India’s GenAI startups surge 3.6x in a year: NASSCOM

The number of Generative AI (GenAI) startups in India surged 3.6 times, growing from over 66 in the first half of 2023 to more than 240 by the same period in 2024, according to a NASSCOM report.

This rapid growth has been driven by the launch of 17 native GenAI language models and a significant rise in startups offering GenAI assistants, which now account for nearly 80% of newly added startups over the past year.