• Nvidia joins India Deep Tech Alliance with $850 Million in new funding
• Alliance expands with Qualcomm Ventures, Kalaari Capital, and others
• Focus on boosting deep-tech sectors like AI, semiconductors, and robotics

Nvidia has joined the India Deep Tech Alliance, adding its support to a growing list of global and local investors committed to fueling India’s deep-tech startup ecosystem. Along with Nvidia, new members like Qualcomm Ventures, Activate AI, InfoEdge Ventures, Chirate Ventures, and Kalaari Capital have pledged over $850 million in capital commitments.

The Alliance launched in September with an initial $1 billion to back startups in fields such as artificial intelligence, space tech, robotics, and semiconductors. As a founding member and strategic advisor, Nvidia will offer technical mentoring, AI training, and policy support to help Indian startups adopt its advanced tools and platforms.

This movement seeks to bridge the longstanding funding gap faced by India’s deep-tech startups, which often grapple with extended development cycles and unclear profitability timelines. Despite a 78% jump in deep-tech funding in 2023, it still represents only a fraction of the total capital raised by startups in India, according to Nasscom.

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The Indian government’s recent $12 billion initiative to boost R&D efforts has further energized the sector. Investors like Celesta Capital, Accel, Blume Ventures, and Premji Invest are also backing the Alliance, signaling rising confidence in India’s potential to build core technologies and achieve tech self-reliance.

The Alliance works through voluntary investment, with members independently deploying funds over the next 5-10 years while offering mentorship and network opportunities to startups.