AI mission startups face funding gap
The government’s ambitious plan to build sovereign AI models is running into a familiar hurdle: a shortage of private capital. While IndiaAI Mission-backed startup Sarvam recently raised $234 million at a $1.5 billion valuation, most other startups selected under the programme have attracted only a fraction of that amount.
Launched in 2024 with an outlay of Rs 10,000 crore, the IndiaAI Mission aims to support the development of indigenous foundational models through a combination of grants, subsidised compute and infrastructure support.
