Generative AI sector sees boom in startups, yet funding lags: NASSCOM Report

According to a recent report by NASSCOM, the number of startups in this space has expanded rapidly, growing 3.6 times from 66 at the start of 2023 to over 240 by mid-2024. However, despite this rise in numbers, funding for these startups has lagged behind.

Generative AI sector sees boom in startups, yet funding lags: NASSCOM Report
According to a recent report by NASSCOM, the number of startups in this space has expanded rapidly, growing 3.6 times from 66 at the start of 2023 to over 240 by mid-2024. However, despite this rise in numbers, funding for these startups has lagged behind.

What's Your Reaction?

like

dislike

love

funny

angry

sad

wow

FEDA-HQ The Federation of Economic Development Association of India (F.E.D.A) holds the distinction of being India's most venerable umbrella organization. F.E.D.A focused on promoting economic growth in India. Economic development professionals throughout the state, along with individuals and companies in related economic development fields, work together with the F.E.D.A Members and Board of Federation to help positively influence country legislation and industrial growth. With cutting edge policy research and advisory to National and State governments on trade issues. F.E.D.A is one of the leading non-profit organizations with established credentials for enhancing economic development.