India, Sept. 3 -- Eight prominent India and US-based VC firms have together launched 'India Deep Tech Alliance' (IDTA) to infuse more than $1 Bn in the country's deeptech startups over the next decade.

Celesta Capital founding managing partner Sriram Viswanathan unveiled the IDTA on the first day of the ongoing 'SEMICON India 2025'. He said that the alliance aims to mobilise private capital and expertise to build category-defining deeptech companies from India to serve the world and strengthen the US-India corridor.

Accel, Blume Ventures, Gaja Capital, Ideaspring Capital, Premji Invest, Tenacity Ventures, and Venture Catalysts are among the other members of the IDTA.

Each member will invest capital in the India deeptech space over the ...