India Deep Tech Alliance secures over US$850 m as Nvidia joins

The India Deep Tech Alliance announced new capital commitments exceeding US$850 million today, as Nvidia officially joined the group alongside other global investors such as Qualcomm Ventures and InfoEdge Ventures. The alliance, launched in September with an initial US$1 billion pledge, supports Indian startups in space, semiconductors, AI and robotics. Nvidia will provide technical guidance and training to member firms. The move aims to address long-recognised under-funding in India’s research-intensive startup ecosystem, which despite a 78% funding rise last year still draws only a fifth of total VC flows.