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)… Read MoreInc42 Media
