India's Billionaire Families Double Down on AI Startups to Challenge US and Chinese Dominance

Indian family offices are channeling unprecedented capital into homegrown AI startups, betting that patient money and domestic talent can help the country gain traction in a race long dominated by the United States and China. With funding to AI ventures from billionaire-backed firms surging 50 percent to roughly $760 million in 2026, India's wealthiest investors are backing a new generation of AI founders even as the funding gap between India and global leaders remains vast.