Deal Corner

Deal Corner: NDA Advises on the Formation of the India Deep Tech Investment Alliance (IDTA) with $1 Billion Commitments

DEAL BRIEF

A coalition of venture capital and private equity firms from the U.S. and India today announced in the presence of Hon'ble Prime Minister Mr. Narendra Modi, the formation of the India Deep Tech Investment Alliance (IDTA). This new industry group aims to mobilize private capital and expertise for deep tech companies in India that will strengthen U.S. - India deep tech collaboration. Founding IDTA members include Celesta Capital, Accel, Blume Ventures, Gaja Capital, Ideaspring Capital, Premji Invest, Tenacity Ventures, and Venture Catalysts.

IDTA will spur increased private investment in priority deep tech sectors with $1B USD total capital commitments to date. It builds on momentum of Government of India’s ₹1 lakh crore ($12B USD) Research Development and Innovation Scheme.

OUR ROLE

Nishith Desai Associates (NDA), was the guiding force and Global Strategic Legal Advisor behind the successful launch of the IDTA. Our key contributions included:

• Strategic Architecture: Conceptualizing and structuring the IDTA's framework, objectives, and operational roadmap to align with the goals of strengthening U.S.-India deep tech collaboration.

• Global Convening Power: Leveraging our extensive international network to identify, engage, and bring together a powerful coalition of founding venture capital and private equity firms from the U.S. and India.

• Rapid Implementation: Spearheading the end-to-end execution process, demonstrating exceptional agility by facilitating the formation of the entire IDTA within an accelerated, one-week timeframe.

• Holistic Advisory: Providing seamless strategic and legal guidance throughout the process, ensuring a robust foundation for the IDTA's future success.

DEAL TEAM

Nishith Desai, Vaibhav Parikh, Nishchal Joshipura, Parul Jain, Suril Desai, Radhika Parikh, Shiv Singhal, Kamini Toprani and Akash Shirore

ANNOUNCEMNET VIDEO

Please access the announcement video of IDTA by Sriram Viswanathan (Celesta Capital), Alliance Chair of the IDTA, in the presence of Hon’ble Minister Ashwini Vaishnaw, Minister of Electronics and Information Technology at Semicon India 2025, wherein the instrumental contribution of NDA in IDTA's formation was specifically mentioned and appreciated.

PRESS COVERAGE

techcrunch.com/2025/09/01/u-s-and-indian-vcs-just-formed-a-1b-alliance-to-fund-indias-deep-tech-startups/

www.newsbytesapp.com/news/business/us-indian-vcs-establish-1b-alliance-for-tech-start-ups/story

www.prnewswire.com/in/news-releases/leading-global-and-indian-investors-launch-india-deep-tech-investment-alliance-302543181.html