# India’s MSMEs Are AI’s Next Big Frontier, Says Spyne CEO

URL: https://technosports.co.in/indias-msmes-are-ai-next-big-frontier-spyne-ceo/  
Published: 2026-02-19  
Updated: 2026-02-19  
Author: Hardik Dhamija

India has over 63 million MSMEs, and according to **Sanjay Varnwal, Co-founder and CEO of Spyne**, they represent the single biggest untapped opportunity for AI adoption in the country — but only if startups can crack two hard problems: **cost-efficiency** and **linguistic diversity**.

Varnwal made these remarks at the **India AI Impact Summit 2026** in New Delhi, during a session titled *AI for Everyone: Empowering People, Businesses, and Society*, where policymakers, public-sector leaders, and tech builders gathered to discuss moving AI from isolated experiments to embedded, population-scale outcomes.

## Spyne CEO on Why MSMEs Are AI’s “Goldmine”

The session covered AI’s role across governance, education, public safety, and entrepreneurship — with a consistent thread: AI must benefit citizens and businesses across all geographies, not just large enterprises in metros.

![Spyne](https://technosports.co.in/wp-content/uploads/2026/02/Spyne-1-1024x860.jpg)

| Key Insight | Detail |
| --- | --- |
| MSME Market Size | 63–65 million businesses across India |
| Core AI Use Cases | Invoicing, payments, inventory, customer outreach |
| Barriers to Adoption | High cost, linguistic diversity, varied digital maturity |
| What AI Enables | Natural interfaces, automated workflows, no enterprise-grade complexity |
| Spyne’s Background | [AI](https://technosports.co.in/?s=AI)-native automotive retail tech, 3,000+ dealerships globally |
| Spyne Funding | $25M+ from Vertex Ventures, Accel, Storm Ventures, Alteria Capital |
| Headquarters | Founded in India, HQ in the USA |

Varnwal drew on Spyne’s experience building AI products for the US automotive ecosystem — serving over 3,000 dealerships across the US, Europe, EMEA, and APAC with studio-quality imaging, 360-degree visuals, and AI-driven lead handling — to argue that similar automation can be adapted to Indian MSME workflows in a genuinely cost-optimised, adoption-ready format.

The broader panel discussion pointed to an inflection point: India has an opportunity to move from being a consumer of global AI to setting the benchmark for **inclusive, democratic AI deployment** — if it can turn its scale challenges into repeatable, exportable solutions.

Spyne’s full suite of automotive retail AI tools is available at [spyne.ai](https://spyne.ai/).

For more on India’s AI startup ecosystem, see our AI and tech industry coverage on TechnoSports and our India AI Summit 2026 roundup.

## FAQs

### **What is Spyne and what does it do?**

Spyne is an AI-native automotive retail technology company that helps dealerships create digital storefronts with studio-quality visuals, 360-degree imagery, and AI-driven sales and customer engagement tools.

### **Why are India’s MSMEs considered a major AI opportunity?**

With 63–65 million businesses operating across diverse languages and digital maturity levels, MSMEs represent a massive underserved market for affordable AI tools that can automate invoicing, inventory, payments, and customer outreach.