Colab Platforms

Colab Platforms Ltd has unveiled an AI-powered search engine positioned as a superior alternative to traditional search engines. The company aims to capture a portion of India's projected $17 billion AI market by 2030. This launch represents a strategic initiative to strengthen the company's position in digital transformation and AI innovation sectors.

Colab Platforms Limited announced the incorporation of a wholly owned subsidiary named Colab Intelligence Private Limited to strengthen its presence in the USD 200 billion Artificial Intelligence sector. The subsidiary will focus on developing cutting-edge solutions including intelligent automation, predictive analytics, and collaborative AI platforms. The company targets high-growth sectors including gaming, esports, financial services, and retail for scalable innovation. The global AI sector is valued at approximately USD 200 billion in 2024 and projected to exceed USD 1.8 trillion by 2030, growing at over 30% CAGR. Managing Director Puneet Singh stated this marks a new chapter in the company's growth journey, aimed at boosting innovation and market relevance while building a resilient, diversified business model.

Colab Platforms Limited announced plans to expand into the tech intelligence space encompassing AI/ML, blockchain technology, data centers, and Global Capacity Center (GCC) tech services. The company will leverage its INR 50 million Accelerator program to invest in ventures, strategic joint ventures, and acquisitions to strengthen expertise across these areas. The expansion targets sectors collectively projected to surpass USD 6 trillion in market value by 2030. The global AI market is projected to exceed USD 1.8 trillion by 2030 from USD 196 billion in 2023, while the blockchain market is forecasted to surge from USD 19 billion in 2023 to over USD 1.4 trillion by 2030. The GCC industry in India is expected to cross USD 110 billion by 2030. Managing Director Puneet Singh described the convergence of AI, blockchain, and global delivery platforms as a once-in-a-generation opportunity. Colab Platforms is a diversified technology, sports and digital ventures company focused on building integrated ecosystems spanning esports, physical sports infrastructure, sporting events, influencer collaborations, and digital content delivery.