Nvidia Joins $850M Drive to Fuel India's Deep-Tech Revolution

Nvidia has joined leading Indian and US investors to fuel India’s deep-tech ecosystem, as the India Deep Tech Alliance secured over $850 million in new capital commitments.

 The alliance, launched in September with an initial $1 billion fund, aims to close the funding gap in high-research sectors such as AI, semiconductors, robotics, and space technology.

Alongside Nvidia, major backers include Qualcomm Ventures, Activate AI, InfoEdge Ventures, Chirate Ventures, and Kalaari Capital. As a founding member and strategic advisor, Nvidia will provide technical expertise, developer training, and policy guidance to help startups adopt its computing and AI technologies.

Sriram Viswanathan, founding managing partner at Celesta Capital, told that government support was helping accelerate innovation in the sector. “There’s no better time for India to look at deep tech,” he said.

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Despite increasing investor confidence, India’s deep-tech startups still face funding challenges due to long product cycles and uncertain returns. According to Nasscom, deep-tech investments rose 78% to $1.6 billion in 2023 but made up only a fifth of the total $7.4 billion raised across startups.

The alliance—backed by firms like Accel, Blume Ventures, Gaja Capital, and Premji Invest—plans to deploy its capital over the next decade while offering mentorship and industry access. The move aligns with India’s $12 billion government initiative to boost R&D in core technologies for economic and strategic growth.

Globally, Nvidia continues to dominate the tech market, recently surpassing a $5 trillion valuation, cementing its position as the front-runner in the AI hardware race.

At current market prices, CEO Jensen Huang’s stake in the company is worth about $179.2 billion, making him the eighth-richest person in the world, according to Forbes.