Bajaj Finserv, a prominent financial services company, is making a significant investment in India’s AI sector. The company plans to invest between ₹400-₹450 Cr in AI startups during the fiscal year 2027 through the launch of a dedicated private equity fund.
Bajaj Finserv’s Chairman and MD, Sanjiv Bajaj, revealed that the company will make direct investments in early-stage AI startups using its own balance sheet, in addition to the dedicated fund. This dual approach underscores Bajaj Finserv’s commitment to expanding its presence in the AI domain.
By venturing into AI investments, Bajaj Finserv aims to leverage India’s growing technology and innovation landscape. The AI fund will be overseen by Bajaj Finserv’s alternative investment arm, Bajaj Alternative Investment Management Ltd (Bajaj Alts), led by Lakshmi Iyer.
This move signifies Bajaj Finserv’s strategic diversification into alternative investments, complementing its core financial services offerings. With an emphasis on institutional presence in the alternative investments space, the company’s foray into AI investments is poised to contribute to India’s tech ecosystem.
Source: Inc42 Media