India’s GenAI ecosystem has seen remarkable growth, with over 100 startups raising more than $600 million since 2019.
This surge is led by prominent names like Krutrim, India’s first AI unicorn, and SarvamAI, which focuses on Indic Large Language Models (LLMs). Additionally, ObserveAI has secured $214 million to enhance customer and operational support through AI.
Startups across various sectors, from Boat to BYJU’s, are leveraging GenAI technology to improve user experiences. Companies like Pixis, PlayHT, Vodex, Arrowhead, Kommunicate, RioGPT, VishalDub, Workhack, and NeuroPixel are driving innovation and positioning India as a significant player in the global AI landscape.
The GenAI market in India is poised for further expansion, with projections indicating it will exceed $17 billion by 2030. This rapid development underscores India’s growing influence and potential in the AI sector.
