India, Nov. 5 -- Nvidia Corp. has joined Indian and US investors backing deeptech startups in the country that's home to the world's largest internet population outside of China.

The India Deep Tech Alliance has added new investors-including Qualcomm Ventures, Activate AI, InfoEdge Ventures, Chirate Ventures and Kalaari Capital-to raise as much as $850 million. Nvidia joins them as a founding member to provide technical guidance, training and policy input to help Indian deep-tech startups adopt its AI and computing tools.

Launched in September with a $1-billion fund, the India Deep Tech Alliance aims to address chronic underfunding of research-driven startups in sectors such as space, semiconductors, AI and robotics. The govt too has la...