Given AI’s pivotal role in helping businesses revive post the pandemic and subsequent lockdown’s impact, it is no surprise that AI-driven startups are some of the most favoured by investors.
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COVID-19 has undeniably led to radical long-standing changes in the Indian startup and investor ecosystems. At the outset of the unprecedented crisis, investments in the startup sector slowed down significantly, although they never came to a halt.
Amid the changing dynamics of the industry, investors once again began backing startups. Within the first eight months of 2021, Indian startups raised a massive $26 billion, with several of them foraying into the unicorn club and going public.
The AI frenzy
AI has been a game-changer for the world in almost all aspects. In fact, AI has been the cornerstone for several businesses — both enterprises and startups. Since the pandemic began and the world shifted to a remote working model, AI, IoT, and Big Data have been instrumental in enabling business continuity, helping companies sail through the crisis, recover, and thrive.
