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India needs more AI startups: Peak XV Partnersā€™ Harshjit Sethi

Economic TimesEconomic Times Ā· 1m
India needs more AI startups: Peak XV Partnersā€™ Harshjit Sethi

The Indian AI startup ecosystem needs more companies building AI solutions not only for India but also for the global market, according to Harshjit Sethi, the managing director at Peak XV Partners. Despite the talent pool in India, many skilled individuals are building AI ventures in the West. Peak XV Partners has invested in AI startups and their accelerator program, Surge, recently selected 14 startups focusing on AI, finance, consumer sectors, and healthcare. While AI tools provide numerous opportunities, challenges remain in organizing data effectively and ensuring proper use of models. Indian family offices have also been investing in AI-focused companies, with investments growing year-on-year.

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