NVIDIA, Qualcomm join U.S., Indian VCs to help build India’s next deep tech startups

Qualcomm Ventures has partnered with six Indian venture capital firms to invest over $850 million in India's deep-tech startup ecosystem, signaling a strong commitment to fostering innovation in the region. This collaboration also includes participation from NVIDIA, highlighting the involvement of major U.S. technology companies in supporting India's emerging technology sector. The primary goal of this investment is to bolster the development of next-generation deep-tech startups, which are expected to drive significant advancements in areas such as artificial intelligence and other cutting-edge technologies. The move reflects growing interest from global investors in India's potential as a hub for technological innovation. By pooling resources and expertise, these partners aim to create a robust environment for startups to thrive and scale. This initiative aligns with broader trends of increased investment in deep tech within India, as documented in recent coverage. Overall, the collaboration underscores a strategic effort to accelerate the growth of India's technology landscape through substantial financial backing and cross-border partnerships.