We at @Analyticsindiam recently worked on the AI Startup Funding Report. Some of the top findings:
1) The Indian #AI and #Analytics start-up ecosystem received $ 1,108 Mn in funding at a growth rate of 32.5% on a Y-o-Y basis in 2021.
2) The growth in Conversational AI+NLP led start-ups were close to 250% from the previous year.
3) Five start-ups received funding above $50 Mn in 2021.
4) Supply Chain & Logistics, Customer Service, Digital Media, and Healthcare all had experienced considerable growth in their funding in 2021—the trend continues in 2022 as well.
5) Bangalore continued to be the favourite destination for start-up funding in India, with more than 60% share in the market. However, start-ups from tier 2 and tier 3 cities also saw considerable funding growth.
Why India should not miss out on cryptocurrency/Web 3 boat? (A thread)
Studying India's tech advancement for the last couple of years, I firmly believe that we have tremendous potential—not just in terms of talent but also infrastructure. And we have been able to prove our capabilities in most cases.
However, we have failed to grab several opportunities as well. The semiconductor revolution is a prime example. These kinds of industries need the heavy backing of federal governments from a monetary perspective as well as the creation of favourable policies.