The India Deep Tech Alliance (IDTA) has announced its second wave of members and fresh capital commitments exceeding ₹7,500 crore (over $850 million). The move strengthens efforts to boost India’s early-stage deep technology sector and aligns with the government’s ₹1 lakh crore Research, Development, and Innovation (RDI) Scheme.
The new members include Activate AI, Chirate Ventures, InfoEdge Ventures, Kalaari Capital, Qualcomm Ventures, Singularity Holdings VC, and YourNest Venture Capital.
The Alliance, launched in September 2025 by Sriram Viswanathan, the founding managing partner of Celesta Capital, at SEMICON India, with initial commitments of $1 billion (₹1 lakh crore). This brought together investors and corporates to support Indian startups in deep tech areas such as AI, robotics, space, semiconductors, and biotechnology.
What is NVIDIA Doing?
IDTA also confirmed NVIDIA as a founding member and strategic technical advisor. The company will guide members and startups on using AI and accelerated computing technologies to advance the country’s deep tech capabilities under the RDI Scheme.
It will also provide technical talks and training via the NVIDIA Deep Learning Institute (DLI).
Vishal Dhupar, managing director of the South Asia region for NVIDIA, said, “Through this engagement, we endeavour to provide strategic guidance on AI systems, developer enablement, and responsible deployment, and to collaborate with policymakers, investors, and entrepreneurs to help advance transformative solutions.”
Viswanathan, who is also an IDTA executive council member, said NVIDIA’s participation marks a milestone. “NVIDIA’s depth of expertise in AI systems, software, and ecosystem-building will benefit our network of investors and entrepreneurs.”
Existing members include Accel, Blume Ventures, Celesta Capital, Gaja Capital, Ideaspring Capital, Premji Invest, Tenacity Ventures, and Venture Catalysts.
The Alliance aims to facilitate long-term investments, mentorship, and policy engagement, while fostering collaboration among investors, founders, and the government.
Quinn Li, senior VP at Qualcomm Technologies and global head of Qualcomm Ventures, said, “We see AI-led intelligent computing as the foundation for the next wave of innovation.”
Sanjeev Bikhchandani, founder at InfoEdge, added, “Now is India’s AI and deep tech moment. Talent, demand, and policy are getting aligned, and we hope several science and engineering breakthroughs will go on to become profitable businesses.”
The IDTA aims to provide capital access, technical mentorship, and market linkages to help Indian founders build globally competitive companies.
