New Delhi, May 28 -- Bajaj Finserv and other Bajaj Group companies will invest Rs.1,500 crore- Rs.2,000 crore in AI innovation startups over the next five years to bridge the gap in private sector funding of research in India.

The programme will prioritize early-stage companies, from seed to Series B stage funding, with strong scalability potential across AI, cybersecurity, quantum technology, fintech and consumer technology platforms, Bajaj Finserv, the holding company for the group's financial services, said on Thursday. The planned investment will be managed by a dedicated team.

The company also announced the launch of Finserv Intelligence, a group-wide strategic initiative in applied research and innovation "focussed on high-tech, l...