US-based venture capital firm General Catalyst plans to invest $5 Bn (around ₹45,483 Cr) in Indian startups over the next five years.
The VC firm made the announcement at the ongoing ‘India AI Impact Summit 2026’, betting on India’s ability to produce tech companies for the world across various sectors over the next decade.
It said that the investment will primarily be focused on platform-defining startups across AI, healthcare, defence tech, fintech, and consumer technology. The capital will be deployed in seed to growth-stage startups.
General Catalyst, which has over $25 Bn in assets under management, has backed more than a dozen Indian startups, including Spinny, FarMart, STAN, Orange Health, among others.
General Catalyst merged with Delhi NCR-based Venture Highway in 2024 to expand its presence in India. Following this, it raised $8 Bn in fresh capital for its Fund XII to back seed and growth-stage startups.
The latest announcement comes amid a series of fund commitments for the Indian startup ecosystem at the India AI Impact Summit. Earlier this week, Qualcomm said it plans to invest $150 Mn in India’s technology and AI startup ecosystem through its investment arm, Qualcomm Ventures.
The Ministry of Electronics and Information Technology (MeitY) and the Indian Venture and Alternate Capital Association (IVCA) also mobilised ₹500 Cr in VC commitments for Indian AI startups, aimed at supporting deployable AI solutions across enterprise and public-impact sectors.
IT minister Ashwini Vaishnaw said that India is set to attract more than $200 Bn in investments towards AI over the next two years. On the same day, Adani Enterprises said it plans to invest about $100 Bn to build renewable energy-powered AI-ready data centres by 2035.
Yesterday, Reliance Industries chairman and MD Mukesh Ambani said Jio Platforms, along with Reliance, will invest ₹10 Lakh Cr in AI over the next seven years.
At the heart of this push is the increasing proliferation of AI startups in India which are building products and services for the world. AI-native startups raised more than $1.8 Bn in funding across 260 deals in 2025, with 86% of investments were directed towards application layer of startups, according to Google X Inc42: Bharat AI Startups Report, 2026.
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