Amid the ongoing funding winter, Peak XV Partners MD Rajan Anandan has said that the VC firm has a dry powder of INR 16,000 Cr to invest in Indian startups 👇

Amid the ongoing funding winter, Peak XV Partners MD Rajan Anandan has said that the VC firm has a dry powder of INR 16,000 Cr to invest in Indian startups 👇
Speaking at the ‘Global IndiaAI Summit’, Anandan said, “Our firm has over INR 16,000 Cr of dry powder. We just want more people starting up in AI.”
He added that Peak XV has invested in 25 AI startups so far.
Highlighting that capital is not an issue, Anandan said the VC ecosystem has $20 Bn to invest in Indian startups, adding that AI is the most important theme right now and investors are bullish on startups in this sector.
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Credit: Inc42 Media