The AI-ceberg of innovations: Meet AI-first startups shaping India's tech future
Since then, a new generation of AI-driven software-as-a-service (SaaS) and AI tooling companies have been emerging and gaining traction, boosting prospects at the world’s third-biggest start-up ecosystem. And going forward, this is also something that should draw large financial commitments when a grim funding winter recedes.
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Offering CollegeCourseWebsiteIndian School of BusinessISB Product ManagementVisitIndian School of BusinessISB Digital TransformationVisitMITMIT Technology Leadership and InnovationVisitIt is natural, therefore, that investors are bullish on AI, even as other technology areas of unproven commercial prospects struggle for financing. While the Indian AI startup ecosystem is at a nascent stage right now, venture capitalists are sure it is poised for growth in several areas, which could even have a global impact. A new generation of Indian AI-first or AI-native startups could be catering to the world in the coming years.
“In India, it is a very exciting time, but it’s still early,” said Rajan Anandan, managing director of venture capital firm PeakXV Partners and seed platform Surge.
“Despite all the conversation and the fair bit of funding, I’d say we are still on Day 1 of AI innovation globally and also in India.”
He added that two years from now, India could have hundreds of globalfocused AI companies, growing very fast and with very compelling value propositions. “The opportunity is enormous,” he said.
The year gone by also saw the release of several ‘AI for India’ large language models, whether it is Ola founder Bhavish Aggarwal-backed Krutrim AI’s Krutrim model that understands 10 Indian languages, or Sarvam AI’s OpenHathi Hindi model.
