Anupam Singh

Anuradha Ramachandran, Managing Partner, TVS Capital Funds, participated in a panel discussion titled “Sustainability Amid Continued Funding Drought” at the ETBFSI FinNext Summit 2024. Discussing the impact of the funding winter on fintech startups, she noted, “Beyond the funding winter, it's crucial to identify emerging trends. The deal-making pace seen in 2021 and early 2022 won't continue over the next 12 to 18 months. However, activity will persist due to available capital, numerous VCs, and dedicated founders driving turnarounds. Funding rounds are still happening.” Watch the discussion here: https://lnkd.in/dZeDZZbq #Fintech #DigitalLending #InsuranceTech #NeoBanks #FINNEXT

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Tech Sovereign Data Exchange: Empowering Digital Sovereignty and Data Monetization in India In the digital age, data is a critical asset. To ensure sustainable and equitable use of data, India must establish a Tech Data Exchange Platform. This platform will recognize digital identity, ensure data sovereignty, and empower individuals to monetize their contributions. Key Components: 1. Digital Identity & Blockchain: Secure digital identities to ensure transparency. 2. Smart Contracts:Automated, fair compensation for data usage. 3. Regulatory Oversight: Compliance with privacy laws like GDPR and India's PDP Bill. 4. Fair Revenue Models: Transition from ad-based to equitable systems like subscriptions. 5. Transparency & Accountability: Blockchain for traceable transactions. 6. Financial Inclusion: New income opportunities for underserved regions. By focusing on individual empowerment, privacy, and fair monetization, India can lead in creating a sustainable data economy, aligning with global trends like the EU Data Strategy and CCPA. This initiative is crucial for economic reforms and widening financial inclusion.

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Climate, Protocol and Exponential Thinking Every time I listen to the trio of Mr. Nandan, Pramod Varma and sujith nair, a few nodes get unlocked. I have had the enviable privilege of being at this fountainhead a few times. Every time, a few vistas open up that help us to see how we can solve problems of population scale and at near 0 friction rates. Below are notes from 1.5 days spent at BeckN Node Zero Climate Conference. The protocol revolution v2 in India is still in its early days. If you are a founder or a VC, keen to explore this, drop me a line Special thanks to Anjali Bansal and Sanjay Purohit who presented on climate and exponential thinking 💡 DPI 2.0 ** India has solved access to identity - Aadhar ** India has solved access to money transfer - UPI ** India has solved access to trust - Digi Locker The 2.0 of all this is now beginning to manifest itself - DigiYatra, Credit on UPI, DigiLocker ++. It is amazing when you start to think of the number of successful companies that have scaled on the combinatorial power of these stacks - Flipkart to Zomato to Zerodha 📌 Most exciting new DPI - UEI. Think of UEI as the internet of energy. A protocol layer of bits built on atoms of the energy grid. While atoms of energy flow through cables, the bits of transfer, recon and payment continue to be archaic. As energy generation gets more de-centralised (Solar Panels for example), the ledger of energy cannot be a 2-way line anymore. Reach out to Akhil Jp and schedule atleast 2 hours 😀 🏝 Climate ▶ India’s culture has been of sustainability - We use every part of a tree, most families in India have a pile of shopping bags and re-use it. Not to forget the haggling with kabbadiwala for newspapers. This behaviour may have been prompted by constraints but is now the right behaviour ▶ The climate lens cannot be without capitalism - We need to balance all the three 3Ps - People, Profit and Planet. I personally like this so much more than ESG! ESG has become too generic and there is too much focus on G ▶ India cannot decarbonize. We can have a lower carbon footprint growth. Our founders may also be better off trying to solve this problem than a de-carbonisation problem ⏫ Exponential Thinking ▶ The Domino Effect - Mini to Mega - How can you topple a 10 meter tall domino with a 5 Cm starting domino? All you need are 13 dominos which are 1.5x taller than the previous one! Power of compounding - 1.5^13 = ~200x. (10 M is 33 ft!) a. Don’t stop the compounding b. Focus on the alignment that will ensure the kinetic energy is not dissipated c. A 100x outcome is possible with exponential thinking - Not N^2 but 2^N d. Please watch this video - https://lnkd.in/gebDTYRf ▶ Exponential problems need exponential solutions ▶ DPIs can solve exponential problems as an orchestrator and not as a conductor! ▶ A garden needs a gardener, a forest needs only enabling Thanks to Sattva Consulting team for putting this together

