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ElevenLabs Hits $600M ARR As India Becomes Its Second-Largest Market
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CNBC TV18•06-10-2026, 17:57
ElevenLabs Hits $600M ARR As India Becomes Its Second-Largest Market
- •AI voice company ElevenLabs has crossed a $600 million global annual run rate, with India emerging as its second-largest market.
- •CEO Mati Staniszewski revealed plans to invest hundreds of millions of dollars from a recent $1 billion fundraise into the Indian region.
- •ElevenLabs' 11 v4 model currently supports 14 Indian languages, powering use cases for companies like Physicswallah, Cars24, Razorpay, and Havells.
- •Enterprise revenue now accounts for 55% of ElevenLabs' total business, driven by increased reliability for large-scale deployments.
- •The company is building a strong local presence in India across engineering, research, and go-to-market teams to tap into growing demand.
Key Questions Answered
ElevenLabs has crossed a global annual run rate (ARR) of $600 million, with India emerging as its second-largest market after the United States.
Enterprise revenue has surpassed self-serve customer revenue, currently accounting for 55% of ElevenLabs' total business operations due to reliable large-scale deployment.
ElevenLabs collaborates with several Indian companies across various sectors, including Physicswallah in education, Cars24 and Razorpay for customer support and sales, and Havells for smart home applications.
