ahead of Delhi and Mumbai. Karnataka’s CM Siddaramaiah highlighted the role of supportive policies and closer industry-academia collaboration in attracting both talent and capital. The state now plans to narrow gaps in competitiveness by pushing harder into deep tech and emerging technologies.
Novyte Materials has raised pre-seed funding with support from Theia Ventures and other backers. The company says the capital is meant to boost its speed, talent, and execution, helping translate early materials work into faster product development and scaling. The investment signals continued interest in nascent deep-tech teams building from early traction.
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