Nvidia has joined the India Deep Tech Alliance, a group of Indian and U.S. investors focused on supporting deep-tech startups in India. The alliance announced that it has added new members and secured over $850 million in fresh capital commitments to help bridge the funding gap for research-driven companies.
The India Deep Tech Alliance was launched in September with an initial commitment of $1 billion to back startups in sectors such as artificial intelligence, semiconductors, robotics and space technology. New investors joining the group include Qualcomm Ventures, Activate AI, InfoEdge Ventures, Chirate Ventures and Kalaari Capital.
As a founding member and strategic advisor, Nvidia will provide technical expertise, training and policy support to help Indian startups integrate its advanced AI and computing technologies. The company’s involvement marks a significant step towards strengthening India’s deep-tech ecosystem.
The alliance aims to address what experts describe as a chronic underfunding of India’s research-led startups. These companies often face challenges in attracting venture capital due to long development cycles and delayed profitability.
This announcement comes soon after the Indian government launched a $12 billion initiative to boost research and development in emerging technologies. While India remains a leader in services, it continues to work towards expanding its manufacturing and innovation capabilities.
According to a report by a leading industry body, deep-tech startups in India saw a 78 per cent surge in funding last year, reaching $1.6 billion. However, this still represented only a small portion of the $7.4 billion raised across all startups.
Sriram Viswanathan, founding managing partner at Celesta Capital, said that “there’s no better time for India to look at deep tech” given the growing government support. Celesta Capital, along with Accel, Blume Ventures, Gaja Capital and Premji Invest, was among the founding members of the alliance.
The alliance members plan to invest their own capital in Indian deep-tech startups over the next five to ten years, offering mentorship and access to global networks. “There’s no real pooling of capital. It’s voluntary,” Viswanathan said, comparing the structure to that of an industry association.
Also read: Viksit Workforce for a Viksit Bharat
Do Follow: The Mainstream formerly known as CIO News LinkedIn Account | The Mainstream formerly known as CIO News Facebook | The Mainstream formerly known as CIO News Youtube | The Mainstream formerly known as CIO News Twitter
About us:
The Mainstream formerly known as CIO News is a premier platform dedicated to delivering latest news, updates, and insights from the tech industry. With its strong foundation of intellectual property and thought leadership, the platform is well-positioned to stay ahead of the curve and lead conversations about how technology shapes our world. From its early days as CIO News to its rebranding as The Mainstream on November 28, 2024, it has been expanding its global reach, targeting key markets in the Middle East & Africa, ASEAN, the USA, and the UK. The Mainstream is a vision to put technology at the center of every conversation, inspiring professionals and organizations to embrace the future of tech.
