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Former Investment Banker Debuts Low-Cost Video AI for India

Former Investment Banker Debuts Low-Cost Video AI for India
Bloomberg Technology Friday 12 June 2026, 09:53 UTC By Saritha Rai 1 min read
Key Points

Asia Former Investment Banker Debuts Low-Cost Video AI for India A startup founded by a former banker has launched one of India’s first homegrown video AI platforms, wading into an arena dominated by US and Chinese services. Bangalore-headquartered Avataar AI trotted out the open-weight Varya model this week, touting its affordability.

Asia Former Investment Banker Debuts Low-Cost Video AI for India A startup founded by a former banker has launched one of India’s first homegrown video AI platforms, wading into an arena dominated by US and Chinese services. Bangalore-headquartered Avataar AI trotted out the open-weight Varya model this week, touting its affordability. The model can produce video at roughly 0.48 rupees ($0.005) per second by compressing the steps in video generation from 50 to just four, the startup said in a statement.
Investment Banker Debuts Low-Cost Video AI (ORG) India Asia (ORG) India (LOCATION) US (LOCATION) Chinese (ORG) Bangalore (LOCATION) Avataar AI (ORG)
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