Overview

The India Deep Tech Alliance (IDTA) announced that its members collectively deployed approximately INR 2,170 crore across 56 deep‑technology companies during the period 1 September 2025 to 31 August 2026. The announcement was made at SEMICON India 2026, marking the first anniversary of the Alliance’s launch as an industry‑led platform to mobilise long‑term private capital, technical expertise and ecosystem support for Indian deep‑tech firms.

Capital Allocation by RDI Priority Sectors

IDTA members invested the total amount across the five priority sectors identified under the Research, Development and Innovation (RDI) Scheme:

  • Artificial Intelligence and its application to Indian problems: INR 639 crore invested in 16 companies.
  • Quantum computing, robotics and space technologies: INR 649 crore invested in 21 companies.
  • Energy security, transition and climate action: INR 655 crore invested in 8 companies.
  • Biotechnology, biomanufacturing, synthetic biology and pharmaceuticals: INR 189 crore invested in 7 companies.
  • Digital economy, including digital agriculture: INR 38 crore invested in 4 companies.

Statements from Key Stakeholders

  • Shri Ashwini Vaishnaw, Union Minister for Electronics & IT, highlighted the government’s commitment to translating scientific talent into globally competitive technologies and praised the private‑sector confidence reflected in the capital deployment.
  • Mr Arun Kumar, Chair of IDTA and Managing Partner of Celesta Capital, emphasized that the nearly INR 2,170 crore invested demonstrates the Alliance’s vision of combining patient capital with technical mentorship and market pathways.
  • Sriram Viswanathan, Executive Committee Member of IDTA and Founding Managing Partner of Celesta Capital, reiterated that the first‑year milestone shows private capital moving in tandem with India’s national ambition for deep‑tech.
  • Prof. Ajay Kumar Sood, Principal Scientific Adviser to the Government of India, noted that deep‑tech innovation requires sustained support through research, validation, commercialisation and scale, and that the investments are an encouraging sign of growing confidence.
  • Ravi Kiran Vadapally, Executive Committee Member and CFO/Partner at Premji Invest, affirmed the consortium’s commitment to risk capital, sector expertise and partnership with founders during capital‑intensive early stages.
  • Gopal Jain, Executive Committee Member and Managing Director & CEO of Gaja Capital, stressed the need for stronger pathways from research to intellectual property and scalable companies.
  • Pranav Pai, Executive Committee Member and Managing Partner of 3one4 Capital, highlighted the integration of research grants and equity to fund innovation across sectors.

Alliance’s Role and Vision

The IDTA was established on the premise that deep‑tech companies need more than financing; they require access to technical expertise, research capabilities, manufacturing and supply‑chain partners, customers, global markets and an enabling policy environment. The Alliance brings together investors, corporations and industry associations to strengthen these connections while preserving each member’s investment independence.

Conclusion

The deployment of INR 2,170 crore across 56 deep‑tech firms in the first year of IDTA’s operation illustrates a significant mobilisation of private capital aligned with India’s strategic technology priorities under the RDI Scheme. The Alliance’s leadership underscores the importance of patient capital, sector expertise, and policy support to translate scientific talent into globally competitive enterprises.