India’s AI and startup momentum just received a major global vote of confidence.
US-based venture capital giant General Catalyst has committed $5 billion to India over the next five years — one of the largest-ever dedicated VC allocations to the country. CEO Hemant Taneja announced the plan at the India AI Impact Summit 2026 in New Delhi. He called it the firm’s largest commitment to India to date.
General Catalyst is known for backing global names like Anthropic, Discord, and Stripe. The firm said the new capital will support India’s fast-growing AI and startup ecosystem. Additionally, General Catalyst had earlier raised $8 billion globally in October 2024. The firm had already been expanding its India presence following its acquisition of Venture Highway.
In India, its portfolio includes startups such as Zepto, Meesho, Cred, MPL, Raphe mPhibr, ShareChat and Spinny.
Taneja said India’s strength lies in solving “billion-person complexity” and deploying AI at scale. He added that AI can help bridge long-standing gaps in healthcare and education. This effort is supported by India’s 5.8 million-strong IT workforce and growing digital infrastructure.
The firm’s India and Middle East operations will continue to be led by Neeraj Arora, as General Catalyst deepens its long-term strategy in the region.
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