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India’s Family Offices Bet on Homegrown AI Firms to Gain Ground

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By Advait Palepu

October 16, 2026 at 1:31 AM UTC

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The artificial intelligence boom has cemented US and Chinese tech dominance and created fortunes across North Asia’s chip supply chain. Now, India’s billionaire family offices and wealthy investors are betting on homegrown startups to gain ground in the global AI race.

At least six homegrown companies have amassed valuations of more than $1 billion, underscoring the emergence of a new generation of technology firms as AI adoption accelerates among Indian consumers and businesses.

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