India strengthens GenAI startup market, funding up over threefold: Nasscom

India has strengthened its position in the global generative artificial intelligence (GenAI) landscape, ranking sixth among major economies in the share of GenAI startup ecosystems. India’s GenAI funding rose sixfold quarter-on-quarter in the second quarter of FY25, according to a report.

Indian GenAI startups raised $51 million in Q2 FY25, up from $8 million in Q1 FY25, stated a report by Nasscom.