About Artificial Intelligence sector in India
The Artificial Intelligence sector in India comprises 3.59K companies, including 651 funded companies having collectively raised $7.29B in venture capital money and private equity. Out of these, 143 are Series A+ funded, and 9 have achieved unicorn status.
Artificial Intelligence sector in India has seen 41 acquisitions and 4 IPOs.
This sector includes companies whose core products or offerings are (a) built around AI, making it essential for their operation, and (b) incorporate proprietary AI or machine learning technology.
Artificial Intelligence sector is also known as Artificial Intelligence Solutions, Advanced Artificial Intelligence or Digital Artificial Intelligence.
Includes companies that develop core AI infrastructure, platforms for deploying and managing AI systems, and AI development tools. It also encompasses companies creating core AI-powered applications for consumers, enterprises, and a wide range of industry sectors. Companies are included only if AI is central to their products or services, rather than serving as a secondary feature. Exclude those companies whose primary business domain or revenue generation is not fundamentally dependent on AI. It also excludes businesses where AI functions merely as one of several features or components within a broader product or service. Additionally, companies that primarily provide AI services, consulting, or AI-enabled solutions built upon third-party or non-proprietary technologies, rather than developing native AI systems in-house, are not considered AI-native.
Top Artificial Intelligence Companies in India
There are 3,590 Artificial Intelligence startups in India which include Innovaccer, Sarvam, Emergent, Qure.ai, 73 Strings. Out of these, 651 startups are funded, with 143 having secured Series A+ funding, and 9 achieving unicorn status.
2026 has seen the creation of 469 Artificial Intelligence startups in India. Over the past 10 years, an average of 294 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Delhi, IIT Bombay and BITS Pilani.
Here is the list of top Artificial Intelligence startups in India
1. Innovaccer
Developer of an autonomous healthcare operations platform that integrates data, insights, and AI agents to streamline clinical and administrative workflows. The platform unifies disparate data sources to provide actionable intelligence, enabling healthcare organizations to automate tasks such as prior authorization, coding, care management, and patient outreach. By deploying autonomous agents across clinical and administrative functions, the system helps providers and payers improve operational efficiency, close care gaps, and enhance patient outcomes through a unified, data-driven infrastructure.
Key facts about Innovaccer
- Founded Year: 2014
- Location: San Francisco (United States)
- Stage: Series F
- Total Funding till date: $675M
- Investors: WestBridge Capital, Mubadala and 36 Others
- Latest Funding Round: Series F, Jan 09, 2025, $*****
- Tracxn Score: 78/100 What is this?
- Competitors Rank: 3 of 1,343 Competitors
2. Sarvam
Developer of a full-stack generative AI platform designed to build sovereign AI ecosystems for enterprises and governments. The platform provides sovereign models that understand cultural and linguistic diversity, enabling the creation of AI agents and applications tailored for specific needs. It offers infrastructure for serving models efficiently, including voice agents, speech-to-text, text-to-speech, and document digitisation capabilities. The technology supports enterprise workflows through secure, scalable, and compliant deployment options, allowing organizations to integrate advanced language processing into their products and services.
Key facts about Sarvam
- Founded Year: 2023
- Location: Bengaluru (India)
- Stage: Series B
- Total Funding till date: $387M
- Investors: Lightspeed Venture Partners, Avvanti Advisors and 31 Others
- Latest Funding Round: Series B, Aug 04, 2026, $*****
- Tracxn Score: 76/100 What is this?
- Competitors Rank: 5 of 346 Competitors
3. Emergent
Developer of platforms that build full-stack applications using AI. The system transforms natural language prompts into production-ready software through a coordinated team of specialized agents. These virtual specialists manage the architecture, database design, backend infrastructure, and frontend development. The platform automates testing and deployment, providing users with functional applications and full ownership of the resulting codebase via source control integration.
Key facts about Emergent
- Founded Year: 2024
- Location: San Francisco (United States)
- Stage: Series C
- Total Funding till date: $230M
- Investors: SoftBank Vision Fund, Lightspeed Venture Partners and 13 Others
- Latest Funding Round: Series C, Jul 15, 2026, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 8 of 1,151 Competitors
4. Qure.ai
Developer of artificial intelligence software for medical imaging diagnostic analysis. This technology integrates with existing radiology hardware to identify abnormalities in chest scans. The software assists clinicians in detecting lung nodules, tuberculosis, and signs of stroke. It provides automated reporting and workflow coordination tools to support diagnostic decision-making processes. The platform facilitates the management of patient care pathways by flagging findings for review.
Key facts about Qure.ai
- Founded Year: 2016
- Location: Mumbai (India)
- Stage: Series D
- Total Funding till date: $123M
- Investors: HealthQuad, 360 One and 49 Others
- Latest Funding Round: Grant (prize money), Jan 22, 2026, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 1 of 732 Competitors
5. 73 Strings
Provider of software for valuation and monitoring of illiquid assets. This technology platform extracts data from structured and unstructured sources to support financial analysis. It automates workflows for portfolio management, enabling the calculation of asset values and the tracking of performance metrics. The system integrates data management processes to assist in the assessment of equity, credit, and infrastructure investments.
Key facts about 73 Strings
- Founded Year: 2019
- Location: Paris (France)
- Stage: Series B
- Total Funding till date: $65M
- Investors: Goldman Sachs, Blackstone and 6 Others
- Latest Funding Round: Series B, Feb 19, 2025, $*****
- Tracxn Score: 72/100 What is this?
