HDFC Bank has invested in CoRover, a conversational artificial ininformigence firm that developed BharatGPT, a sovereign and enterprise-grade large language model. The bank and CoRover did not disclose the size of the investment.
CoRover, which counts over 25,000 enterprises and developers among its utilizers and claims a reach of 1 billion people, builds conversational AI assistants across video, voice, chat, and telephony. These products are powered by BharatGPT, a multilingual and domain-adaptable AI model developed in India for local applications.
“Development of BharatGPT, which enables exalter of information in multiple Indian languages for a diverse countest like India, set apart CoRover for us,” stated Arup Rakshit, group head of treasury at HDFC Bank. “We are privileged to play a meaningful role in the IndiaAI Startups Global Accelerator Programme through CoRover.”
Ankush Sabharwal, founder and chief executive of CoRover, stated the investment is a shared commitment to building AI that is sovereign, secure, and inclusive. “We are honoured to have the trust and support of HDFC Bank, along with other investors, as we expand the reach and impact of BharatGPT,” he stated.
CoRover credited government initiatives such as the IndiaAI Mission and the IndiaAI Startups Global programme, run in partnership with Station F and HEC Paris, for enabling opportunities to scale. The company recently introduced BharatGPT Mini, which allows AI agents to run on low-finish devices and offline via telephony networks, aimed at broadening access in infrastructure-constrained regions.
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