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*News Headlines from Business News Agencies:* *Business Standard* 📝 Ficci appoints Jyoti Vij as new director general with immediate effect 📝 Steel demand expected to grow in range of 9-12% in FY25: Ind-Ra report 📝 IBBI proposes reducing compliance burden, simplifying forms for RPs 📝 Persistent Systems partners with Google Cloud to drive GenAI in key markets 📝 Trade and industry bodies in Rajasthan call for creating solar energy hub 📝 NCLAT asks ICICI to consider OTS proposal in Jaiprakash Associates case 📝 Exports from special economic zones up 4% to $163.69 bn in 2023-24 📝 Tata Motors planning to invest Rs 18,000 cr in EV division till FY30 📝 Micro loans grow 27% in March quarter, stress levels inch up: Report 📝 Daimler India names Muthu Maruthachalam as new chief of ops, logistics 📝 India reports sixth strongest hiring outlook globally in Sept qtr: Survey *Economic Times* 📝 HCLTech, Germany's apoBank extend ties with $278-million deal 📝 OPEC sticks to 2024 oil demand growth forecast, but trims Q1 view 📝 PV sales up in low-digits as growth pace moderated in May: SIAM 📝 Star Health & Allied Insurance plans 15% price hike for two products 📝 India eyes oil deals with nations including Russia, minister says 📝 Waaree Energies supplies 68 MW solar modules to Gensol Engineering 📝 Tyre exports from India recorded at Rs 23,073 cr in FY24 📝 Magenta Mobility joins hands with with Tata Motors, deploys 100 Ace EV 📝 Tata Motors eyes 4-6% increase in passenger vehicle market share over the next 2 to 3 years 📝 MyGate founder Vijay Arisetty joins Aurm as founder and CEO 📝 FIDC urges RBI to relax draft guidelines on infrastructure provisioning *Mint* 📝 SBI says MSME loans will be focal point for growth over next 5 yrs 📝 Berger Paints plans retail expansion to grow in south, west India markets: CEO 📝 Ola Electric gets SEBI nod to launch ₹5,500 crore IPO: Report 📝 VaynerMedia sets up full-service ad agency in Gurugram, lured by India's economy 📝 Zomato to pump ₹300 crore more into quick commerce arm Blinkit 📝 SBI to raise USD 3 billion through debt in FY2025 📝 Warburg Pincus, Multiples PE enter final lap to acquire stake in Ebco 📝 Private credit to real estate, UTI Alternatives embarks on a fundraising spree 📝 Not just Air India, most airlines have a long-haul punctuality problem 📝 India's semiconductor industry to face 300,000 professionals shortage by 2027 📝 RBI rejects reappointment of RK Bansal as Edelweiss ARC chief For information only

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“𝐓𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐦𝐚𝐧𝐲 𝐜𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐩𝐥𝐚𝐭𝐟𝐨𝐫𝐦𝐬 𝐰𝐢𝐭𝐡 𝐡𝐢𝐝𝐝𝐞𝐧 𝐟𝐢𝐧𝐭𝐞𝐜𝐡 𝐮𝐧𝐢𝐜𝐨𝐫𝐧𝐬 𝐰𝐢𝐭𝐡𝐢𝐧 𝐭𝐡𝐞𝐦…” Kshitij Jayakrishnan (Vice President, Elevation Capital) talks about the rising global trend of leading consumer platforms leveraging their large user bases to offer financial services products that are seamlessly integrated into their core offerings. Embedded fintech is particularly gathering momentum in India, creating new revenue streams and financial ecosystems within consumer distribution pools. Watch our newest SummitUp episode where Vaas Bhaskar and Kshitij Jayakrishnan decode India’s $25B embedded fintech opportunity: https://lnkd.in/g5QQtQmW 

