Nvidia will provide technical guidance, training, policy input to help Indian deep-tech startups<\/p>\n
Nvidia,\u00a0on Wednesday, joined Indian and US\u00a0investors backing the South Asian country’s deep-tech startups as the group added new members and secured more than $850 million in capital commitments to close a big funding gap.<\/p>\n
Qualcomm Ventures, Activate AI, InfoEdge Ventures, Chirate Ventures, and Kalaari Capital are among the new investors joining the India Deep Tech Alliance.<\/p>\n
It was launched in September with a $1 billion initial commitment to support companies in industries such as space, semiconductors, artificial intelligence, and robotics.<\/p>\n
As a founding member and strategic advisor to the group, Nvidia will provide technical guidance, training, and policy input to help Indian deep-tech startups adopt its AI and computing tools.<\/p>\n
The move is the latest effort to tackle what founders and analysts describe as chronic underfunding of the research-driven startups, which struggle to draw venture capital given their long development timelines and uncertain paths to profitability.<\/p>\n
It comes days after the Indian government launched a $12 billion initiative to spur research and development in a country that is a services giant but still trails in manufacturing.<\/p>\n
Deep-tech startup funding in India surged 78% to $1.6 billion last year, but still accounted for only about one-fifth of the $7.4 billion raised overall, according to a report by industry body Nasscom.<\/p>\n
An Indian minister’s call in April for startups to emulate China by focusing on high-end technology rather than grocery deliveries had drawn backlash from entrepreneurs, who said the government needed to do more to support innovation.<\/p>\n
Experts have said deep-tech investment is vital to build core technologies such as chips and artificial intelligence that secure economic and strategic independence.<\/p>\n
Sriram Viswanathan, founding managing partner at Celesta Capital, told Reuters the increasing government support meant that “there’s no better time for India to look at deep tech”.<\/p>\n
Celesta, which has invested in startups including space-tech firm Agnikul Cosmos and drone maker IdeaForge, was among the investors that launched the alliance along with Accel, Blume Ventures, Gaja Capital, Premji Invest, among others.<\/p>\n
The alliance’s members aim to deploy their own capital to Indian deep-tech startups over the next five to ten years while also providing mentorship and network access.<\/p>\n
“There’s no real pooling of capital. It’s voluntary,” Viswanathan said, drawing parallels to Nasscom.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
Nvidia will provide technical guidance, training, policy input to help Indian deep-tech startups Nvidia,\u00a0on Wednesday, joined Indian and US\u00a0investors backing the South Asian country’s deep-tech startups as the group added new members and secured more than $850 million in capital commitments to close a big funding gap. Qualcomm Ventures, Activate AI, InfoEdge Ventures, Chirate Ventures, […]<\/p>\n","protected":false},"author":2,"featured_media":100882,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/i.tribune.com.pk\/media\/images\/nvidia1754808436-0\/nvidia1754808436-0-640x480.webp","fifu_image_alt":"","footnotes":""},"categories":[8],"tags":[],"class_list":["post-100881","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t