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India's generative AI startup ecosystem experienced a remarkable six-fold increase in funding during Q2 FY25, according to a Nasscom report. This surge was primarily driven by investments in B2B platforms and productivity solutions, with total funding growing 3.4 times year-on-year. The quarter also marked a significant recovery from a slow Q1, with 20 funding rounds recorded.
The landscape of generative AI is rapidly evolving, prompting technology service providers to reassess their strategies and invest more in talent and technology. Early-stage investments dominated the funding rounds, accounting for 77 percent, with innovative startups like Nurix AI, Dashtoon, and Mihup leading the charge in transformative solutions. The focus has shifted towards creating scalable, production-ready applications that enhance productivity and customer engagement.
• India's GenAI funding surged six times in Q2 FY25.
• Early-stage investments accounted for 77% of all funding rounds.
Generative AI refers to algorithms that can generate new content, reshaping technology services.
B2B platforms facilitate business transactions between companies, driving investment in productivity solutions.
Agentic AI involves systems that can autonomously perform tasks, enhancing enterprise applications.
Nurix AI specializes in workflow management solutions, contributing to the growth of India's GenAI sector.
Dashtoon focuses on digital comic creation, showcasing innovative applications of generative AI.
Mihup provides conversational analytics for contact centers, enhancing customer engagement through AI.
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