India’s GenAI Boom: 140+ Startups Driving $1.5B+ Funding and $17B Market by 2030

Indian GenAI Startup Tracker: 140+ Startups Putting India On The Global AI Map

India stands as the third-largest startup ecosystem globally, making significant progress in generative AI (GenAI). Indian entrepreneurs are applying AI in various sectors—from disease detection to creating conversational platforms that mimic human interaction.

In 2024, the Indian government launched the IndiaAI mission to support the AI sector by increasing computing capacity, establishing dataset platforms, setting up innovation centres, funding startups, and developing AI skills. The electronics and IT ministry allocated INR 10,372 crore for this initiative and is acquiring 18,000 GPUs to strengthen AI computing infrastructure. This initiative also includes funding startups working on domestic foundational AI models and accelerator programs to encourage innovation.

Since 2020, more than 140 Indian AI startups have collectively raised over $1.5 billion. Leading companies such as SarvamAI and Krutrim focus on Indic large language models (LLMs), while others like ObserveAI, which raised $214 million, apply AI to enhance customer and operational support for businesses. This sector is expected to grow substantially, with the homegrown GenAI market projected to exceed $17 billion by 2030.

GenAI Startups Driving India's AI Growth

The following list showcases Indian GenAI startups ranked by total funding raised. These companies cover a wide range of AI applications and infrastructure, targeting multiple industries with a mix of early-stage and growth-stage funding.

• Eightfold AI (Delhi NCR, 2016): AI applications across industries, $391M raised.
• MathCo (Bengaluru, 2016): AI applications, $214M raised.
• Observe AI (Bengaluru, 2017): AI applications, $214M raised, known for enhancing customer service.
• Pixis (Bengaluru, 2020): AI applications, $209M raised.
• Qure AI (Mumbai, 2016): AI for healthcare, $125.2M raised.
• Ola Krutrim (Bengaluru, 2023): AI infrastructure, $74M raised.
• Jiffy AI (Bengaluru, 2018): AI applications, $71M raised.
• Video Verse (Mumbai, 2016): AI applications, $58.3M raised.
• InVideo (Mumbai, 2019): AI applications, $52.5M raised.
• Neuron7 (Bengaluru, 2020): AI applications, $44M raised.
• Sarvam AI (Bengaluru, 2023): AI infrastructure, $41M raised.
• Leena AI (Delhi NCR, 2018): AI applications, $40M raised.
• Atomicwork (Bengaluru, 2022): AI applications, $39M raised.
• Nanonets (Bengaluru, 2017): AI applications, $39M raised.
• Neysa AI (Mumbai, 2023): AI infrastructure, $30M raised.
• Avaamo (Los Altos, 2014): AI applications, $27.5M raised.
• Nurix AI (Bengaluru, 2024): AI applications, $27.5M raised.
• Entropik AI (Bengaluru, 2016): AI applications, $25M raised.
• Superops AI (Chennai, 2020): AI applications, $25M raised.
• PlayAI (Palo Alto, 2019): AI applications, $23.7M raised.

These startups cover various AI segments, including applications that enhance customer support, automate operational processes, and improve user experience. Many leverage AI for specific industries such as healthcare, finance, and consumer services.

This surge in AI entrepreneurship aligns with growing demands for AI skills and tools across roles like customer support, finance, human resources, IT and development, marketing, product development, sales, science, research, and writing.

How AI Skills Can Boost Your Career

Given the growth of AI startups and the increasing adoption of AI across industries, developing relevant AI skills is becoming essential. Whether you are in management, development, or creative roles, learning about AI applications and tools can improve efficiency and open new opportunities.

For those interested, Complete AI Training offers a rich selection of courses tailored to various job functions. These include training in AI tools for customer support, finance, marketing, and product development, helping professionals stay competitive in a tech-driven market.

Conclusion

India's AI ecosystem is steadily growing, backed by government support and strong investor interest. The diverse set of startups reflects a broad application of AI technologies, from infrastructure to specialized verticals. For professionals across sectors, understanding AI and its practical uses can bring significant advantages and prepare them for the future of work.

Staying updated on these startups and the evolving AI landscape can provide insights into emerging trends and opportunities. Explore learning platforms and keep an eye on new developments to remain ahead in your field.