India, March 30 -- Bajaj Finserv, the diversified financial services company of the Bajaj Group, is looking to aggressively expand its footprint in the AI space through a two-pronged investment approach.

Bajaj Finserv is planning to launch a dedicated private equity fund focused on AI ventures, which it says could be among the largest AI-focused alternative investment funds in India. At the same time, Bajaj Finserv will also invest directly in early-stage AI startups through its own balance sheet, according to an ET report.

Bajaj Finserv Chairman and MD Sanjiv Bajaj told the publication that the company expects to invest between Rs.400 Cr to Rs.450 Cr into AI-focused ventures in FY27, combining investments from the AI-focused fund and i...