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Between 2019 and Q3 2023, the Indian GenAI startup ecosystem witnessed significant growth, accumulating over $440 million in funding. This indicates a robust interest and investment in the intersection of genetics and artificial intelligence within India's entrepreneurial landscape. It's worth noting that a substantial 88% of these startups are currently in the Seed Stage of development, suggesting a burgeoning pipeline of innovative ideas being nurtured for future growth. Furthermore, the fact that 58% of these GenAI startups were founded in 2021 or later underscores the recent surge in entrepreneurial activity in this domain. This suggests that the sector is experiencing rapid evolution and attracting fresh talent and innovative ideas, potentially driven by advancements in AI technologies and growing recognition of the potential applications of genetics in various industries. In addition to this dynamic ecosystem, Bestvantage Investments stands out as a key player, having made strategic investment opportunities in startups like BookingJini, Aaiena, Jarvis AI and others operating within the same space. This indicates not only the attractiveness of the GenAI sector for investors but also the diversity and depth of innovative solutions being developed to address challenges and opportunities in GenerativeAI. #AI #artificialntelligence #startupsindia #innovative #technology #saasbased #sharktankindia

70% of Indian Startups Bet Big on AI to Power Growth As per a new survey released by Nasscom in collaboration with consulting firm Zinnov, as many as 70% of companies are investing in artificial intelligence (AI) to improve product capabilities and internal efficiencies. “In 2023, despite facing global economic and regulatory challenges, Indian tech startups have prioritised the imperative of enhancing their business fundamentals, driving profitability and growth,” said Nasscom president Debjani Ghosh. “Tier-II/III cities are transforming into new innovation hubs, decentralising the start-up landscape,” said Zinnov CEO Pari Natarajan, adding that India's tech startup ecosystem continues to grow at an impressive clip. “The ecosystem is likely to see improvement in funding, impending IPOs taking place, and innovation across disruptive technologies and key sectors,” the report noted. Startups saw $6 billion in equity funding last year and 72% of all funding was at the seed-stage, compared to 64% in 2022, the report said. About 46% of founders expect a better funding environment in 2024 and a significant portion of unfunded tech startups anticipate higher revenues in 2024 compared to funded ones, the report noted. ________________________________________________________________________ Explore India’s first-ever Startup Ecosystem that helps you bridge the gap between your ideas and reality- https://lnkd.in/gRdVf2gJ #startups #artificialintelligence #startupecosystem #india #business

India's AI ecosystem is poised for a significant boost with the government's allocation of ₹2000 crore towards supporting AI-related startups as part of the India AI Mission. Under this mission, a total of ₹10,372 crore has been approved by the Cabinet for a five-year period, signaling a robust commitment to fostering AI development in the country. 1️⃣ Mission in Motion: The India AI Mission aims to bolster the AI ecosystem in India, with a focus on supporting startups and facilitating innovation in emerging technologies. With a substantial allocation of funds, the mission is set to drive transformative changes across various sectors. 2️⃣ Startup Support: MeitY Startup Hub (MSH) is at the forefront of supporting startups through funding and incubation. Currently backing 143 incubators and centers of excellence (CoE) nationwide, MSH provides crucial funding support to startups at different stages of their journey. 3️⃣ Supercomputing Capacity: One of the key components of the India AI Mission is the provision of supercomputing capacity, including over 10,000 GPUs. This initiative will enable stakeholders to harness advanced computing power for AI-driven innovation, paving the way for groundbreaking developments. 4️⃣ Geographical Inclusivity: Recognizing the importance of fostering entrepreneurship beyond metropolitan areas, the government is committed to funding startups in smaller towns across India. This inclusive approach aims to unlock the potential of diverse regions and drive economic growth. 5️⃣ Collaborative Ecosystem: While the government plays a pivotal role in supporting startups, collaboration with the private investment community is essential. By working closely with investors, the government aims to stimulate domestic investment in Indian startups, ensuring sustainable growth and development. In conclusion, the India AI Mission's allocation of ₹2000 crore for AI-related startups signifies a significant milestone in India's journey towards becoming a global leader in AI innovation. With a focus on fostering entrepreneurship, driving innovation, and building a collaborative ecosystem, India is poised to unleash the full potential of its AI ecosystem. What are your thoughts on India's ambitious AI Mission and its impact on fostering innovation and entrepreneurship in the country? Share your insights with us! Ministry of Electronics and Information Technology #entrepreneurship #startup #business #entrepreneur #technology

TechCrunch has listed here #India's biggest AI startups who have recently received funding. A good list to watch . There are couple of insights in the article though : 1. Startup funding in India for the year 2023 was USD 113.4 Million ( reduction of 80 % compared to 2022, it was USD 554.7 Million then. ) 2. On the contrary the funding in US was USD 16.2 Billion in 2023, an increase of 211% compared to USD 5.2 Billion in the year 2022. 3. Majority of the funding was cornered by AI startups USD 13 Billion in the US, while USD 92 Million was invested in India. There are couple of conclusions one can draw from above datapoints : A. AI is hot potato today and VCs are not having enough of it . There is #fomo, a subsequent bubble that would eventually go bust, until the next buzz word. B. Investments in India despite of a large human resource pool have slowed down, & is going through a rough funding winter. Startup investment in India is ~ 1 % of what's invested in the US. C. More importantly US wants to maintain its lead in the AI tech space & not be dependent on other countries friendly or otherwise. https://lnkd.in/dRaHfMfq

