New Alliance to Boost Long-Term Investment in Indian Deep Tech Startups

To support Indian deep tech startups, a new alliance has been formed by eight venture capital and private equity firms from the U.S. and India, including Accel, Bloom Ventures, Celesta Capital, and Premji Invest. Named the “India Deep Tech Investment Alliance,” the initiative has pledged to invest over $1 billion in Indian deep tech startups over the next 5–10 years.

The initiative aims to strengthen technological ties between India and the United States and provide long-term private capital support to deep tech startups. Each member firm will assist their portfolio companies through guidance and networking, helping them expand in the Indian market.

Arun Kumar, Managing Partner of Celesta Capital, said, “This aligns with the strategic interests of both countries, particularly in critical and emerging technologies.”

The alliance will primarily focus on early-stage startups, from seed to Series B, with an initial emphasis on India-registered companies.

This initiative aligns with the Indian government’s ₹1 trillion (approximately $11 billion) Research, Development, and Innovation (RDI) program, which has been announced to boost deep tech R&D.

An advisory committee has been formed to allow investors to collectively engage with the government on policy and incentive matters, while maintaining the independence of each fund.

Sriram Vishnusthan, Founder and Managing Partner of Celesta Capital, said, “This initiative will be a strong step for India, enabling domestic startups to create new technologies and export them globally.”