VCs bullish on AI startups in India despite a fall in funding

Venture capital investors are bullish on application-layer artificial intelligence (AI) startups in India despite an overall fall in funding amount for companies in the sector this year. According to data from Venture Intelligence, Indian AI startups raised $747 million in 2024, down 26% from last year but the number of deals in the space increased to 121 from 78 in 2023.