Maruti Suzuki India Limited acquires 6.44% in AI and ML startup Amlgo Labs

Maruti Suzuki India Limited acquires 6.44% in AI and ML startup Amlgo Labs

Maruti Suzuki India Limited has acquired a 6.44% stake in Amlgo Labs Private Limited, a startup specializing in AI and ML, for Rs 1.99 crore. The investment is through the Maruti Suzuki Innovation Fund, which focuses on startups with high technological innovation.

• About Amlgo Labs Private Limited: Founded in 2017 by Ajay Yadav, Amlgo Labs specializes in data analytics, cloud engineering, Machine Learning (ML), and Artificial Intelligence (AI). Amlgo Labs helps companies make data-driven decisions, contributing to operational efficiency and strategic decision-making.

• About the Fund: The Maruti Suzuki Innovation program has been supporting startups since 2019, in line with the Government's #StartUpIndia initiative, to strengthen the startup ecosystem and foster innovation in the automobile industry.

• Impact of Maruti Suzuki's Investment: This is Maruti Suzuki's second investment in a startup, following its investment in Sociograph Solutions Private Limited (DaveAI) in June 2022. Yadav expressed that the collaboration with Maruti Suzuki has been beneficial, aiding in augmenting and scaling up operations.

• Presence of Amlgo Labs: Amlgo Labs has offices in Gurugram and Bengaluru in India, as well as in Delaware, USA.

The partnership allows Amlgo Labs to combine its expertise in Data Analytics, Machine Learning, and Artificial Intelligence with the mentorship and networking opportunities provided by Maruti Suzuki, refining their offering.