A consortium of eight leading venture capital and private equity firms—both from the U.S. and India, including Accel, Blume Ventures, Premji Invest, and more—have formed the India Deep Tech Investment Alliance. Together, they pledge over $1 billion to back India’s deep tech startups over the next decade. This move aims to bridge the funding gap for ambitious ventures in sectors like AI, robotics, and advanced materials.
The initiative aligns with government efforts like the ₹1 trillion Research, Development, and Innovation (RDI) scheme, and comes as a boost to ventures that are often overlooked in favor of consumer-oriented startups. By catalyzing long-term capital in deep science and technology, the alliance signals growing investor confidence in India’s next-gen innovation ecosystem
