Eight venture capital and private equity firms from the United States and India—including Accel, Blume Ventures, Celesta Capital, and Premji Invest—have formed a coalition called the India Deep Tech Investment Alliance. The group pledged more than $1 billion over the next decade to back Indian‑domiciled deep‑tech startups, aligning with the Indian government’s new research, development and innovation (RDI) scheme. Members will provide capital, mentorship and network access while coordinating on pipeline development and co‑investment opportunities. The alliance aims to strengthen U.S.–India tech ties and accelerate growth in sectors such as AI, semiconductors, space, quantum, robotics, biotech, energy and climate tech.
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