Artificial intelligence (AI) has opened up new opportunities for Indian startups, and young entrepreneurs who have raised as little as $1–2 million are far ahead of well-funded startups from the US and Europe in terms of producing world-class products, according to Kunal Bahl, co-founder of Snapdeal and early-stage VC firm Titan Capital, who made this statement on Thursday.
According to Bahl’s post on X, they are seeing more Indian business founders who are concentrating on use cases driven by artificial intelligence.
They are “building products that are beating startups from US and Europe that have raised 100s of millions of dollars on the performance of their products” and have “raised only $1–2 million.”
Bahl claims that AI-driven use cases are helping entrepreneurs in nations where talent is more abundant but capital markets are less developed to level the playing field.
The entrepreneur-turned-investor remarked, “Very exciting era for a tech talent abundant ecosystem like India that is now confident about and ready to go global.”
An investment firm, WestBridge Capital, along with a renowned SaaS fund and accelerator, Upekkha, have released a research stating that Indian AI software-as-a-service (SaaS) businesses are ready for the next wave of innovation, contributing to the creation of 100 new AI unicorns.
In the meantime, Prime Minister Narendra Modi declared this week that India will dominate the world in artificial intelligence (AI) and that the country’s youthful inventors will be its main source of inspiration.
The Prime Minister urged the young startup founders at the “Viksit Bharat Startup Mahakumbh” in the capital to come up with ideas that will not only help India address its challenges and realize the vision of Viksit Bharat, but also improve the future of the entire globe.
In Developing AI Use Cases, Young Indian Founders Outperformed Wealthy International Startups: Bahl Kunal
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