US chipmaker Nvidia has joined Indian and US investors in backing India’s deep-tech startups, as the India Deep Tech Alliance secured over $850 million in new capital commitments, according to a Reuters report.
Launched in September 2025 with an initial $1 billion fund, the alliance seeks to bridge the funding gap in research-driven sectors including semiconductors, space, robotics, and artificial intelligence (AI).
Nvidia’s Role and New Investors
As a founding member and strategic advisor, Nvidia will provide technical guidance, AI training, and policy insights to help Indian startups integrate its computing technologies.
Other backers in the latest round include Qualcomm Ventures, Activate AI, InfoEdge Ventures, Chirate Ventures, and Kalaari Capital, strengthening the alliance’s position as a catalyst for India’s next wave of technology-led innovation.
Bridging the Deep-Tech Funding Gap
Despite India’s growing startup ecosystem, deep-tech ventures continue to face funding constraints due to long R&D cycles and uncertain profitability timelines.
Deep-tech funding in India rose 78% year-on-year to $1.6 billion in 2023, but accounted for just one-fifth of the $7.4 billion raised across all startups, according to Nasscom. The alliance’s members including Celesta Capital, Accel, Blume Ventures, Gaja Capital, and Premji Invest plan to invest their own capital in deep-tech startups over the next decade.
Government Push and Global Context
The move aligns with India’s $12 billion R&D initiative aimed at boosting national capabilities in semiconductors, AI, and advanced computing sectors critical to economic and strategic independence.
Globally, Nvidia continues to dominate the AI hardware race, recently surpassing a $5 trillion market valuation and cementing its position as the world’s most valuable semiconductor company.
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