Bajaj Finserv's AI investment
Bajaj Finserv, the financial services arm of the Bajaj Group, will allocate ₹400-₹450 crore (approximately $50-$55 million) to invest in AI startups by FY27. The strategy includes launching a dedicated private equity fund and direct investments from its balance sheet, according to an ET report.
The AI-focused fund, managed by Bajaj Alternative Investment Management Ltd (Bajaj Alts), aims to be among India’s largest AI-dedicated alternative investment funds. Bajaj Alts, led by Lakshmi Iyer, will oversee funds for real estate and public markets, alongside the AI fund.
Bajaj Finserv evaluates over 200 startups annually for potential internal technology adoption and has already invested in half a dozen early-stage AI ventures across customer service, sales, and content development. Recently, Bajaj Finserv led a $25 million pre-Series B funding round in Assiduus Global to enhance its AI-driven digital capabilities.
This move occurs amid growing interest in AI among Indian corporations and investors. A report indicates India’s AI market is expected to reach $126 billion by 2030, potentially contributing up to $1.7 trillion to the country’s GDP by 2035.
In Q3 FY26, Bajaj Finserv reported a flat net profit of ₹2,229 crore, with revenue from operations increasing 24% to ₹39,708 crore.
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