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Our 'prepared mind' on India bank SaaS, i.e. companies selling SaaS to banks, NBFCs, Insurers, and AMCs. We definitely came out more positive post our work than going in. We’ve historically carried a level of scepticism in the ability of such companies to reach the coveted $100M ARR mark in the venture timeframe i.e. 10 years, primarily on account of the limited universe of large banks or NBFCs in India to sell to, which is unlike US or China. However, in light of some companies in this category (Perfios, M2P, Lentra) reaching meaningful scale, especially post COVID, we decided to refresh our view on the sector. So, here goes our key learnings on key challenges and key attractions. Top challenges include: - Banks’ existing software stack is very sticky and hard to displace - Universe of bank logos to sell to is limited, concentration risk an inevitability - No concept of MVP, need a near-final product at get-go - Long sales and implementation cycles - Need a very specific founder archetype to sell to a bank - High need for customisation and custom-integrations - Multiple products (and PMFs) needed to reach $100M ARR Top attractions include: - Existing stack is old and carries poor NPS - Expanding tech spend in banks, increasing SaaS mix  - High ACVs possible on the back of usage-based billing - High NRR with relative ease of cross-selling new products and to new buyers within bank - Network effects allowing first mover to get to dominant market share - Banks’ openness for multi-stacking can serve as a wedge to land the bank - Ability to command a price premium and high GMs (80%+) More detailed version: https://lnkd.in/gZi4--m5. Do hit us up if you're building in bank SaaS, and we'd love to chat Stellaris Venture Partners Shreyan Puri #fintech

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Finternet a new approach to global finance, open, digital , tokenized and interoperable. In simple terms it’s Internet for finance .. #finance #finternet #digitalassets #tokenization #unifiedledger https://lnkd.in/dW2cyQDy

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We are excited to launch Intellect Digital Core (IDC) for Cooperative Banks for the Indian market. This comprehensive, enterprise-grade banking technology solution is composed of eMACH.ai, the world’s largest open finance platform engineered by the ‘First Principles’ Thinking for financial institutions to design future-ready technology solutions. Drawing on the composable and contextual core banking technology that runs some of the world’s largest banks, Intellect brings the same expertise for cooperative banks as a Digital India initiative. Read more: https://lnkd.in/g3wZBApe Arun Jain | Ramanan S V | Debal Dutt | K V HARIHARASUBRAMANIAN | Himanshu S | Sajeev Kumar | Ramesh V | Rahul Reddy | Vikas Anand Vatul | Lilesh Barik | Lalit Kumar | Prakash Tiwari | Rajwant Kaur #Intellect #eMACHai #BharatCooperativeBankingSummit #IntellectDigitalCore #DigitalTransformation #CooperativeBanks

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Rise of decentralised finance (DeFi): A new frontier for fintech in India Broadridge Broadridge India DeFi is not just a buzzword—it is here and rapidly growing. Across the globe, people are using DeFi for loans, investments, and even to earn interest on their savings. Believed to be the industrial revolution of our time, it aims to transform traditional finance through technology, promote financial inclusion, and democratise access at a time. Rise of DeFi in India and its future, DeFi provides more transparency, programmability, elimination of middlemen, accessibility, and inclusivity than traditional banking systems #defi #fintech #digitalpayments #blockchain Kishore Seshagiri Ashfaq Ahmed FSV Capital FSV Labs https://lnkd.in/drj52fKm

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SEBI Advocates Regularization Of Fractional Ownership Platforms While direct ownership enables developers to tap multiple asset buyers at a larger level, FOPs and SM REITs facilitates the eventual ownership by small scale investors at the retail level #SEBI #SMREITs #FractionalOwnership #RealEstate #CommercialRealEstate #REITs #Investment #Regulation #MarketPotential #AssetDiversification #RetailInvestors #ColliersIndia #StrataSale #MarketValue #AssetClasses

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Stock Gift of US company shares to Indian residents https://lnkd.in/gF4JXBhY Key take away:- 1. Founders who received Stocks of US entity through "Gift" are being questioned by ED, as there is a FEMA vilotion. 2. If Stock gifts received from a relative abroad, there is no issue. 3. However, if Gift received from third party - such gift needs to be in accordance with the provisions of FCRA. It is unclear at this stage whether the persons questioned by ED would be able to regularise the contravention by a paying or would have to unwind either the FDI or ODI leg to fall in line with FEMA. Hence we suggest you to keep the document in place for submission, if there is a Notice issued on this subject.

