Bajaj Finserv has launched a new division called Finserv Intelligence to invest in early-stage startups across AI/fintech, cybersecurity, and consumer technology platforms. According to reports from The Times of India, the company may carve out this division as a separate business in the future. The investment will be made through various companies in the Bajaj Finserv group over a five-year period and will be managed by a dedicated investment team.
The company plans to invest ₹1,500 crore to ₹2,000 crore in early-stage startups through Finserv Intelligence. As reported by The Times of India, the investment will focus on AI/fintech, cybersecurity, and consumer technology platforms. The initiative also includes co-creation of new ventures, positioning Bajaj Finserv to capture market share in the next generation of large global industries.
To launch the initiative, Finserv Intelligence has partnered with IIT Bombay through an MoU and Master Collaboration Agreement. According to The Times of India, this partnership establishes a joint research centre and defines a joint statement of work spanning AI, cybersecurity, quantum technologies and the reimagining of the physical retail experience. The collaboration aims to bridge the gap between academia, industry and national priorities.
Sanjiv Bajaj, chairman and MD of Bajaj Finserv, emphasized the strategic importance of the initiative. As reported by The Times of India, he noted that Niti Aayog's recent report cites how India's R&D intensity is a fraction of what comparable economies invest, and private capital must do more of the lifting. Bajaj stated that Finserv Intelligence represents their commitment to bridging this gap, putting India's finest scientists and most ambitious founders at the centre of solving problems that matter to a billion-plus Indians.
