Leading investment firms from the U.S. and India have teamed up to create the "India Deep Tech Investment Alliance," allocating over $1 billion to fund "deep tech" startups in India. According to a report by Jagmeet Singh on September 1, 2025, the alliance aims to address a critical gap in the Indian market.
The alliance includes notable firms like Accel, Blume Ventures, Celesta Capital, and Premji Invest. Their primary goal is to provide long-term financial backing and support to startups working in fields such as artificial intelligence, quantum technology, space tech, robotics, biotechnology, energy, and climate tech.
This initiative is seen as a response to recent criticisms from India’s Commerce Minister, Piyush Goyal, who suggested that local startups were overly focused on sectors like food delivery. The new alliance seeks to fill the capital void for "deep tech" ventures and support founders who are building disruptive technologies.
Alliance members will deploy the invested capital over the next 5–10 years. Their support won't be limited to funding; they will also offer mentorship, networking opportunities, and help their portfolio companies enter the Indian market.
Arun Kumar of Celesta Capital has been named the head of the alliance. He stated that the initiative is strategically aligned with both India's and the U.S.'s interests in critical and emerging technologies.
The "India Deep Tech Investment Alliance" will primarily focus on early-stage startups, from seed to Series B. It is expected to attract more financial and corporate partners in the future. The alliance also plans to collaborate with the Indian government to help shape policies and incentives that support the "deep tech" ecosystem.
Investors believe that startups emerging from India over the next decade will export revolutionary technologies to the world, and they see immense potential in this market.
