India, April 16 -- India's AI ecosystem faced its own set of challenges last month. While OpenAI dominated headlines with its staggering $122 Bn fundraise to build an AI superapp, the Indian ecosystem saw a cautious investor mood. 

As per Inc42's recent Indian Investor Ranking & Sentiment Survey Q1 2026, about 92% of the 70 institutional investors surveyed are taking a rather selective approach to their AI bets. 

As the Indian AI ecosystem matures, more investors are shifting their focus away from startups providing AI wrappers to entities building the broader infrastructure to power India's AI stack. 

This shift was clearly visible in investment trends this April. While Gnani.ai, a startup building a speech-to-speech LL...