Reported about 20 hours ago
A coalition of eight U.S. and Indian venture capital firms, including Accel and Blume Ventures, has formed the India Deep Tech Investment Alliance, pledging over $1 billion to support Indian deep tech startups over the next decade. This initiative aims to improve funding for domestic innovations amidst criticisms of India's startup landscape focusing on food delivery rather than technological development. The alliance seeks to provide long-term capital, mentorship, and facilitate market access for these startups while enhancing U.S.-India technology ties despite ongoing geopolitical tensions.
Source: YAHOO