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Tracxn data reported on 11 November shows Indian AI startups raised $1.6 billion across 81 rounds in January to September 2026, more than double last year, but deal counts fell 43 per cent and infrastructure firms took three-quarters of the money.
PhysicsWallah told analysts that AI now writes around 90 per cent of its code, and credited AI efficiencies for slightly lower headcount and faculty numbers in the second quarter of FY27. Profit doubled to Rs 142 crore on revenue of Rs 1,242 crore, while the offline business remains loss-making.
Senior officials say the central government wants departments in sectors such as defence and aerospace to use more AI built in India under the IndiaAI Mission, and may steer some away from non-Indian frontier models for critical applications. The details below are drawn from the primary source, with analysis labelled separately.
Pune healthcare AI company Froncort.AI has received $2.3 million from Google.org to scale mAI-NETRA, an offline, local-language tool that directs frontline health workers to high-risk areas. A Pune pilot screened far fewer people per confirmed TB case. The details below are drawn from the primary source, with analysis labelled separately.
Andhra Pradesh's cabinet has cleared a ten-year Robotics and Physical AI Policy, allotted about 25 acres at Bhogapuram to Reliance for a gigascale AI data centre and approved a Rs 570 crore Epack unit. Incentive details are yet to be published.
Indian startups raised about $290.55 million across 22 deals between 2 and 7 November, up roughly 69 per cent week on week. GIVA topped the list, while AI-linked rounds included PowerUp Money and Venomics AI. The details below are drawn from the primary source, with analysis labelled separately.
HSBC Global Research estimates that India's planned jump from roughly 1.5 GW to 6.5 GW of data-centre capacity will require about $105 billion of imported equipment, close to 2.5 per cent of GDP. Chips account for the bulk of it, and the bank urges a staggered expansion funded by foreign capital.
While the Nasdaq suffered its worst day since April 2025 and Asian chip stocks fell 6 to 7 per cent, Indian benchmarks extended a seven-session winning streak on 6 November with Infosys, TCS and HCLTech in focus as a services-led alternative to AI hardware. Brent's swing back towards $100 on Hormuz disruption remains the sector's main macro risk.
Sarvam AI has launched Sarvam Prism, a decision-making model distilled from its 105B base and built for structured, low-latency calls such as support routing, document triage and agent evaluation. The company reports a 44-millisecond average response on an Nvidia B200 and an 82.5 score on its Indian-language benchmark, with weights under Apache 2.0.
Bengaluru-based EloElo Group has raised $80 million in a Series C led by Hornbill Capital and NBCUniversal. The money will fund original content, international expansion and AI research for its Story TV microdrama app, in a round reported to value the company at $500 million.
India's IT ministry has released a draft framework for training AI models on sensitive datasets inside secure environments, with models vetted before deployment. Press reports say participation is voluntary for now, while legal experts warn the checks could evolve into a licensing regime.
At an event in New Delhi, the IndiaAI Mission unveiled three indigenous models built under its Innovation Centre pillar. Soket Labs' 26.3-billion-parameter EKA-1 supports English and all 22 scheduled languages, while ZenteiQ's compact Dhīr models are designed for secure, on-premise deployment and will be distributed through the AIKosh platform.
