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Key Points

India's semiconductor startups are witnessing unprecedented growth with government backing. Netrasemi's Rs 107 crore funding highlights investor confidence in domestic chip design. The DLI Scheme has already committed Rs 234 crore across 22 promising companies. With multiple startups reaching advanced testing stages, India's chip ecosystem is rapidly maturing.

Key Points: India's Semiconductor Startups Attract Record VC Funding With Govt Support

  • Netrasemi secures Rs 107 crore for smart vision chip development
  • 22 companies approved under Rs 234 crore DLI Scheme
  • 5 startups test chips with global manufacturers
  • Mindgrove raises Rs 85 crore for CCTV chip design
2 min read

Driven by govt's support, semiconductor startups in India attract record investment

MeitY-backed chip design startups like Netrasemi secure Rs 380 crore in VC funding as India's semiconductor ecosystem gains momentum

"India has significant design capabilities...the success of Netrasemi will encourage other Indian startups - Ashwini Vaishnaw"

New Delhi, July 24

The semiconductor design ecosystem in India is getting stronger as startups supported under the Ministry of Electronics and IT's (MeitY) Design Linked Incentive (DLI) Scheme and Chips to Startup (C2S) Programme are now gaining significant traction, said Ministry of Electronics & IT in an official statement.

New Delhi [India], July 24 (ANI): The semiconductor design ecosystem in India is getting stronger as startups supported under the Ministry of Electronics and IT's (MeitY) Design Linked Incentive (DLI) Scheme and Chips to Startup (C2S) Programme are now gaining significant traction, said Ministry of Electronics & IT in an official statement.

In a major boost to the sector, Netrasemi, a startup supported under the government's chip design scheme, has received Venture Capital (VC) investment of Rs 107 crore.

The company is working on making chips for smart vision, CCTV cameras, and Internet of Things (IoT) applications.

Union Minister for Electronics and IT, Ashwini Vaishnaw, welcomed the development and stated, "India has significant design capabilities. With India Semiconductor Mission supporting Design in India, the success of Netrasemi will encourage other Indian startups."

Since the launch of the DLI Scheme in 2022, the government had committed the support of Rs 234 crore for chip design projects from 22 companies with a total project cost of Rs 690 crore. These chips will be used in CCTV cameras, mobile networks, satellites, cars, smart devices, and more.

Startups under these schemes have together raised over Rs 380 crore from venture Capital (VC) investors. Notably, five startups have already built and tested their chip designs with global chip manufacturers.

In addition, more than 72 companies have been given access to advanced software tools to help them design chips.

A few other examples of startups getting backed through private investment include: Mindgrove Technologies (CCTV chip design) raised Rs 85 crore, Fermionic Design (satellite communication chip) raised Rs 50 crore Morphing Machines, InCore Semiconductors, and BigEndian Semiconductors are progressing rapidly towards production stages In the spirit of becoming a 'product nation', the government is encouraging young companies to take bold steps in chip design, while private investors are now supporting them to grow and bring their chips to the market.

- ANI

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Reader Comments

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Priya S
While the investment numbers look promising, I hope the government ensures these startups actually deliver quality products. We've seen many schemes fail due to poor execution. The real test will be when these chips hit mass production.
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Aditya G
As an electronics engineer, this is music to my ears! For too long we've been importing chips while having brilliant minds here. The ₹107 crore investment in Netrasemi shows global confidence in Indian tech talent. Jai Hind!
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Sarah B
Interesting development! I work in IoT sector and having locally designed chips could reduce costs significantly. Hope the government continues this support beyond initial funding and helps with manufacturing infrastructure too.
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Karthik V
Good initiative but we need to see results. China invested billions in semiconductors decades ago. We're late to the party but better late than never. Focus should be on creating complete ecosystem - from design to fabrication.
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Nisha Z
My nephew just graduated in VLSI design and got placed in one of these startups! The energy in this sector is amazing. Government schemes + private investment + young talent = perfect recipe for success 🇮🇳

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