Indian GenAI Startup Funding Witnessed 6 Times Surge During July-September Period: Nasscom Report
Indian GenAI startup witnessed six times surged during the July-September 2024 period, according to a report by Nasscom.
New Delhi, November 25: Ranked sixth among major economies in the share of generative AI (GenAI) startup ecosystems, India saw a six-times surge in investments in the sphere of GenAI (quarter-on-quarter) in the July-September period, a Nasscom report said on Monday. The investments were fuelled primarily by B2B platforms and productivity solutions.
Total funding grew 3.4 times year-on-year, led by investments in enterprise applications and Agentic AI. Funding activity gained significant momentum in Q2 FY25, with a record 20 funding rounds, marking a strong recovery after a sluggish Q1. 슬롯사이트œThe generative AI landscape is evolving rapidly, reshaping technology service providers and unlocking new capabilities. Providers are reevaluating strategies and increasing investments in technology and talent,슬롯사이트� said Sangeeta Gupta, SVP and Chief Strategy Officer at Nasscom.슬롯 머신 사이트 추천Apple Antitrust Case India: Tech Giant Accused of Exploiting Dominant Position for App Stores on Its iOS, Denied Request To Hold Investigation by CCI.
Early-stage investments accounted for 77 per cent of all rounds, including angel and seed funding. Since the first half of 2024, innovative startups such as Nurix AI, Dashtoon, and Mihup have led the way with transformative solutions in workflow management, digital comic creation, and conversational analytics for contact centres. 슬롯사이트œProviders shifted from building use case portfolios to converting active PoCs into production-ready solutions.
Partnerships surged by 25 per cent (on-quarter), focusing on product enhancements, joint go-to-market strategies, and government-led skilling initiatives,슬롯사이트� according to the report. Talent strategies transitioned from basic AI literacy to advanced and thematic upskilling, emphasizing platform integration and agentic AI capabilities. 슬롯사이트œThe increasing maturity of the Indian GenAI ecosystem reflects its transition from exploratory use cases to scalable, production-ready solutions.슬롯 머신 사이트 추천India Will Likely See 7.1% Employment Growth Rate in 2nd Half of FY25: Report.
This growth is fuelled by improving funding inflows, rising revenue realizations, and expanding applications in enterprise productivity and customer engagement,슬롯사이트� the report mentioned. 슬롯사이트œQ2 marked a key shift in India슬롯사이트™s GenAI space, with funding focused on impactful applications that enhance productivity. Future success will rely on strategic innovations, pilot project results, and lessons learned along the way,슬롯사이트� said Gupta.
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