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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 IndiaAl Summit', Anandan said, "Our firm has over INR 16,000 Cr of dry powder. We just want more people starting up in Al." He added that Peak XV has invested in 25 Al 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 Al is the most important theme right now and investors are bullish on startups in this sector.

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