Tuesday, 24 December, 2024

Venture Capitalists Increase Investments in Indian AI Application Startups Despite Funding Decline

Venture capitalists are intensifying investments in Indian AI application startups, focusing on vertical AI solutions, despite a 26% decline in overall funding to $747 million in 2024. The number of deals rose from 78 in 2023 to 121 in 2024, indicating sustained investor interest. Many startups are targeting U.S. markets, aligning with trends in enterprise software development. Challenges persist in foundational AI model development due to resource constraints.