The India Deep Tech Investment Alliance (IDTA) has been formed to enhance the collaboration between US and India in the deeptech sector and to mobilize private capital for startups across key technology fields.

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India Deep Tech Investment Alliance Powers India-US Innovation

A groundbreaking coalition of venture capital and private equity firms from the US and India has launched the India Deep Tech Investment Alliance (IDTA), aiming to accelerate private capital and expertise flow into India’s burgeoning deeptech ecosystem. This alliance represents a pivotal step toward strengthening US-India collaboration and driving innovation across strategic technology sectors.

Formation and Mission of IDTA

The IDTA was officially announced at SEMICON India 2025, featuring founding members renowned in the investment space: Celesta Capital, Accel, Blume Ventures, Gaja Capital, Ideaspring Capital, Premji Invest, Tenacity Ventures, and Venture Catalysts. This new industry group is dedicated to facilitating entrepreneurship and ecosystem development along the India-US corridor, aligning with the strategic TRUST initiative announced by US President Donald Trump and Indian Prime Minister Narendra Modi earlier this year.

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The alliance leverages the recent advance by the Indian Government with the Union Cabinet’s approval of the Research, Development, and Innovation (RDI) Scheme, allocating an unprecedented corpus of Rs 1,00,000 crore for scaling R&D and innovation in critical sectors.

Strategic Focus and Investment Commitment

IDTA members are committed to making long-term, thesis-driven investments over the next 5 to 10 years, focusing on India-incorporated startups and scale-ups in transformative sectors including:

• Semiconductors
• Space technology
• Quantum computing
• Robotics
• Artificial intelligence (AI)
• Biotechnology and medical devices
• Energy and climate tech
• Digital economy solutions

These commitments go beyond capital infusion—they include mentorship programs, network access, and facilitating market expansion for portfolio companies both within India and internationally.

Member Collaboration and Government Partnership

The IDTA offers a unified channel of engagement for its members to interact with government stakeholders managing the RDI Scheme. This enables alignment with Government of India goals, ensuring member actions complement national innovation strategies effectively.

Furthermore, IDTA fosters collaboration among members in pipeline development and due diligence, encouraging voluntary information-sharing and co-investment opportunities. They will also convene expert forums to address sectoral growth, innovation-friendly policies, and setting industry standards.

Insights from Industry Leaders

Sriram Viswanathan, Founding Managing Partner at Celesta Capital, emphasized the global significance of deeptech innovation through the US-India corridor, saying, “This historic opportunity will deepen bilateral ties, stimulate transformative companies, and unlock growth benefiting both nations.”

TK Kurien, CEO of Premji Invest, highlighted a decade-long vision to nurture India’s deeptech ecosystem by investing risk capital in startups focused on strategic and sunrise domains backed by government funding through the RDI Scheme.

Anand Daniel, Partner at Accel, expressed bullish sentiment about Indian deeptech founders, citing factors like talent, ambition, policy intent, and patient capital as critical tailwinds enabling startups to export breakthrough solutions globally.

Dr. Apoorva Rajan Sharma, Managing Director at Venture Catalysts, pointed out India’s emergence as the world’s 6th largest deeptech hub with over 3,600 startups, 74% of which are AI-led. Highlighting government initiatives like the Rs 20,000 crore semiconductor investments under the India Semiconductor Mission, he underscored India’s transformation from a consumer market to a creator powerhouse.

Governance and Future Growth

IDTA will be overseen by an advisory committee representing founding members to coordinate shared objectives while respecting the independence of individual funds. Arun Kumar, Managing Partner at Celesta Capital and former CEO of KPMG India, will chair the committee.

The alliance plans to broaden its membership base by inviting global and Indian investors who commit to collaboration and capital deployment in Indian deeptech ventures.

A New Era for India’s Deeptech Ecosystem

The India Deep Tech Investment Alliance exemplifies how strategic partnerships, patient capital, and government support can converge to empower India’s role at the forefront of global innovation. With focused investments in cutting-edge technologies and strong US-India cooperation, India’s deeptech revolution is set to transform industries, create jobs, and elevate the nation’s competitive edge on the world stage.

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