NVIDIA, Qualcomm join U.S., Indian VCs to help build Indias next deep tech startups | TechCrunch

Image for article NVIDIA, Qualcomm join U.S., Indian VCs to help build Indias next deep tech startups | TechCrunch
News Source : TechCrunch

News Summary

  • N Nvidia and Qualcomm Ventures join coalition of U.S. and Indian investors backing India's deep tech startups.
  • The group launched in September with more than $1 billion in commitments, timing that aligns with India’s new ₹1 trillion (around $12 billion) research and development initiative.
  • Nvidia has joined the coalition as a strategic technical adviser, without any financial commitments.
  • Qualcomm Ventures has come on board alongside six Indian venture firms, bringing additional capital commitments totaling $850 million.
NVIDIA and Qualcomm Ventures have joined a growing coalition of U.S. and Indian investors backing Indias deep tech startups. The group launched in September with more than $1 billion in commitments, [+6676 chars]

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