Indian AI startups pitch for funds from venture capitalists in US: Anirudh Arun

Indian AI startups pitch for funds from venture capitalists in US: Anirudh Arun



More Indian startups in the artificial intelligence sector are raising funds from the US where investors have taken note of a good rate of return on investments and the Government of India’s drive to develop advanced technologies both for the domestic and international markets, an AI startup said.

“We are seeing an increasing number of Indian AI companies pitching for funds in San Francisco, where venture capitalists and equity investors have been closely monitoring the potential of innovations created in India,” said Anirudh Arun, CEO and Founder of Agentic Universe, a Bangalore-based AI company focused on banking, finance services and insurance (BFSI) products.

He has also called for more support from Indian venture capitalists, especially to help Indian startups raise funds and go global.

“Our applications are appreciated in the global markets, and investing in India also offers investors a good rate of return,” he highlighted.

Arun pointed out that the Indian government-initiated AI Mission, incentives, and campaigns like “Make for the World” strongly support innovations created in India for both large domestic and international markets.

Agentic Universe, among leading Indian startups working on AI applications, is expected to complete USD10 million second fund raising by end of this year for scaling its capacity.