Bajaj Finserv Plans INR 400–450 Cr Investment in Artificial Intelligence Startups

Bajaj Finserv is gearing up to establish an AI-centric private equity fund. According to the business, these investments have the potential to become one of the biggest alternative investment funds in India devoted to artificial intelligence. Meanwhile, Bajaj Finserv will use its own funds to put money into AI firms in their early stages. In FY27, Bajaj Finserv plans to invest between INR 400 Cr and 450 Cr into enterprises centred on artificial intelligence, according to MD and Chairman Sanjiv Bajaj.

Therefore, the firm is integrating the AI-focused fund's assets with its financial statements. The decision is in line with Bajaj Finserv's larger plan to broaden its platform for alternative investments. By doing so, the company is betting high on India's thriving innovation and technology scene. The AI-focused fund will be overseen by Bajaj Alts, the alternative investing arm of Bajaj Finserv.

Bajaj Alts a New Centre Stage for AI Startups

Along with its main activities, Bajaj Finserv hopes to establish a strong institutional presence in the alternatives area through Bajaj Alts. Currently, Lakshmi Iyer is leading Bajaj Alts. Aside from the AI-focused fund, the investment division will oversee real estate and public market funds. The CMD mentioned that Bajaj Finserv reviews more than 200 companies annually to determine the potential for internal adoption of their technologies.

The business has invested in six such early-stage AI businesses and has been collaborating with them in areas like sales, content creation, and customer service. To enhance its AI-driven products in web and mobile app development, cloud infrastructure, data analytics, and broader digital capabilities, Assiduus Global recently raised $25 million (approximately INR 233 crores) in a pre-Series B investment round led by Bajaj Finserv.

AI a New Business Destination for Indian Corporates

Increasing interest in artificial intelligence (AI) among Indian corporations and investors is driving the recent boom in AI in India. Innovations in generative AI and machine learning are the main forces behind this boom. Startups have seen an uptick in investment as a result of the rising demand for AI solutions tailored to specific industries. Speculators are scrambling to get in on India's $126 billion artificial intelligence business by 2030.

By 2035, the artificial intelligence sector might add $1.7 trillion to the national GDP. Financially, in the December quarter (Q3 FY26), Bajaj Finserv recorded a net profit of INR 2,229 Cr, which is unchanged from the previous year's figure of INR 2,231 Cr. From INR 32,042 Cr in the same quarter last year to INR 39,708 Cr this quarter, there was a 24% increase in revenue from operations.