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Transforming Rural India: The Power of Hesa It's inspiring to see how Hesa is revolutionizing rural commerce by integrating it seamlessly into daily lives through smartphones. The blend of telecom and internet is unlocking new opportunities, making commercial activities more accessible than ever. Hesa's innovative approach is not just about technology; it's about empowering communities, fostering growth, and bridging gaps. Curious? Check out this incredible story below

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Zerodha launches new fund to support global open source projects. This is the first kind of fund which support open source projects. Great initiative Nikhil Kamath The fund represents a structured effort to provide financial support to FOSS projects, ensuring long-term sustainability for developers and contributors. A dedicated $1-million annual fund aimed at supporting Free/Libre and Open Source Software (FOSS/FLOSS) projects globally. emphasised the importance of FOSS in Zerodha's success, acknowledging that the company has been built on open-source tools and technologies — from programming languages to databases. #opensource #community #developers The Linux Foundation Open Source India Zerodha https://lnkd.in/duVh2tWV

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Over the past few years, the Unified Payments Interface (UPI) has revolutionised the way we handle transactions in India. From its inception to now, UPI has grown to become one of the most preferred modes of payment, facilitating seamless, secure, and instant transactions for millions of Indians. What is truly remarkable is the penetration of UPI in semi-urban and rural India. Traditionally, these areas have faced challenges in accessing reliable financial services. However, with UPI's advent and widespread acceptance, we are witnessing a significant surge in UPI transactions at retail outlets across the country. This surge is not just a testament to the convenience and efficiency of UPI but also to the growing digital literacy and financial progression in these regions. At PayNearby, we take immense pride in being a part of this transformative journey. Our mission has always been to empower local retailers and ensure that essential financial and digital services are accessible to everyone. Through our extensive network, we have enabled countless retailers to offer UPI services, thereby bringing banking to the doorstep of the citizens. The impact of this is profound. Over the last one year, transactions on UPI QR codes at nearby retail outlets have seen an 84% growth, and this signifies a strong shift of the people in Bharat towards digital payments. Local retailers, acting as banking touchpoints, have become the linchpin in the financial ecosystem of their communities. They are not just facilitating transactions but are also educating and encouraging people to embrace digital payments. This has not only enhanced their income but has also contributed to the broader goal of financial progression. As we continue to move forward, our commitment remains unwavering. We will keep pushing the boundaries to ensure that every corner of Bharat is connected to the digital economy. Together, let's celebrate the success of UPI and work towards an even more inclusive financial future. https://lnkd.in/g7fuXzTz #UPI #DigitalPayments #FinancialInclusion #PayNearby #DigitalIndia #Fintech #EmpoweringRetailers #FinancialServices

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Plagiarism and research misconduct are significant concerns in India's academic and scientific communities. Historically, the country has lacked a statutory body dedicated to addressing scientific misconduct, leading to inconsistent handling of such cases. Recognizing the gravity of this issue, the University Grants Commission (UGC) introduced the "Promotion of Academic Integrity and Prevention of Plagiarism in Higher Educational Institutions Regulations" in 2018. These regulations mandate higher education institutions to establish mechanisms that detect and prevent plagiarism, promote academic integrity, and implement penalties for violations. In 2020, the UGC further recommended that all universities and institutions set up Offices of Research Integrity (ORI). These offices are tasked with implementing guidelines on good academic research practices, swiftly addressing research misconduct, and fostering a culture of ethical research. Institutions like the Jawaharlal Institute of Postgraduate Medical Education & Research (JIPMER) have proactively formed Plagiarism Checking Committees. These committees review theses and publications to ensure originality and adherence to ethical standards. Despite these initiatives, challenges persist. The absence of a centralized statutory body akin to the U.S. Office of Research Integrity means that cases of plagiarism are often addressed in an ad-hoc manner, leading to calls for the establishment of an independent ethics body. In conclusion, while India has made strides in promoting academic integrity through regulations and institutional mechanisms, the establishment of a dedicated committee or statutory body to oversee and enforce research ethics remains crucial. Such a body would ensure consistent handling of misconduct cases and uphold the credibility of Indian research on the global stage.

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What do you think of mutual funds with traders mindset: Sebi suspects front-running in Sandeep Tandon-owned Quant Mutual Fund; conducts search and seizure operations https://lnkd.in/gEQFPn2s

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