Nvidia (NVDA) Stock: Chipmaker Joins $2 Billion India Deep Tech Alliance as Founding Member

TLDR

• Nvidia joined the India Deep Tech Alliance as a founding member, with the group securing over $850 million in new capital commitments.
• The alliance now totals $2 billion in pledged investments targeting startups in AI, semiconductors, space, robotics and biotech.
• Nvidia will provide technical training through its Deep Learning Institute and serve as a strategic advisor to Indian deep tech startups.
• The move comes as India’s government launched a $12 billion research initiative and plans to host an AI Impact Summit in February 2026.
• Deep tech startup funding in India jumped 78% to $1.6 billion last year but still represents only one-fifth of total venture capital raised.

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Nvidia has joined the India Deep Tech Alliance as a founding member and strategic advisor. The alliance announced the addition of Nvidia along with new capital commitments exceeding $850 million on Wednesday.

The India Deep Tech Alliance launched in September with an initial $1 billion commitment. The group targets investments in space, semiconductors, artificial intelligence, robotics and biotech companies.

Nvidia will provide technical guidance and training through its Deep Learning Institute. The company will also work with policymakers on AI systems and developer enablement.

Vishal Dhupar, Nvidia’s managing director of South Asia, said the company wants to collaborate with investors and entrepreneurs. The chipmaker did not disclose any financial investment or specific training targets.

NVIDIA Corporation, NVDA

New members joining the alliance include Qualcomm Ventures, Activate AI, InfoEdge Ventures, Chirate Ventures and Kalaari Capital. The group’s founding investors include Accel, Blume Ventures, Gaja Capital and Premji Invest.

Celesta Capital, one of the founding partners, has invested in companies like space-tech firm Agnikul Cosmos and drone maker IdeaForge. The firm’s founding managing partner Sriram Viswanathan said there’s no better time for India to focus on deep tech.

Addressing the Funding Gap

Deep tech startups in India face chronic underfunding due to long development timelines and uncertain profitability paths. These research-driven companies struggle to attract venture capital compared to other sectors.

Last year, deep tech funding in India surged 78% to $1.6 billion. However, this still represented only about one-fifth of the $7.4 billion raised across all startup sectors, according to industry body Nasscom.

Viswanathan told reporters the pace of innovation is accelerating in India. He expects to see a large number of Indian deep tech companies gain global recognition within five years.

The alliance members will deploy their own capital to startups over the next five to ten years. There is no pooling of capital, with each investor making voluntary commitments.

Government Support and Global Interest

The Indian government launched a $12 billion initiative to boost research and development. The country has allocated over $1.1 billion through its AI Mission and an $11.2 billion Research, Development and Innovation Scheme Fund.

Indian Prime Minister Narendra Modi announced the country will host the AI Impact Summit in February 2026. The event is expected to draw heads of state, policymakers and business leaders.

Jensen Huang, Nvidia’s CEO, and Demis Hassabis, CEO of Google DeepMind, are likely to participate in the summit. The announcement came days after Google pledged $15 billion to build an AI hub in Visakhapatnam.

OpenAI counts India as its second-largest user base. The country represents the world’s third-largest startup ecosystem.

An Indian minister called on startups in April to focus on high-end technology rather than consumer services. The comments drew criticism from entrepreneurs who said the government needed to provide more support for innovation.

Experts have said deep tech investment is critical for developing core technologies like chips and artificial intelligence. These technologies help secure economic and strategic independence.

Nvidia’s involvement marks the company’s latest expansion in India’s growing AI market. The alliance aims to provide mentorship and network access in addition to capital deployment.

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