HDFC Bank Invests in CoRover to Democratize AI Across India
- FC Bank invests in CoRover, developer of BharatGPT, India’s sovereign AI model.
- BharatGPT offers multilingual, enterprise-grade AI for video, voice, chat, and telephony.
- CoRover launches BharatGPT Mini for low-end devices and offline access, expanding reach in infrastructure-limited regions.
India’s largest private sector lender, HDFC Bank, has invested in conversational AI firm CoRover, the developer of BharatGPT, a sovereign, enterprise-grade large language model. The size of the investment has not been disclosed.
CoRover, which serves over 25,000 enterprises and developers and claims a reach of 1 billion people, creates AI-powered conversational assistants across video, voice, chat, and telephony. These products are built on BharatGPT, a multilingual AI model designed in India for local applications.
“Development of BharatGPT, which allows information exchange in multiple Indian languages for a diverse country like India, set CoRover apart for us”, said Arup Rakshit, Group Head of Treasury at HDFC Bank. He added that the bank is proud to support the IndiaAI Startups Global Accelerator Programme through CoRover.
Ankush Sabharwal, founder and CEO of CoRover, said the investment reflects a shared commitment to creating AI that is sovereign, secure, and inclusive. “We are honoured to have HDFC Bank’s trust and support, along with other investors, as we expand BharatGPT’s reach and impact”, he said.
CoRover credited initiatives like the IndiaAI Mission and the IndiaAI Startups Global programme, in partnership with Station F and HEC Paris, for helping scale opportunities. The company recently launched BharatGPT Mini, enabling AI agents to run on low-end devices and offline via telephony networks, targeting regions with limited infrastructure.
