India’s semiconductor sector is gaining strong momentum, with design-focused startups securing record funding thanks to robust support from the Government of India. Key initiatives such as the Design Linked Incentive (DLI) Scheme and the Chips to Startup (C2S) Programme, under the aegis of the Ministry of Electronics and Information Technology (MeitY), are catalyzing innovation in chip design and advanced electronics.
One standout success is Netrasemi, a government-backed startup that has secured Rs. 107 crore (~US$ 12.38 million) in VC funding. The startup focuses on chip design for smart vision, CCTV systems, and IoT solutions.
Union Minister Mr. Ashwini Vaishnaw hailed these developments, stating that India’s growing design ecosystem, backed by the India Semiconductor Mission, is fueling innovation-led, self-reliant growth in advanced technology sectors.
Key Highlights:
- Rs. 234 crore (US$ 27.08 million) committed by the government since the launch of the DLI Scheme in 2022.
- 22 chip design startups supported under the scheme with a total project value of Rs. 690 crore (US$ 79.86 million).
- Over Rs. 380 crore (US$ 43.98 million) raised by startups from venture capital investors.
- Mindgrove Technologies raised Rs. 85 crore for CCTV chip design.
- Fermionic Design secured Rs. 50 crore to develop satellite communication chips.
- 72+ companies now have access to state-of-the-art chip design software tools.
- 5 startups are already testing their chips in partnership with global fabrication players.
Why It Matters for the Logistics Sector:
With smarter chips powering IoT and CCTV technologies, India’s logistics and supply chain industries stand to benefit from enhanced tracking, surveillance, and data-driven automation.
