India’s Generative AI (GenAI) startup ecosystem saw a sixfold quarter-on-quarter increase during the second quarter of FY2025, a Nasscom report said.
This surge was marked by 20 funding rounds, showcasing a strong recovery after a sluggish Q1. Early-stage investments, including angel and seed funding, accounted for 77% of these rounds.
The report, ‘Generative AI Tracker: Tech Industry Activity in Q2FY2025’, underlined this funding rebound, particularly in enterprise applications and Agentic AI solutions. Total funding grew 3.4 times year-on-year.
Further, the report said India has solidified its global standing in the GenAI landscape, ranking sixth among major economies in the share of GenAI startup ecosystems.
Since the first half of 2024, startups like Nurix AI, Dashtoon, and Mihup have led transformative advancements in workflow management, digital comic creation, and conversational analytics for contact centres, the report said.
Additionally, the report highlighted a shift among technology providers from building use-case portfolios to converting active proofs of concept (PoCs) into production-ready solutions. Partnerships among providers increased by 25% quarter-on-quarter, focusing on product enhancements, joint go-to-market strategies, and government-led skilling initiatives.
Revenue pipelines also strengthened as active PoCs transitioned into realised production use cases, signalling a focus on scalability and enterprise impact.
Talent strategies in the GenAI space have evolved, transitioning from basic AI literacy to advanced and thematic upskilling. These efforts emphasise platform integration and Agentic AI capabilities, reflecting the sector’s push towards specialised skills to support scalable and impactful solutions.
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. Providers are reevaluating strategies and increasing investments in technology and talent. Q2FY2025 marked a key shift in India’s GenAI space, with funding focused on impactful applications that enhance productivity. Future success will rely on strategic innovations, pilot project results, and lessons learned along the way.”
Source: Financial Express
#healthcarestartup #startupfunding #dseide
This surge was marked by 20 funding rounds, showcasing a strong recovery after a sluggish Q1. Early-stage investments, including angel and seed funding, accounted for 77% of these rounds.
The report, ‘Generative AI Tracker: Tech Industry Activity in Q2FY2025’, underlined this funding rebound, particularly in enterprise applications and Agentic AI solutions. Total funding grew 3.4 times year-on-year.
Further, the report said India has solidified its global standing in the GenAI landscape, ranking sixth among major economies in the share of GenAI startup ecosystems.
Since the first half of 2024, startups like Nurix AI, Dashtoon, and Mihup have led transformative advancements in workflow management, digital comic creation, and conversational analytics for contact centres, the report said.
Additionally, the report highlighted a shift among technology providers from building use-case portfolios to converting active proofs of concept (PoCs) into production-ready solutions. Partnerships among providers increased by 25% quarter-on-quarter, focusing on product enhancements, joint go-to-market strategies, and government-led skilling initiatives.
Revenue pipelines also strengthened as active PoCs transitioned into realised production use cases, signalling a focus on scalability and enterprise impact.
Talent strategies in the GenAI space have evolved, transitioning from basic AI literacy to advanced and thematic upskilling. These efforts emphasise platform integration and Agentic AI capabilities, reflecting the sector’s push towards specialised skills to support scalable and impactful solutions.
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. Providers are reevaluating strategies and increasing investments in technology and talent. Q2FY2025 marked a key shift in India’s GenAI space, with funding focused on impactful applications that enhance productivity. Future success will rely on strategic innovations, pilot project results, and lessons learned along the way.”
Source: Financial Express
#healthcarestartup #startupfunding #dseide
India’s Generative AI (GenAI) startup ecosystem saw a sixfold quarter-on-quarter increase during the second quarter of FY2025, a Nasscom report said.
This surge was marked by 20 funding rounds, showcasing a strong recovery after a sluggish Q1. Early-stage investments, including angel and seed funding, accounted for 77% of these rounds.
The report, ‘Generative AI Tracker: Tech Industry Activity in Q2FY2025’, underlined this funding rebound, particularly in enterprise applications and Agentic AI solutions. Total funding grew 3.4 times year-on-year.
Further, the report said India has solidified its global standing in the GenAI landscape, ranking sixth among major economies in the share of GenAI startup ecosystems.
Since the first half of 2024, startups like Nurix AI, Dashtoon, and Mihup have led transformative advancements in workflow management, digital comic creation, and conversational analytics for contact centres, the report said.
Additionally, the report highlighted a shift among technology providers from building use-case portfolios to converting active proofs of concept (PoCs) into production-ready solutions. Partnerships among providers increased by 25% quarter-on-quarter, focusing on product enhancements, joint go-to-market strategies, and government-led skilling initiatives.
Revenue pipelines also strengthened as active PoCs transitioned into realised production use cases, signalling a focus on scalability and enterprise impact.
Talent strategies in the GenAI space have evolved, transitioning from basic AI literacy to advanced and thematic upskilling. These efforts emphasise platform integration and Agentic AI capabilities, reflecting the sector’s push towards specialised skills to support scalable and impactful solutions.
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. Providers are reevaluating strategies and increasing investments in technology and talent. Q2FY2025 marked a key shift in India’s GenAI space, with funding focused on impactful applications that enhance productivity. Future success will rely on strategic innovations, pilot project results, and lessons learned along the way.”
Source: Financial Express
#healthcarestartup #startupfunding #dseide
