New Delhi: HDFC Bank has invested in CoRover, the conversational AI startup behind BharatGPT, a large language model developed in India to meet multilingual and enterprise-specific needs. The move reflects how the banking sector is aligning with the country’s broader artificial intelligence ecosystem, where the focus is increasingly on indigenous, domain-adaptable models.
CoRover serves more than one billion users and 25,000 enterprises through its conversational agents, including VideoBot, VoiceBot, and ChatBot. Its flagship product BharatGPT has been designed to operate across multiple Indian languages and dialects, a critical requirement in a linguistically diverse market. The company has also launched BharatGPT Mini, a lightweight version capable of functioning on low-end devices and via telephony without internet access, expanding its potential reach in infrastructure-limited regions.
According to Arup Rakshit, Group Head Treasury at HDFC Bank, the decision to invest in CoRover was guided by the company’s ability to address India’s vernacular requirements and its participation in the IndiaAI Startups Global Accelerator Programme. The programme, supported by the Government of India under the IndiaAI Mission, seeks to strengthen the domestic AI ecosystem and promote sovereign, inclusive, and secure models.
CoRover’s participation in international accelerators such as Station F and HEC Paris further reflects how India’s AI startups are gaining traction on the global stage. HDFC Bank’s move signals a growing trend among financial institutions to support AI solutions that are locally developed, scalable, and better suited to India’s linguistic and sectoral complexities.
Also Read:
Bank of Maharashtra, SBI Card Launch Co-Branded Credit Card with Enhanced Customer Benefits
Discussion about this post