G E N A I S T A R T U P L A N D S C A P E - I N D I A | 5
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The global Gen AI market is
projected to grow from USD
39.2 billion in 2023 to USD
1082.4 billion by 2033. The
market is anticipated to
expand at a CAGR of 40.22%
from 2024 to 2033.
There are over 150 Gen AI
startups currently operating
in India.
51.4% of India’s Gen AI
startups are based in
Bengaluru, positioning the
city as a leading hub for
Gen AI startups in the
country.
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KEY HIGHLIGHTS
In 2024, Krutrim AI raised
USD 50 million in funding.
54.0% of AI startups
obtained funding in their
seed round.
Gen AI startups such as
Krutrim AI, Sarvam AI, EMA,
NeysaNetworks, Raga AI
have all received
substantial funding in 2024.
RESEARCH