Overview

• The alliance was unveiled at SEMICON India by Celesta’s Sriram Viswanathan, bringing together Accel, Blume Ventures, Celesta Capital, Gaja Capital, Ideaspring Capital, Premji Invest, Tenacity Ventures, and Venture Catalysts.
• Members pledged more than $1 billion to deploy over five to ten years into India‑domiciled deep tech startups, aligning with incentives under the new RDI scheme.
• Deployment will target seed to Series B companies across semiconductors, AI, space, quantum, robotics, biotech, medical devices, energy, climate and the digital economy.
• An advisory committee is in place to coordinate co‑investment and policy engagement, with Celesta’s Arun Kumar serving as inaugural chair.
• India’s IT minister Ashwini Vaishnaw signaled an initial emphasis on semiconductor investments through the alliance.