Indian Founders: AI Overrated, Manufacturing an Undervalued Goldmine

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Indian Founders: AI Overhyped, Manufacturing is Underrated Gold

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CNBC TV18•23-01-2026, 20:26

Indian Founders: AI Overhyped, Manufacturing is Underrated Gold

•A survey by InnoVen Capital reveals Indian startup founders view AI as overhyped and manufacturing as an underrated opportunity.
•Only 31% of founders expect AI to significantly impact their business models in the next 2-3 years, contrasting with its investor attention.
•Manufacturing and hardware, traditionally seen as difficult, are now attracting serious investor interest due to their critical role in national destiny.
•Ashish Sharma of InnoVen Capital notes a disconnect between AI's hype and its actual adoption and funding in India compared to Silicon Valley.
•Despite flat primary equity funding, founders are optimistic about the 2026 fundraising environment, with SaaS and manufacturing leading the bullish sentiment.

Why It Matters: Indian founders see AI as overhyped, advocating for manufacturing as a critical, underrated sector for long-term growth.

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