India strengthens GenAI startup market, funding up over threefold: Nasscom

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India strengthens GenAI startup market, funding up over threefold: Nasscom - Business Standard

Quick Summary:

Sangeeta Gupta, senior vice president and chief strategy officer at Nasscom, said: “The generative AI landscape is evolving rapidly, reshaping technology service providers and unlocking new capabilities.

India has strengthened its position in the global generative artificial intelligence (GenAI) landscape, ranking sixth among major economies in the share of GenAI startup ecosystems.

After significant activity in building use case portfolios, product integrations, and GenAI platforms, providers are now prioritising the conversion of active proofs of concept (PoCs) into production.