The average fundraise for the top 20 startups stood at $195 million in CY25.
'I told myself, I will be 23 next year. Why can't I be a billionaire too?'
Venture capital (VC) and private equity (PE) funding for Indian startups in the artificial intelligence sector has seen a dramatic decrease with deal sizes shrinking, notwithstanding the buzz around the country's potential as a major AI hub. Data from research agency Traxcn, which tracks PE/VC investments, shows that total funding for AI startups in India, which started with a bang in 2022 at $599 million, dropped sharply in 2023 to $168.4 million - a decrease of over 71 per cent.
Kunal Shah has funded over 266 startups including Razorpay, Snapdeal, Zetwork, BlueSmart, Unacademy, Bliss Club, and Spinny, amongst others.
Umesh Sachdev's startup produces software allows people to interact with their phones in local languages.
John Chambers, executive chairman of Cisco, can talk about new age technology, artificial intelligence and crickets - insects being used as super food - all in the same breath.
According to sources, Chambers has led the $5-million funding round via his investment firm JC2 Ventures
$47.6 bn capital invested across 921 deals in India in 2020, despite pandemic.
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