The Indian economy is rapidly evolving with digital advancements transforming various sectors. Among the most notable developments is the rise of AI-driven businesses, enhancing technological expertise and improving the quality of life.
According to a joint report by NASSCOM and BCG, India¡¯s artificial intelligence market is projected to reach $17 billion by 2027, growing at an impressive CAGR of 25-35% between 2024 and 2027. With AI revolutionising industries like healthcare, education, logistics, and management, thousands of AI startups have emerged in India in recent years.
Here¡¯s a look at some of the most influential AI startup founders who are leading the charge in this exciting sector.
Flipkart co-founder Binny Bansal has ventured into the AI-driven business landscape with Opptra, a startup focused on building franchise business portfolios. Opptra leverages artificial intelligence to optimise market strategies, brand building, and supply chain management.
Bansal believes that AI-led localisation and data analytics are key differentiators in the competitive global market. Opptra aims to bridge gaps between brands and new markets, particularly in Asia, using a combination of cutting-edge AI, market insights, and automation. With a smart logistics and robotics-integrated supply chain, Opptra is redefining how brands expand worldwide.
An IIM Ahmedabad alumnus, Sandeep Deshmukh founded ElasticRun in 2016, a B2B platform that connects FMCG and grocery brands to rural markets.?According to?indianstartuptimes.com, the startup, which generates an annual revenue of $604 million, uses AI to enhance supply chain efficiency, optimise inventory management, and predict consumer demand in remote areas.
ElasticRun¡¯s AI-backed technology allows businesses to scale in rural markets by analysing market trends, automating logistics, and ensuring seamless connectivity between brands and small retailers.
Nishith Rastogi, a BITS Pilani graduate, founded Locus.sh in 2015. Initially developed as a women's safety geo-tracking application, Locus.sh has evolved into a leading AI-powered logistics management platform. The company, valued at $300 million, generates an annual revenue of $9.46 million, as reported in?indianstartuptimes.com.
Locus.sh utilises AI for route optimisation, fleet management, and decision-making in logistics. With a robust AI-powered dispatch system, the platform helps businesses streamline deliveries, reduce costs, and enhance operational efficiency across various industries.
Founded in 2023, Sarvam AI is an AI startup co-founded by Vivek Raghavan and Pratyush Kumar. The company focuses on developing large language models (LLMs) and provides a platform that enables businesses to create and evaluate generative AI (GenAI) applications.
With a valuation of $111 million, Sarvam AI is rapidly gaining traction by offering innovative AI solutions that enhance natural language processing, automate content creation, and improve AI-powered customer interactions.
An IIT Madras alumnus, Soham Chokshi co-founded Shipsy in 2015, an AI-driven logistics management platform. Currently serving as the CEO, he has played a crucial role in shaping Shipsy into a $124 million-valued company with an annual revenue of $6.67 million.
Shipsy¡¯s AI-powered global logistics platform helps businesses optimise supply chains, reduce costs, and enhance customer experience. It integrates cross-border and local logistics, providing complete visibility across first, middle, and last-mile operations. With real-time analytics and automated decision-making, Shipsy enables businesses to achieve operational efficiency and seamless delivery management.
India¡¯s AI startup ecosystem is witnessing unprecedented growth, driven by visionary founders who are leveraging artificial intelligence to revolutionise industries. From Binny Bansal¡¯s Opptra to Soham Chokshi¡¯s Shipsy, these entrepreneurs are paving the way for a smarter and more efficient digital future.
With AI-driven solutions transforming logistics, e-commerce, supply chains, and more, the future of AI startups in India looks incredibly promising. As the market expands, these innovators will continue to shape the global AI landscape, making India a key player in the artificial intelligence revolution.
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