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Antler India plans to allocate 30-40% of its investments in AI startups for 2024, reflecting a strategic shift in focus. The venture capital firm aims to support over 6,000 early-stage startups by 2030, emphasizing the importance of identifying genuine market needs. Rajiv Srivatsa, a partner at Antler India, highlights the need for founders to avoid superficial AI applications and instead focus on sustainable differentiation.
The firm has already backed 62 startups and is keen on investing in more vertically integrated applications that leverage deep personalization through AI. Notable investments include Plotch.ai, Figr, Segwise, and Kusho, showcasing a commitment to innovative solutions. The emphasis on understanding customer needs over merely applying AI technology is crucial for long-term success.
• Antler India aims for 30-40% of investments in AI startups in 2024.
• AI startups globally raised $50 billion in 2023, indicating market growth.
The article discusses the significant funding and growth of AI startups, particularly in India.
Antler India is focusing on vertically integrated apps to enhance market competitiveness.
The article highlights the trend of leveraging deep personalization to create competitive advantages in AI applications.
Antler India is focusing on AI investments and aims to support a large number of startups by 2030.
It is one of the key investments made by Antler India in the AI sector.
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