Nvidia, along with a group of Indian and U.S. investors, has joined the India Deep Tech Alliance, helping the group secure over $850 million in new capital commitments. This initiative aims to address the persistent issue of underfunding for India's research-driven "deep-tech" startups, which focus on industries such as semiconductors,...
India is “Best Market,” “Secret Weapon”- American CEOs with Modi
In Washington yesterday, five prominent American CEOs had 15-minute meetings with India's Prime Minister Narendra Modi and each was gushing with enthusiasm for expanding their role in India. The founder and CEO of Blackstone (NYSE: BX), world's largest private equity firm, exclaimed that India is their best market worldwide. The...
Intel Acquires India's Startup Ineda Systems
Santa Clara, CA-based Intel Corporation acquired Hyderabad, India-headquartered startup Ineda Systems, a fabless semiconductor product company, in an all-cash deal. "Intel acquired engineering resources from Ineda Systems, a silicon and platform services provider based in Hyderabad. This transaction provides Intel with an experienced system on chip team to help build...
Qualcomm Will Invest $150 million in India startups
San Diego-based Qualcomm is planning to invest $150M in startups in India. This investment will be directed by Qualcomm Ventures. The company said that this move is part of supporting Prime Minister Modi's vision "to transform India into a digitally empowered society and knowledge economy." Qualcomm already has investments in...
Big Shoe Bazaar secure venture funding from Qualcomm
San Diego, California based Qualcomm has backed an online e-commerce named, Big Shoe Bazaar India Pvt Ltd.. According to Big Shoe, it has raised $20 million in a Series C funding round, which was led by Fidelity Growth Partners India, and Qualcomm, via Qualcomm Ventures. Other investors in the startup...