2. DeepTech can be leveraged even more widely by Indian B2B SaaS companies
According to the report, 61% of Indian B2B SaaS businesses are working on at least one of the top 10% DeepTech use cases. This demonstrates a strong commitment to innovation via the use of cutting-edge technologies to address complicated situations. 60% of DeepTech use cases have ~2 companies working on each of them. This signifies the strategic selectiveness that companies exercise in choosing their focus areas.
3. Focus on inventive DeepTech is key to future growth of Indian B2B SaaS
The focus on inventive DeepTech is critical to the success of Indian B2B SaaS, with the potential for breakthrough companies to sustain growth of Annual Recurring Revenue (ARR), Compound Annual Growth Rate (CAGRs) of 30%-50%. The report indicates that one in every four or 25% of Indian B2B SaaS enterprises today are inventive DeepTech focused. Inventive DeepTech represents the fusion of creative thinking and advanced technical acumen.
By leveraging emerging technologies such as AI/ML, inventive DeepTech pioneers/forward-thinking entrepreneurs in India are devising ground-breaking solutions that address complex challenges and enhance customer experience.
4. Enabling the DeepTech advantage for Indian B2B SaaS
The top three problems identified by Indian B2B SaaS companies are a lack of DeepTech talent (80%), patient capital (40%), and DeepTech infrastructure (27%). DeepTech demands specialized skills but recruiting and maintaining competent talent is difficult because due to high demand and limited availability. Secondly, DeepTech ventures involve longer development timelines and higher risks, making it tough to secure patient capital. Striking a balance between investors' expectations, regulations, market access and infrastructure is crucial for DeepTech start-ups.
