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Nvidia has joined a group of Indian and U.S. investors to accelerate funding for India’s deep-tech startups, as the India Deep Tech Alliance secured over $850 million in new capital commitments. The alliance, launched in September with an initial $1 billion fund, aims to support startups in advanced sectors such as artificial intelligence (AI), semiconductors, space technology, and robotics.
New investors in the initiative include Qualcomm Ventures, Activate AI, InfoEdge Ventures, Chirate Ventures, and Kalaari Capital. As a founding member and strategic advisor, Nvidia will provide technical guidance, training, and policy recommendations to help Indian startups leverage its AI and computing platforms.
The alliance’s mission addresses a persistent challenge for India’s deep-tech ecosystem—limited access to venture funding due to long development cycles and uncertain profitability. Despite deep-tech funding in India jumping 78% to $1.6 billion last year, it represented only a fraction of the $7.4 billion raised across the startup sector, according to Nasscom.
This partnership aligns with the Indian government’s recent $12 billion initiative to advance research and development in technology manufacturing, signaling growing national support for innovation. Industry experts believe this momentum could transform India into a global deep-tech powerhouse.
Sriram Viswanathan, founding managing partner at Celesta Capital, emphasized that the timing is ideal for India’s deep-tech growth. Celesta, an investor in companies like Agnikul Cosmos and drone maker IdeaForge, helped establish the alliance alongside major investors such as Accel, Blume Ventures, Gaja Capital, and Premji Invest.
Over the next decade, alliance members plan to deploy capital, mentorship, and global networks to strengthen India’s innovation ecosystem. While the alliance does not pool funds, it operates collaboratively—similar to Nasscom—encouraging voluntary investment in startups that can drive India’s technological and economic independence.
