American AI chip darling Nvidia is expanding its partnerships in India, including with venture capital firms, as it bets on the country’s AI ecosystem that has drawn massive Big Tech investments.
The company in statement on Wednesday said it was working with several venture capital firms, including Peak XV, Z47, Elevation Capital, Nexus Venture Partners and Accel India to identify and fund AI startups.
This comes as venture capital investors have been increasingly showing interest in India’s technology startups, with the country’s strong initial public offerings market providing lucrative returns.
India is currently holding an AI summit that has seen major tech CEOs as well as heads of states participate in the event. Nvidia top boss Jensen Huang was also expected to attend it but withdrew due to “unforeseen circumstances.”
More than 4,000 AI startups in India’s have already joined Nvidia’s global startup program, which helps tech startups build, scale, and go to market, according to the chip designer.
