Exclusive: ElevenLabs says India now 2nd largest market; crosses $600 million revenue run rate – CNBC TV18

In TrendsStock MarketStocks to WatchNifty OutlookGold and SilverStocks to BuyPM-KISANExclusive: ElevenLabs says India now 2nd largest market; crosses $600 million revenue run rateElevenLabs is scaling its enterprise business in India, where CEO Mati Staniszewski says the company plans to invest hundreds of millions of dollars to expand its AI voice operations.By Ritu Singh October 6, 2026, 4:30:40 PM IST (Published)India has emerged as ElevenLabs’ second-largest market after the US, with the artificial intelligence (AI) voice company’s revenue now crossing a $600 million annual run rate, CEO Mati Staniszewski told CNBC-TV18. The company is also building a local presence across go-to-market, engineering, research and forward-deployed engineering as it looks to tap the country’s growing demand for voice AI.Staniszewski said India is particularly important because of the scale and diversity of its language market. ElevenLabs’ 11 v4 model supports 14 Indian languages, while the company is working with businesses across sectors including education, customer support, sales and smart home technology.“India can be a laboratory for voice AI,” Staniszewski said, pointing to use cases such as Physicswallah in education, Cars24 and Razorpay in customer support and sales workflows, and Havells’ smart home application.The company’s growth is also increasingly being driven by large enterprises.

Original source: https://www.cnbctv18.com/technology/

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