Preeti
India’s AI startup ecosystem is growing, with a focus on generative AI and local language support. Despite funding constraints compared to the U.S. and Europe, Indian startups are innovating to solve local problems and enter global markets. Funding for AI startups in India dropped in 2023, but there is potential for growth in consumer applications and emerging markets.
Key Indian AI startups include Krutrim, Sarvam AI, Mad Street Den, Wysa, and Neysa Networks, each focusing on different aspects of AI technology. These startups are attracting investments from global and local investors, diversifying portfolios, and addressing data sovereignty concerns.
Emerging Indian AI startups to watch include Upliance AI, Scribble Data, Expertia AI, OnFinance, Helium, Soket Labs, Kissan AI, and Shorthills AI. These startups are leveraging AI for various applications, from home appliances to mental health services to agriculture, and are seeking funding to expand their market presence.
Lightspeed India and SEA have invested over $150 million in AI startups in the last 18 months, reflecting the growing interest and potential in the Indian AI market. With a focus on innovation, local solutions, and global expansion, Indian AI startups are poised for growth despite funding challenges.
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Source link: https://techcrunch.com/2024/06/30/here-are-indias-biggest-ai-startups-based-on-how-much-money-theyve-raised/
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