India, Feb. 17 -- The Ministry of Electronics and Information Technology (MeitY) and the Indian Venture and Alternate Capital Association (IVCA) have mobilised Rs.500 Cr in VC commitments for Indian AI startups at the 'India AI Impact Summit 2026' in New Delhi.

The announcement was made during the Impact AI PitchFest, where 31 AI-native startups showcased their products to investors.

Sixteen IVCA member funds collectively committed Rs.500 Cr to support high-potential AI startups. The participating investors included 3one4 Capital, 888VC, Accel, Ankur Capital, Antler, Boundless Ventures, Capital A, Chiratae Ventures, Dallas Venture Capital, Inflection Point Ventures, Mount Growth Fund, Peak XV Partners, Piper Serica, Prosus, Seafund, and...