Indian VCs look to ride the AI wave in 2024

OpenAI’s runaway success has spawned a slew of Indian startups keen to take a shot at generative AI. A fair amount of capital is being invested behind the latest buzzword—but it’s unclear what will stick.

This is the first part in our year-end Startup Special series for 2023. Read more about it here.

It’s no exaggeration to say that 2023 has been a year dominated by artificial intelligence. Ever since OpenAI launched ChatGPT at the end of 2022, businesses and venture funds alike have rushed to get a slice of the AI pie. 

More than 10 investors we spoke with say they have increased their focus on AI startups in India this year. Most of these businesses are built around using AI for things like customer support, audio-video design tools, boosting productivity and marketing.  …


Anuj Suvarna

Anuj covered all things startups and venture capital at The Morning Context. Previously, he worked at VCCircle, where he covered healthcare and private equity. Anuj studied mass communication at the Manipal Institute of Communication and before journalism, he operated a bar in Udupi.