News Summary

• Eight U.S. and Indian venture capital and private equity firms have formed an unusual coalition to back India’s deep tech startups.
• The move stands out because investors typically compete for deals rather than formally band together under a named alliance with binding pledges.
• The alliance is betting on India as a hub for startups developing foundational technologies such as AI, semiconductors, space, quantum, robotics, biotech, energy, and climate tech.
• In addition to funding, the members will offer mentorship and network access.