New Delhi, March 21 (IANS) Artificial intelligence (AI) has opened new doors for Indian startups and young entrepreneurs who have raised just $1-2 million are way ahead of deep-pocketed startups from the US and Europe when it comes to creating world-class products, Kunal Bahl, Co-founder of Snapdeal and early-stage VC firm Titan Capital, said on Thursday.
In a post on X, Bahl said that they are increasingly witnessing startup founders in India focused on AI-led use cases.
They have “raised only $1-2 million” and are “building products that are beating startups from US and Europe that have raised 100s of millions of dollars on the performance of their products”.
According to Bahl, AI-led use cases are proving to be a great equaliser for startups in countries where the funding markets aren’t as deep but talent is.
“Very exciting era for a tech talent abundant ecosystem like India that is now confident about and ready to go global,” said the entrepreneur-turned-investor.
Indian AI software-as-a-service (SaaS) startups are poised for the next wave of innovation, helping create 100 new AI unicorns, according to a latest report by investment fund WestBridge Capital with Upekkha, a leading SaaS fund and accelerator.
Meanwhile, Prime Minister Narendra Modi said this week that India will become the world leader in AI with its young innovators emerging as a driving force to take the nation ahead.
Addressing the ‘Viksit Bharat Startup Mahakumbh’ in the Capital, the Prime Minister exhorted the young startup founders to find solutions that will not only help India solve its problems and achieve the goal of Viksit Bharat but also create a better future for the world.
–IANS
na/uk
Disclaimer
The information contained in this website is for general information purposes only. The information is provided by BhaskarLive.in and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.
In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.
Through this website you are able to link to other websites which are not under the control of BhaskarLive.in We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.
Every effort is made to keep the website up and running smoothly. However, BhaskarLive.in takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.
For any legal details or query please visit original source link given with news or click on Go to Source.
Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.
If you are not willing to accept this disclaimer then we recommend reading news post in its original language.
