NVIDIA and Qualcomm Ventures have joined a growing 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 advisor, without any financial commitments, while Qualcomm Ventures has come on board alongside six Indian venture firms, bringing additional capital commitments totaling more than $850 million.

India is home to more than 180,000 startups and over 120 unicorns. In its early years, much of the ecosystem closely mirrored Western business models before evolving into SaaS companies that serve global clients, especially those in the

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