Investors earmark ₹25,000 cr for AI
Financial Express Mumbai|March 20, 2024
VENTURE CAPITAL FIRMS such as Accel, Bessemer Venture Partners, BoldCap, IvyCap Ventures, and Indian Angel Network, are looking to double down on their investments in artificial intelligence (AI) startups, lining up an overall fund of nearly ₹25,000 crore over the next few years.
JATIN GROVER
Investors earmark ₹25,000 cr for AI

While the broader funds announced by some investors are sector agnostic, with a focus on specific areas such as AI for services, AI in vertical software, hyper-automation, domain-specific large language models (LLMs), and generative AI, most investors such as Accel and Bessemer, have a dedicated AI fund.

"We have a dedicated $1 billion fund for AI investments. Our focus is across categories - enterprises and general use cases," said Vatsalya Tandon, investor at Bessemer Venture Partners.

This story is from the March 20, 2024 edition of Financial Express Mumbai.

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