New Delhi – Nvidia, the global chipmaker, teamed up with a mix of Indian and U.S. investors to boost India’s rapid deep‑tech growth. The partnership is part of the India Deep Tech Alliance, which announced more than $850 million in fresh capital on Wednesday.
The alliance launched in September with a $1 billion fund and targets startups in cutting‑edge fields such as semiconductors, artificial intelligence, robotics, and space technology. This latest round added key players like Qualcomm Ventures, Activate AI, InfoEdge Ventures, Chirate Ventures, and Kalaari Capital.
As a founding member and strategic advisor, Nvidia will help Indian startups use its AI and computing tools. The company will offer technical guidance, training, and policy advice to help startups embed Nvidia’s technology into their products and research projects.
India’s deep‑tech companies often struggle to get venture capital because their projects need long research cycles and carry high uncertainty. The new funding push aims to reduce that gap. It comes just days after the government announced a $12 billion initiative to spur high‑tech research and development.
Industry data from Nasscom shows that Indian deep‑tech startups raised $1.6 billion in 2023, a 78 percent jump from the previous year, but that amount still represents only a fraction of the $7.4 billion raised by all startups. These new moves from both the government and global investors signal a shift toward high‑end technology and long‑term innovation in India’s startup scene.
Source: ianslive
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