U.S. and Indian VCs just formed a $1B+ alliance to fund India’s deep tech startups
Key Points: - Eight prominent U.S. and Indian venture capital (VC) and private equity (PE) firms have formed a $1 billion+ alliance to invest in India's deep tech startups. - The alliance aims to support the growth of India's deep tech ecosystem, which includes industries like artificial intelligence, machine learning, robotics, and quantum computing. - Participating firms include Sequoia Capital India, Lightspeed India, Accel, and Blume Ventures from India, as well as Softbank Vision Fund, Falcon Edge Capital, General Catalyst, and GGV Capital from the U.S. - The initiative aims to provide funding, mentorship, and other resources to help deep tech startups in India scale and succeed globally. - This partnership reflects the growing importance of India's deep tech sector and the increasing collaboration between U.S. and Indian investors to tap into the country's innovative potential.
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