September 3 (PTI): A deep tech focused, the India Deep Tech Alliance (IDTA), has secured over $1 billion in funding commitments from US, India VCs. India Deep Tech Alliance (IDTA) is aiming to create globally significant companies in crucial sectors like semiconductors, AI, and space. The alliance was launched at Semicon India 2025 on Tuesday, where it received initial capital commitments of over $1 billion from a mix of global and Indian investors.
The founding members of the alliance include Accel, Premji Invest, Venture Catalysts, Gaja Capital, Celesta Capital, Blume VC, IdeaSpring, and Tenacity Ventures. These members have collectively committed over $1 billion at the time of the announcement. This figure is expected to grow significantly as more members join in the coming months.
The IDTA’s aim is to accelerate the growth of India’s deep tech ecosystem by leveraging private capital and expertise to build world-class, impactful companies in key sectors such as semiconductors, AI, biotechnology, space, defense, and the digital economy. Sriram Viswanathan who is founding managing partner at Celesta Capital, said, “Our shared goal in this alliance is simple yet ambitious: to mobilize private capital and expertise to build category-defining deep tech companies from India that will serve the world and strengthen the US-India corridor.”
