Overview
- The India Deep Tech Alliance announced more than $850 million in additional commitments as it expanded its roster of backers on November 5.
- Nvidia joined as a founding member and strategic advisor to provide technical guidance, policy input, and training via the NVIDIA Deep Learning Institute, with no disclosed cash commitment.
- New investors include Qualcomm Ventures, Activate AI, InfoEdge Ventures, Chiratae Ventures, and Kalaari Capital, building on an initial $1 billion pledge made at launch in September.
- Qualcomm Ventures enters with an investment focus and plans to link startups to its portfolio, partner networks, and internal teams to accelerate commercialization.
- Members will not pool funds, instead deploying their own capital over five to ten years while coordinating mentorship and deal flow, targeting areas such as semiconductors, AI, space, and robotics alongside India’s recent RDI scheme.