VCs back AI startups to shake up Indian IT services industry

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A new wave of AI-first startups is catching the attention of top-tier venture capital firms, as they look to back companies reinventing traditional IT services.

Peak XV Partners, Stellaris Venture Partners, Accel, and Elevation Capital are among the country’s top venture capital firms which are scouting for artificial intelligence (AI)-first startups to place early bets, several investors told ET.

From application development and infrastructure maintenance to software testing and customer support, AI is beginning to fundamentally reshape services…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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VCs back AI startups to shake up Indian IT services industry


A new wave of AI-first startups is catching the attention of top-tier venture capital firms, as they look to back companies reinventing traditional IT services.

Peak XV Partners, Stellaris Venture Partners, Accel, and Elevation Capital are among the country’s top venture capital firms which are scouting for artificial intelligence (AI)-first startups to place early bets, several investors told ET.

From application development and infrastructure maintenance to software testing and customer support, AI is beginning to fundamentally reshape services…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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