The article also lists several Indian AI startups that have raised significant funding, including Krutrim, Sarvam AI, Mad Street Den, Wysa, and Neysa Networks. It also highlights emerging AI startups such as Upliance AI, Scribble Data, Expertia AI, OnFinance, Helium, Soket Labs, Kissan AI, and Shorthills AI. These startups are working on a range of AI applications, from language models and chatbots to AI solutions for enterprise customers and home appliances.
Key takeaways:
- India's AI startup ecosystem is growing, with many startups focusing on integrating local language support into their AI models to cater to the Indian market and beyond. However, funding for these startups has significantly dropped, with a nearly 80% decrease in 2023.
- Despite the funding challenges, Indian AI startups are attracting both local and global investors. Lightspeed India and SEA have invested over $150 million in AI, including new investments in existing AI-enabled startups.
- Some of the most funded Indian AI startups include Krutrim, Sarvam AI, Mad Street Den, Wysa, and Neysa Networks. These startups are working on various AI applications, from language models to AI solutions for enterprise customers.
- 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 bringing innovative AI solutions to various sectors, including home appliances, insurance, recruitment, banking, e-commerce, and agriculture.