- Competitors Rank: 1 of 155 Competitors
Companies founded year-on-year in the Artificial Intelligence sector in India
469 new startups have been founded so far in 2026 in the Artificial Intelligence sector in India. 727 Artificial Intelligence startups in India were founded in 2025 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 469 |
2025 | 727 |
2024 | 512 |
2023 | 425 |
2022 | 209 |
2021 | 162 |
2020 | 133 |
2019 | 134 |
2018 | 96 |
2017 | 75 |
Stage-wise distribution of Artificial Intelligence sector companies in India
Out of the total 3,590 Artificial Intelligence companies in India, 651 have secured funding. Among them, 143 have reached Series A or higher, and 79 to Series B or beyond.
Founded - 3,590
Funded - 651
Series A+ - 143
Series B+ - 79
Series C+ - 56
Company Stage | No. of companies |
|---|---|
Founded | 3,590 |
Funded | 651 |
Series A+ | 143 |
Series B+ | 79 |
Series C+ | 56 |
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Funding Trends in the Artificial Intelligence sector in India
Total funding year-on-year in the Artificial Intelligence sector in India
The Artificial Intelligence sector in India saw a total funding of more than $7.2B in the last 10 years. The most amount of funding has been in 2026 at more than $1.67B till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $1.67B |
2025 | $1.37B |
2024 | $1.07B |
2023 | $417M |
2022 | $917M |
2021 | $997M |
2020 | $352M |
2019 | $218M |
2018 | $160M |
2017 | $32.6M |
Recent Funding Rounds in Artificial Intelligence in India
In the year 2026, till October 2026, Artificial Intelligence companies in India have raised $1.66B in equity funding across 94 rounds.
In the same period last year (i.e. till October 2025), Artificial Intelligence companies in India had raised $971M across 160 rounds.
So, 2026 has seen a 70.45% rise in funding in Artificial Intelligence companies in India as compared to 2025.
Here are some recent, important funding rounds in Artificial Intelligence companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 7024 | Oct 28, 2026 | ||
Series B | 9833 | Oct 27, 2026 | ||
Seed | 1171 | Oct 22, 2026 | and 4 more | |
Series B | 6578 | Oct 20, 2026 | ||
Series A | 7089 | Oct 19, 2026 | and 8 more |
Top Investors in Artificial Intelligence in India
Accel is the top investor in Artificial Intelligence companies in India based on number of companies invested.
Here are some top investors in Artificial Intelligence companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Palo Alto (United States) | ||
Menlo Park (United States) | ||
Cambridge (United States) | ||
Redwood City (United States) | ||
Menlo Park (United States) |
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M&A activity in Artificial Intelligence sector in India
In the year 2026, till October 2026, 9 acquisitions happened in Artificial Intelligence sector in India. Last year, in 2025, a total of 8 acquisitions happened in Artificial Intelligence sector in India.
Here are some recent, important acquisitions in Artificial Intelligence sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Oct 27, 2026 | ||
Business Acquisition | Aug 24, 2026 | ||
Business Acquisition | Jul 09, 2026 | ||
Business Acquisition | Jun 2026 | ||
Acqui-Hired | Apr 08, 2026 |
Acquisition trends in Artificial Intelligence sector in India
Here are the acquisition trends in Artificial Intelligence sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 9 |
2025 | 8 |
2024 | 4 |
2023 | 5 |
2022 | 5 |
2021 | 3 |
2020 | - |
2019 | 7 |
2018 | - |
2017 | - |
IPOs in Artificial Intelligence in India
In the year 2026, till October 2026, 1 IPO happened in Artificial Intelligence sector in India.
Here are some recent, important IPOs in Artificial Intelligence sector in India:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Oct 13, 2026 | Canadian Securities Exchange (CSE) | |
May 15, 2018 | National Stock Exchange (NSE) |
Colleges which produce the most Artificial Intelligence companies in India
Companies founded by alumni from top colleges in the Artificial Intelligence in India
Most number of Artificial Intelligence startups in India have been founded by alumni from IIT Delhi, IIT Bombay and BITS Pilani.
College | No. of companies |
|---|---|
IIT Delhi | 111 |
IIT Bombay | 101 |
BITS Pilani | 84 |
IIT Kharagpur | 74 |
IIT Kanpur | 60 |
IIT Madras | 40 |
Indian School of Business | 40 |
IIM Ahmedabad | 33 |
IIM Bangalore | 31 |
IIT Roorkee | 26 |
Total funding in Artificial Intelligence companies founded by alumni from top colleges in India
In the last 10 years, IIT Delhi graduates' Artificial Intelligence companies in India have raised the most funding among top colleges. IIT Bombay alumni are second, and IIT Kharagpur alumni are third.
College | Total Funding |
|---|---|
IIT Delhi | $1.4B |
IIT Bombay | $1.2B |
IIT Kharagpur | $965M |
IIM Ahmedabad | $586M |
Stanford University | $494M |
University of California (Berkeley) | $408M |
ETH Zurich | $399M |
Carnegie Mellon University | $396M |
BITS Pilani | $368M |
Columbia University | $317M |
Top News in Artificial Intelligence in India
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Jio Haptik Launches SOLO in the UAE to Support AI-Powered EntrepreneurshipBusiness Wire•Oct 29, 2026•Jio Haptik
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Jio Haptik Unveils SOLO, an AI Growth Team for India's Solopreneurs and Small BusinessesBusinessnewsthisweek•Jul 07, 2026•Jio Haptik
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Movate and Leena AI Partner to Advance AI-Led Employee ExperienceMedia Bulletins•Jun 02, 2026•Movate, Leena AI
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Qure.ai Earns FDA OK for 6 New AI Chest X-ray IndicationsMedical Product Outsourcing•Feb 26, 2026•Qure.ai
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Former Haptik Co-founder Launches AI-Focussed VC Fund ActivateViestories•Dec 04, 2025•Jio Haptik, Together
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