New Delhi, July 8 -- A growing number of India's leading venture capital firms are investing in a new wave of AI-first startups aiming to boost the traditional IT services industry.

Firms such as Peak XV Partners, Stellaris Venture Partners, Accel, and Elevation Capital are actively scouting early-stage startups building AI-native solutions for application development, software testing, infrastructure management, and customer support.

Rajan Anandan, Managing Director at Peak XV Partners, noted that AI is making IT services more efficient and cost-effective, opening opportunities for startups to offer leaner, high-quality alternatives.

Peak XV is currently assessing startups that automate application maintenance and other core IT functi...