GenAI start-up funding up 6x at $51 mn in Q2

BENGALURU: Generative Artificial Intelligence (GenAI) landscape in India has been witnessing broad-based growth, as in Q2FY25 alone, the country’s GenAI start-up funding saw 6x rise q-o-q at about $51 million compared to $8 million in the previous quarter.

The funding revival in Q2FY25 was led by applications and services. According to Nasscom Generative AI Tracker Q2FY2025, over 90% of GenAI funding in the second quarter went to three start-ups- Nurix AI ($27.5 mn), Dashtoon ($12.8 mn) and Mihup ($6 mn).