London-based AI voice unicorn ElevenLabs (backed by Nvidia, Andreessen Horowitz, and Goldman Sachs) has announced plans to invest hundreds of millions of dollars in India, reinforcing the country’s status as a critical global hub for AI expansion.
📌 Key Growth Metrics & Strategic Highlights:
- Rapid Valuation Growth: Valued at $22 billion in September—doubling its valuation since February 2026.
- Massive Regional Scale: Currently supports 250+ enterprise clients in India, driving 100 million annual AI-agent conversations across 14 Indian languages.
- Key Enterprise Clients: Serves major Indian brands including edtech leader Physicswallah, electrical giant Havells, and fintech leader Razorpay.
- Public Sector & Social Impact: Partnering with the state government of Karnataka to improve citizen access to public services and deliver AI voice restoration for individuals with speech impairments.
- M&A Readiness: Active search for local talent, language model development, and potential strategic acquisitions across India’s AI developer ecosystem.
Co-founder Mati Staniszewski highlighted India’s unique market complexity and scale as the primary catalyst for deep localized investment alongside global tech peers like OpenAI, Anthropic, Microsoft, and Google.