US-based venture capital firm General Catalyst has announced plans to invest $5 billion in India over the next five years.The firm disclosed the plan during the India AI Impact Summit held in New Delhi.
General Catalyst CEO Hemant Taneja said the investment will be spread across sectors such as artificial intelligence, healthcare, fintech, defence and industrial technology. He also said the firm plans to support new company creation efforts in India.
The $5 billion commitment represents a sharp increase from General Catalyst’s earlier exposure to…

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