India has become the fastest-growing market for AI voice technology firm ElevenLabs, with a 50% growth in usage from November to January, driven by the country’s diverse languages and increasing demand for quality voice translation.
Founded just two years ago, ElevenLabs has achieved unicorn status, raising $180 million in its latest funding round and expanding its team from 5 to 150 employees.
The company gained attention for dubbing Prime Minister Narendra Modi’s interview with Lex Fridman and has also worked on AI voice dubbing for world leaders like Volodymyr Zelenskyy and Javier Milei.
ElevenLabs’ mission is to preserve the essence of original voices while making content more accessible, claiming to have the best voice technology.
The AI voice market is projected to reach $1.82 billion by 2030, with increasing competition from giants like Google and OpenAI.
The company has partnered with major organisations such as Star Cricket and Qube Cinema and launched a speech-to-text tool, Scribe, in 11 Indian languages with superior accuracy.
ElevenLabs remains focused on innovation, continued investment in AI research, and expanding its reach in India.
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