India’s billionaire family offices bet big on homegrown AI startups

Wealthy Indian families are writing larger checks to local AI companies as the country tries to carve out space in a race led by the US and China India’s richest families have found a new favorite asset class, and it isn’t real estate or gold. It’s artificial intelligence, specifically the kind built at home. Bloomberg reported on October 16, 2026, that the country’s billionaire family offices are pouring money into local AI startups. The goal is to give India a stronger position in a global AI contest currently dominated by American and Chinese firms. The scoreboard so far: at least six Indian AI startups have crossed into unicorn territory, meaning valuations above $1 billion. Bloomberg tied that growth to rising adoption of AI tools by Indian consumers and businesses alike.

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