Global investors launch $1B India Deep Tech Investment Alliance

The coalition aims to foster deep tech startups and align with India’s Research, Development, and Innovation scheme.

India Deep Tech Investment Alliance / X/ CelestaCapital

Leading global and Indian investors on Sept. 2 pledged $1 billion to accelerate India's deep tech ecosystem through the India Deep Tech Investment Alliance (IDTA) launched at the 2025 edition of Semicon India, the annual semiconductor conference.

The alliance comprising of Celesta Capital, Accel, Blume Ventures, Gaja Capital, Ideaspring Capital, Premji Invest, Tenacity Ventures, and Venture Catalysts aims to mobilize private capital and expertise to back Indian startups in semiconductors, space, quantum, AI, robotics, biotech, energy, and climate technologies.

Also read: India to start commercial chip production by 2025

IDTA members have pledged to invest patient, thesis-driven capital over 5–10 years while offering mentorship, networks, and market access. The alliance will also serve as a unified channel for engagement with policymakers and facilitate co-investment opportunities across the U.S.–India corridor.

The initiative complements the Government of India’s ₹1 lakh crore ($12 billion) Research, Development, and Innovation (RDI) Scheme, recently approved by the Union Cabinet to strengthen strategic technologies. By aligning with the RDI Scheme, the alliance will coordinate private investment with national innovation priorities.

“Deep tech represents the next frontier of global innovation,” said Sriram Viswanathan, founding managing partner of Celesta Capital. “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.”

Premji Invest CEO TK Kurien emphasized that India’s deep tech ecosystem could define the “next wave of strategic innovation,” while Accel partner Anand Daniel highlighted strong “tailwinds of ambition, talent, and policy intent.”

The alliance will be chaired by Arun Kumar, former CEO of KPMG India, with an advisory committee drawn from founding members. Membership is expected to expand as more investors commit capital to India’s rapidly growing deep tech sector, home to more than 3,600 startups, most AI-led.

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