Summary
- The Indo-Israeli tech corridor is experiencing its most active period yet, driven by a new wave of Indian corporate consolidation and government-backed "Innovation Bridges."
- EZRA International Group (formerly Reliance Global) has pivoted entirely to acquiring controlling stakes in Israeli deep-tech firms — completing two deals in January 2026 alone.
- The $40 million India-Israel Industrial R&D Fund (I4F) has opened its 2026 call, targeting Smart Mobility, autonomous vehicles, and EV battery technology.
- The Adani Group is building technology-led infrastructure ecosystems with Israeli partners in semiconductors and defence manufacturing.
Israeli startup acquisitions by Indian entities
The most significant recent move comes from Reliance Global Group, which has rebranded and restructured around a single thesis: acquiring Israeli deep-tech companies and scaling them through Indian market access.
On January 7, 2026, Reliance Global (NASDAQ: RELI) signed a term sheet to acquire a majority stake in Scentech, an Israeli AI diagnostic startup. Scentech uses breath-analysis technology to detect molecular signatures of diseases such as pancreatic cancer — a breakthrough application at the intersection of AI and MedTech.
This acquisition marked the first major deal under the company's newly established EZRA International Group division, which is specifically mandated to acquire controlling stakes in Israeli high-tech firms across Cybersecurity, AI, and MedTech. Signalling a permanent strategic pivot, Reliance changed its NASDAQ ticker symbol to "EZRA" on January 22, 2026.
Just days later, on January 26, EZRA announced the acquisition of Enquantum, an Israeli post-quantum cybersecurity company — reinforcing the group's appetite for frontier technologies with clear defence and enterprise applications.
Cross-border investment & government-backed funding
Beyond corporate M&A, institutionalised cross-border funding is accelerating. The India-Israel Industrial R&D and Technological Innovation Fund (I4F) — a $40 million joint initiative between the Indian and Israeli governments — officially opened its 2026 Strategic Call on January 5, 2026.
- Focus: Smart Mobility — autonomous vehicles, EV battery technology, and smart aviation.
- Funding: Up to $5 million per project for joint R&D ventures between Indian and Israeli companies.
At the World Economic Forum in Davos on January 20, 2026, the Adani Group outlined a massive investment blueprint centred on "integrated technology-led infrastructure." While the group already operates Haifa Port, its latest commitments signal a shift toward building full ecosystems in Semiconductors and Defence Manufacturing — areas where it is actively partnering with Israeli technology providers to support India's "Make in India" initiative.
Recent tech corridor activity
| Type | Indian Entity | Israeli Entity | Date | Key Sector |
|---|---|---|---|---|
| Acquisition | Reliance Global (EZRA) | Scentech | Jan 7, 2026 | AI Health-Diagnostics |
| Acquisition | Reliance Global (EZRA) | Enquantum | Jan 26, 2026 | Post-Quantum Cyber |
| Joint Funding | Govt. of India (I4F) | Various Startups | March 2026 | Smart Mobility / EVs |
| Strategic Dev | Adani Group | Haifa / Tech Partners | Jan 2026 | Semiconductors & Defence |
Bottom line
The Israel–India corridor is no longer a niche play — it is becoming a primary axis for cross-border deep-tech integration. With EZRA building a portfolio of Israeli acquisitions, the I4F deploying government-backed capital into joint ventures, and Adani anchoring technology-led infrastructure with Israeli partners, the structural foundations for sustained deal flow are firmly in place.
For Israeli founders and investors, the signal is clear: Indian capital is not just buying products — it is buying capabilities, IP, and long-term strategic positioning. The window for partnership and exit opportunities in this corridor is widening fast.