12 months ago
India Deep Tech Investment Alliance Launched to Boost Innovation
Imagine a group of investors from the US and India joining together to create a new team called the India Deep Tech Investment Alliance.
Their goal is to help new tech companies in India get started and grow.
These companies will work on important things like artificial intelligence, space travel, and new medicines.
The alliance has a lot of money to invest, and it is supported by a big plan from the Indian government.
This partnership will help India become a leader in new technology by bringing in money, guidance, and connections for Indian startups.
This helps companies build new tech and create new jobs in India.
The India Deep Tech Investment Alliance (IDTA) was launched by U.S. and Indian venture capital and private equity firms.
The alliance aims to invest in deep tech companies in India and strengthen U.S.-India collaboration.
Founding members include Celesta Capital, Accel, and Premji Invest.
IDTA members will invest in Indian-incorporated startups across various technology sectors.
The alliance aligns with the Government of India’s Research, Development, and Innovation Scheme.
- Who
- Venture capital and private equity firms from the U.S. and India
- What
- Launched the India Deep Tech Investment Alliance (IDTA)
- Where
- India, U.S. corridor
- When
- Announced on September 3, 2025
- Why
- To mobilize private capital and expertise for deep tech companies in India
Key facts
- Alliance Name
- India Deep Tech Investment Alliance (IDTA)
- Mission
- Accelerate entrepreneurship and ecosystem development in key tech sectors
- Total Capital Committed
- $1B USD
- Key Sectors
- Semiconductors, space, quantum, robotics, AI, biotech, medical devices, energy/climate, digital economy
- Government Initiative
- ₹1 lakh crore ($12B USD) Research Development and Innovation Scheme
- Advisory Committee Chair
- Arun Kumar (Celesta Capital)
- Launch Date
- September 3, 2025
Quotes
TK Kurien
Premji Invest CEO
“At Premji Invest, we believe India’s deep tech ecosystem will define the next wave of strategic innovation, if nurtured appropriately.”
thehindubusinessline.com
“We are excited to collaborate with India’s leaders in achieving its aim of scaling up research, development, and innovation in strategic and sunrise domains.”
thehindubusinessline.com
Anand Daniel
Partner at Accel
“We’re structurally bullish on India’s deep-tech founders.”
thehindubusinessline.com
“Over the next decade, startups will build in India and export breakthrough solutions to the world.”
thehindubusinessline.com
Dr. Apoorva Rajan Sharma
Managing Director at Venture Catalysts
“Semiconductors, deep tech, and AI are India’s chance to script the next IT revolution—one that can create millions of jobs at home and open global opportunities.”
thehindubusinessline.com
“With 3,600+ startups making India the world’s 6th largest deep tech hub, 74% of them AI-led, and the government committing ₹20,000 crore alongside new semiconductor projects under the India Semiconductor Mission, the momentum is undeniable.”
thehindubusinessline.com
Sriram Viswanathan
Founding Managing Partner at Celesta Capital
“Deep tech represents the next frontier of global innovation and we expect great companies to emerge and lead in this space from the U.S.-India corridor.”
thehindubusinessline.com
“With the catalytic support mobilized under the RDI Scheme, this is a historic opportunity to deepen U.S. - India partnership and power the next wave of transformative global companies and unlock growth opportunities that will benefit both India and the U.S.”
thehindubusinessline.com
Sources
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