India Deep Tech Alliance Secures ₹7,500 Crore in New Commitments; Nvidia and Qualcomm Join Coalition

New Delhi, November 5: The India Deep Tech Alliance (IDTA) — a coalition of venture capital firms, corporates, and investors — has announced fresh commitments worth over ₹7,500 crore ($850 million) to strengthen India’s deep tech startup ecosystem.

New global members Nvidia Corp. and Qualcomm Ventures have joined the alliance, alongside Activate AI, Chiratae Ventures, InfoEdge Ventures, Kalaari Capital, Singularity Holdings VC, and YourNest Venture Capital.

Launched in September at SEMICON India with $1 billion in initial capital, the IDTA aims to channel private investment and technical know-how into early-stage Indian startups in AI, semiconductors, space, robotics, biotech, clean energy, and advanced manufacturing.

Quinn Li, Senior VP of Qualcomm Technologies and Global Head of Qualcomm Ventures, said, “AI-led intelligent computing is the foundation for the next wave of innovation, and India’s deep tech community will play a key role in shaping the global AI opportunity.”