
AIM Research’s analysis of the ‘Funding for AI Startup Landscape – India’ provides insights into key investment trends and insights into the startups that received significant funding. The report covers the overall funding landscape for AI startups in India, highlighting factors driving investor confidence and capital allocation. It also includes a detailed examination of funding distribution by geography, and investment stage, offering a comprehensive view of the evolving AI ecosystem.
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India’s AI startup ecosystem witnessed a notable rise in funding for AI startups in 2024, with total funding reaching around USD 780.5 million, an increase of around 39.9% from the previous year. This trend highlights an increase in the investor confidence in AI-driven solutions, propelled by rapid digital advancements across key industries such as BFSI, healthcare, telecommunications, and automotive.
Late-stage funding also witnessed a significant surge in the funding, as the funding reached USD 554 million, as investors shifted focus toward scalable, high-impact AI enterprises. Conversely, early-stage funding experienced a substantial 37% reduction, highlighting a shift towards an investment strategy that prioritizes startups with significant market viability.
Some of the AI startups that received substantial investments in 2024 included Kore.ai (USD 150 million), Atlan (USD 105 million), and Krutrim (USD 50 million), among others. Bengaluru maintained its position as the leading AI hub, securing a substantial funding in 2024, while Hyderabad’s AI ecosystem experienced substantial growth, driven by government initiatives such as the Telangana AI Mission (T-AIM).
The funding landscape for AI in India is expected to continue growing, bolstered by initiatives including the India AI Mission, which is anticipated to further establish the country as a prominent global hub for AI innovation.
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