Peak XV Partners ready to deploy Rs 16,000 crore for AI startups

Venture capital firm Peak XV Partners has about Rs 16,000 crore of “dry powder” ready for investment in AI startups, Rajan Anandan, managing director of the company said at the ongoing Global IndiaAI Summit on Thursday.

“There’s no shortage of capital. We just want more people starting up in AI. Just within Peak XV, we have over 25 AI investments that we’ve made over the last 1-1.5 years,” Anandan said.