India, Jan. 29 -- DeepSeek has been the biggest buzzword on the internet in recent days as the Chinese artificial intelligence (AI) startup triggered a global selloff in tech stocks with its free AI assistant.

DeepSeek launched thefree AI assistant last week that the low-cost startup says uses less data at a fraction of the cost of current services. It overtook OpenAI's ChatGPT on Apple's App Store in the United States.

Amid the buzz of DeepSeek, many Indians wondered where the country stands on the AI development front.

This is when several people pointed to Ola co-founder Bhavish Aggarwal's AI startup Krutrim.

In January 2024, Krutrim became India's first AI stratup to reach the unicorn status, raising $50 million in funding at a $1...