In the thriving landscape of Indian startups, over 70% are harnessing the power of AI to enhance productivity and innovation. With the emergence of the new India, the tech startup ecosystem has surged to encompass over 31,000 ventures and counting. From revolutionizing healthcare to optimizing logistics, AI is reshaping industries across the nation. This exponential growth not only showcases India's entrepreneurial spirit but also underscores its commitment to technological advancement. As these startups continue to pave the way forward, they epitomize the mantra of #InnovationNation, driving progress and prosperity in the digital age. . . . . . . . . . . Join in Our Online Practical Training-10th-17th June 2024 Join in Our Offline Practical Training 24th-26th May 2024 . . . . #rsglobalexport #rajeevsaini #startup #trade #AI #ArtificialIntelligence

India, last year, ranked fifth in terms of investments poured into startups offering AI-based products and services, according to Stanford University’s Artificial Intelligence Index Report. With total investments of $3.34 billion in 2022, the country was ahead of Germany, South Korea, Canada and Australia. But there’s little effort to prove whether AI is the best way to solve a problem and if a defensible business could be built around it, writes Anuj Suvarna in our startup special series. This is unsurprising since the boom and bust of hype around new technology trends usually produce many poor businesses trying to cash in on the new thing. Tap on the link in the comments to read more. #startup #2024 #india #ai #investment

Did you know?? Despite a challenging funding environment in 2023, the Indian startup scene witnessed bright spots in certain sectors, according to a new report by Nasscom-Zinnov. Electric Vehicles Power Up Investment: The automotive tech sector revved its engine, attracting a significant funding surge. Investment in this area grew by 16% compared to 2022, with the share of total funding for automotive tech startups increasing a whopping 4.5 times. This trend is likely fueled by India's growing electric vehicle (EV) market, with mega-deals involving EV manufacturers playing a key role. The report highlights a 57% jump in mega-deal value since 2020, signifying investor confidence in the EV space. Logistics Gets a Boost: The supply chain and logistics sector also saw a rise in deal value, driven by investments in unicorns and near-unicorns. This positive development is potentially linked to the anticipated growth of the Open Network for Digital Commerce (ONDC) ecosystem. Investors seem to be betting on ONDC's ability to empower logistics startups. Focus on Fundamentals Pays Off: While funding may have tightened its grip, the report reveals a silver lining. Nearly 60% of startup founders reported an increase in revenue and profitability in 2023. This shift in focus towards strong business fundamentals bodes well for the long-term health of the Indian startup ecosystem. Generative AI Revs Up: The future looks bright with over 100 generative AI startups now active in India. These startups are developing innovative applications across various industries, showcasing the potential of this cutting-edge technology. The report paints a picture of a resilient Indian startup ecosystem, adapting to challenges and finding new avenues for growth. As investment patterns shift and new technologies emerge, the coming years promise exciting developments in the Indian tech landscape. Don't Let Funding Hold You Back. Get the Support You Need Today. Get personalized support to propel your startup to success. Contact us now.

The Indian AI startup ecosystem is experiencing significant growth and attracting substantial investment. According to nasscom's Generative AI Startup Landscape in India Report 2023, investors have already poured around $8 billion into AI startups from 2013 to 2022. In 2022 alone, $3.24 billion was invested across more than 1,900 Indian AI startups. This demonstrates the increasing interest and confidence in the potential of #AI technology in India. Read: https://ow.ly/ccSr50R5C77 Ankush Sabharwal, Founder & CEO, CoRover.ai; Harshal Shah, Co-Founder and CEO, Awarathon; Saurabh Gupta, Founder & CEO VeriSmart.ai; and Pravin Agarwala, Co-founder and Group CEO, BetterPlace Priya Kapoor. Features Editor, Entrepreneur India #IndianAI #AIStartups #Nasscom #TechInIndia #AIInvestment #StartupEcosystem #ArtificialIntelligence #TechInvestment #InnovationInIndia #FutureTech

The AI initiative in India aims to offer financial backing and assistance to deep tech startups, as per specialists. The government's initiative towards deep tech startups, through the recently launched India AI mission, is seen as a positive step by industry experts in fostering a favourable investment climate. This mission, aimed at accelerating research and development (R&D) in these startups, is anticipated to enhance innovation and cultivate new business models within the sector. With a budget allocation of Rs 10,372 crore over five years, the India AI Mission, approved by the Union Cabinet, dedicates nearly Rs 2,000 crore to finance deep-tech startups, specifically focusing on expediting R&D in these ventures. The move is welcomed as it addresses a significant hurdle faced by deep tech startups in India, namely, the lack of adequate financial support, which has hindered innovation. Avi Dahiya, founder and CEO of Twyn, a deep tech enterprise SaaS startup, highlights the challenges faced by such startups due to the intricate nature of their projects, prolonged development cycles, and perceived risks, leading to repeated rejections. Currently, there are approximately 3,000 deep tech startups in India, but less than 20% have managed to secure sufficient financial backing. While the allocated Rs 2,000 crore is considered a positive step in building a conducive investment environment, industry stakeholders emphasise the need for clarity in regulations and data sharing policies to further attract investors. The India AI Mission is expected to encourage new corporate social responsibility initiatives to support deep tech startup R&D through technology business incubators (TBIs) and government-supported incubators. Additionally, the mission's emphasis on accelerating R&D in deep tech AI startups is anticipated to create more opportunities and foster the development of new business models, making R&D a necessity for competitiveness across sectors. . . . #socialmediamarketing #post #reels #trading #forextrading #tradingnews #livenews #newslive #liverpoolnews #startiyapa #official #reelsviral #viralreels #news #newsong #newseason #newstyle #newsingle #sneakernews