Top Artificial Intelligence Startups in India 2026, Ranked by Funding

The ten India-based AI startups ranked here have raised about USD 1.5 billion between them, and two infrastructure plays, Neysa and Sarvam, hold two-thirds of it. Only one of the ten, Gnani.ai, reported a profit in FY2024-25. The money is chasing compute and Indian-language models, with the IndiaAI Mission supplying shared GPU capacity.

How the ten were chosen

Each company here sells an AI product as its main business. The Company Check's brand records place its headquarters in India, its Indian company is active, and a 2026 source shows it is operating. The ranking uses total disclosed funding in The Company Check's records. Revenue and profit come from the Indian company's latest filed accounts.

Two rules shape the list. Listed companies are left out, so Fractal Analytics, which carries a listed-company CIN, does not appear.^[7] SigTuple meets the funding test but had no dated 2026 source, so it was dropped. Firms recorded with US headquarters are covered in a later section.

The ten AI startups, ranked by funding

1. Neysa

Neysa runs GPU cloud infrastructure in India for companies that train and deploy AI models. In February 2026, Blackstone-affiliated funds and co-investors committed up to USD 600 million of equity. Neysa plans to raise another USD 600 million in debt and deploy more than 20,000 GPUs in India.^[2] Entrackr reported a valuation of about USD 1.4 billion, citing an ET report.^[8]

The Indian company, Neysa Networks, was incorporated in December 2022. It reported ₹21.21 crore of revenue and a ₹54.85 crore loss in FY2024-25.^[9]

2. Sarvam

Sarvam builds models for Indian languages. In March 2026 it released Sarvam 30B and Sarvam 105B under an open licence. Both were trained in India on compute from the IndiaAI Mission.^[10] Its Indus platform sells voice agents at ₹3.50 a minute, and Sarvam says they have handled more than 325 million minutes.^[11]

HCLTech led a USD 234 million first close of a USD 300 million Series B in June 2026, at a USD 1.5 billion valuation. Sarvam's unaudited FY2025-26 revenue was ₹45.1 crore, per HCLTech's disclosure.^[3] An NVIDIA-led USD 74 million extension followed in August.^[4] The Company Check records USD 362.8 million across five rounds.^[12] The Indian company, Axonwise, reported ₹29.13 crore of revenue and a ₹102.42 crore loss in FY2024-25.^[13]

3. Qure.ai

Qure.ai reads medical scans with AI. It lists 26 FDA-cleared indications and was presenting at the 2026 ASCO cancer meeting.^[14] Its last round, a USD 65 million Series D, closed in September 2024.^[15]

The Indian company grew revenue from ₹155.18 crore in FY2023-24 to ₹190.42 crore in FY2024-25. The loss widened from ₹49.69 crore to ₹90.37 crore.^[5]

4. SpotDraft

SpotDraft sells AI-assisted contract management to in-house legal teams. It has offices in Bengaluru and New York, and its registered office is in Gurugram.^[16] Vertex Growth and Trident Partners led a USD 54 million Series B in February 2025.^[17] The Company Check records a further USD 8 million in January 2026.^[18]

Its Indian company, Draftspotting Technologies, reported ₹121.39 crore of revenue and a ₹121.43 crore loss in FY2024-25.^[19]

5. Cropin

Cropin sells farm management software built on AI and earth-observation data.^[20] In July 2026 it launched OrbitAI with Google Cloud, a set of AI agents that answer farm questions in plain language. Cropin says it works in 103 countries and has digitised 3 crore acres.^[21]

Founded in 2010, it is the oldest company here. Revenue rose to ₹42.80 crore in FY2024-25 and the loss narrowed to ₹30.54 crore from ₹62.88 crore.^[22]

6. Krutrim

Krutrim, Bhavish Aggarwal's AI company, became a unicorn in January 2024 after raising USD 50 million at a USD 1 billion valuation.^[23] By May 2026 it had stepped back from building its own language models and chips to focus on AI cloud services. It reportedly booked about ₹300 crore of revenue in FY2025-26.^[24] The Company Check records USD 51.1 million of funding for the brand.^[25]

Its main operating company, Krutrim SI Designs, reported ₹109.27 crore of revenue and a ₹50.14 crore loss in FY2024-25. It has ₹306.79 crore of paid-up capital and 549 employees on record.^[26]

