Info Edge bets big on AI, Deeptech, invests Rs 1,003 cr in 54 startups since 2020, portfolio now at Rs 41,300 cr
New Delhi, June 22 -- Info Edge (India) has said that Artificial Intelligence (AI), Deeptech and Consumer Technology are expected to drive future value creation, with the company having invested Rs 1,003 crore in 54 AI and deeptech startups since 2020, many of them before the global AI investment wave gained momentum.
In a letter to shareholders on Monday, the company said it began investing in AI and deeptech around 2020, well ahead of the broader market trend, backing startups across enterprise AI, robotics, semiconductors, spacetech, biotech and electric mobility.
The company said it prefers to invest in companies domiciled in India and led by Indian founders, whether they are building for domestic or global markets.
The letter stat...
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