US Edition$850 Million Pledge, Nvidia Joins India Deep Tech Alliance as Group Adds New Members
The India Deep Tech Alliance combines over $1 billion in commitments from U.S. and Indian investors to boost startups amid India’s $12 billion research and development initiative.
- NVIDIA and Qualcomm Ventures have joined the India Deep Tech Alliance , which launched recently with more than $1 billion in commitments and pledges $2 billion for investments.
- In recent years, India's startup focus has shifted toward infrastructure-scale problems as deep-tech startups face scarce capital due to longer gestation, prompting the Indian government to approve a $11.2 billion Research, Development and Innovation scheme.
- NVIDIA joined the alliance as a strategic technical advisor without financial commitments, offering guidance and scalable compute insights, while Qualcomm Ventures and six Indian venture firms bring more than $850 million in capital.
- The alliance plans to invest capital and provide mentorship to Indian-domiciled deep-tech startups over the next five to ten years, though the IDTA's success and participant contributions remain uncertain.
- Backers expect the alliance to draw global attention and attract more investors to India's startup ecosystem, which includes more than 180,000 startups and over 120 unicorns, while Google recently pledged $15 billion for an AI hub in Visakhapatnam.
14 Articles
14 Articles
India Deep Tech Alliance expands with Nvidia as adviser, new investors backing Rs 7,500 crore capital
Nvidia has joined the India Deep Tech Alliance (IDTA) as a founding member and strategic technical adviser, a top official of the industry-led deep-tech consortium told ET on Tuesday.
$850 million pledge, Nvidia joins India Deep Tech Alliance as group adds new members
Nvidia, on Wednesday, joined Indian and US investors backing the South Asian country's deep-tech startups as the group added new members and secured more than $850 million in capital commitments to close a big funding gap. Qualcomm Ventures, Activate AI, InfoEdge Ventures, Chirate Ventures, and Kalaari Capital are among the new investors joining the India Deep Tech Alliance. It was launched in September with a $1 billion initial commitment to su…
Nvidia joins India Deep Tech Alliance as group adds new members, $850 million pledge
Nvidia joined Indian and U.S. investors backing the south Asian country's deep-tech startups as the group added new members and secured more than $850 million in capital commitments to close a big funding gap.
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