7. Skit.ai

Skit.ai makes voice agents for debt collection. It has offices in New York, Mumbai and Bengaluru, and says it has more than 100 enterprise customers. Its 2026 website is published by Skit.ai USA Inc.^[27] The last recorded round was a USD 16.7 million Series B in May 2023.^[28]

The Indian company, Cyllid Technologies, reported ₹43.52 crore of revenue and a ₹36.71 crore loss in FY2024-25.^[29]

8. Rocket (DhiWise)

DhiWise, a Surat company, now sells its AI app builder under the Rocket name. Its blog now writes about the product as Rocket.new, and the site is published by Rocket USA Inc.^[30] The Company Check records USD 40.4 million of funding, including USD 15.2 million in September 2025.^[31]

The Indian company reported ₹3.45 crore of revenue and a ₹12.64 crore loss in FY2024-25. Vishal Virani is one of its two directors.^[32]

9. Entropik

Entropik runs Decode, an AI platform for consumer and market research. It published a guide on AI agents in MaxDiff and conjoint analysis on 15 October 2026.^[33] Bessemer Venture Partners and SIG Venture Capital invested in its USD 25 million Series B in December 2022, the last priced equity round on record. A debt round followed in February 2023.^[34]

Its latest accounts on record are for FY2022-23: ₹47.54 crore of revenue and a ₹27.02 crore loss.^[35] Filings for the two later years were not in The Company Check's records, which is itself worth checking before any deal.

10. Gnani.ai

Gnani.ai builds voice AI in Indian languages. Its Evon v3.3 is a 30-billion-parameter open-weights model covering 11 Indian languages. It launched its Artha sovereign AI stack in New Delhi on 28 August 2026.^[36] It says 200-plus enterprise deployments run on its stack.^[37]

Gnani is the only profitable company in this list. Its Indian company earned ₹3.19 crore on ₹56.95 crore of revenue in FY2024-25, up from ₹22.62 crore a year earlier.^[38]

All ten side by side

The order by revenue is very different. Qure.ai and SpotDraft lead on sales, while the two best-funded companies booked less than ₹30 crore each in FY2024-25. The nine loss-makers lost a combined ₹526 crore in their latest filed years.

Big Indian AI teams with US headquarters

Several of the largest AI companies with Indian teams are recorded with headquarters in the US, so they sit outside the ranking. Their Indian subsidiaries are sizeable businesses in their own right.

All four Indian subsidiaries reported a profit in FY2024-25, led by Gupshup's ₹26.18 crore.^{[39][40][41][42][43][44][45][46]} For a job-seeker, the Indian entity is the employer that signs the contract.

What the IndiaAI Mission gives startups

The IndiaAI Mission was launched in March 2024 with an approved outlay of ₹10,300 crore. Its aims are wider access to computing power, better data and home-grown AI capability.^[6] The mission works through seven pillars.

Compute is where startups have felt it first. National capacity crossed 38,000 GPUs by December 2025, and 20,000 more were announced in February 2026.^[6] Sarvam trained its 105B model on this capacity.^[10]

The spending lags the promises. The mission was allocated ₹1,000 crore for 2026-27, against ₹2,000 crore budgeted for 2025-26, which was revised to ₹800 crore. PRS Legislative Research notes that utilisation has stayed under 50% since launch.^[6] Founders should treat government compute as a bonus, not a business plan.

A worked example: what investors are paying for

Take Sarvam's August 2026 round. Its post-money value of about ₹14,342 crore sits against ₹45.1 crore of unaudited FY2025-26 revenue.^[4][3] That is roughly 318 times sales. Investors are pricing the models and the team, not today's income.

For a business owner the useful number is the price. At Sarvam's ₹3.50 a minute, 10,000 minutes of customer calls a month would cost ₹35,000 in voice-agent fees.^[11] Compare that with the salary cost of the agents it would replace before you sign.

How to vet an AI startup before you sign

• Check which company you are contracting with. Skit.ai and Rocket publish their websites through US companies, while the Indian entity holds the filings.^[27][30]
• Read the latest filed accounts. Nine of these ten Indian companies were loss-making in their latest year.
• Look at the filing date. Entropik's latest accounts on record are for FY2022-23.^[35]
• Ask where data and models are hosted. Neysa and Sarvam both sell computing hosted in India, which matters if your data must stay in the country.^[2][11]
• Set the latest round against the latest loss. Gnani raised USD 4.2 million in July 2026 while already profitable; Sarvam raised far more while losing ₹102.42 crore a year.^[47][13]