New Delhi, Sep 2
Eight leading US and Indian venture capital and private equity firms came together on Tuesday to create $1 billion alliance over the next decade to support Indian deep tech startups.
The group ‘India Deep Tech Investment Alliance’, includes Accel, Blume Ventures, Celesta Capital, Gaja Capital, Ideaspring Capital, Premji Invest, Tenacity Ventures, and Venture Catalysts, according to TechCrunch report.
Announcing the launch of the alliance, they said that their goal is to channel long-term private capital into advanced technology ventures while strengthening US-India technology ties.