Sachin Kulkarni’s Post

India's GenAI startup landscape is booming! 🚀 According to Nasscom’s 2024 report, the number of GenAI startups surged 3.6x, from 66 in early 2023 to 240+ by mid-2024, attracting over $750M in funding. With 17 native GenAI models and 80% of new startups offering GenAI assistants, India's tech-driven growth is undeniable! 💡 Deep-tech innovation is paving the way to contribute $1T to GDP. https://lnkd.in/dxuyDfbe #AI #TechGrowth #Innovation

New Post: Oyo valuation crashes over 75% in new funding - https://lnkd.in/gCR5d6KV - The valuation of Oyo, once India’s second-most valuable startup at $10 billion, has dipped to $2.4 billion in a new funding round. The Gurugram-headquartered startup has raised $173.5 million in a Series G funding round. InCred Wealth, Patient Capital and J&A Partners invested in the new round. TechCrunch reported in May that Oyo was seeking © 2024 TechCrunch. All rights reserved. For personal use only. - #news #business #world -------------------------------------------------- #MagicTheGathering #macos #mac #tradingcardgame - SellingIt(.)org ---> https://sellingit.org

Today we unveiled the 2024 edition of the ASK Private Wealth Hurun India Future Unicorn Index. Over the years, I’ve seen this list become the go-to reference point for identifying high-potential start-ups. In this edition, we are spotlighting 150+ future unicorns across a wide range of sectors – like Fintech, Edtech, AI, Aerospace and more. Startups are playing a crucial role in fostering innovation. There is an increasing focus on profitability and sustainable operating models, with 22 of the list entrants making profits. More than 1.5 lakh people are employed by Future Unicorns. These are green shoots of tangible impact metrics, and this is a pivotal time for India's startup ecosystem. Do read the full report here: https://lnkd.in/dStU9yf7 for more insights.

Updated Post: Peak XV takes startups on a Silicon Valley trip in AI push https://buff.ly/49wRb88 Peak XV, the venture capital firm that split from Sequoia Capital last year, is taking its portfolio companies from India, Southeast Asia and Australia on an “immersion” trip to Silicon Valley this week to meet several industry titans, the latest in the venture firm’s broadening offerings and networking flex. About 60 founders, many backed by Peak XV’s powerfully influential program Surge, will join partners from the firm on the trip to meet industry leaders and visit AI research centers, according to a participant briefed on the matter. The week includes strategy sessions with executives from OpenAI and Nvidia as well as Sequoia partner Doug Leone, and talks from seasoned operators like Uniphore chief Umesh Sachdev and DoorDash advisor Gokul Rajaram, according to an email the firm sent to portfolio startups seen by TechCrunch. The program, internally dubbed “Immersion Week,” is the latest peek at Peak XV’s broadening roster beyond writing checks as competition intensifies among venture investors seeking access to the most promising AI startups globally. India, one of the largest startup ecosystems, currently lacks the depth in deeptech and AI startups. Very few players in India are attempting to build foundational large language models. Sarvam AI, one such startup, announced a $41 million funding late last year led by Peak XV and Lightspeed India and scored a partnership with Microsoft last week. Investors say that many existing startups in India are strategizing on what new capabilities to build and in finding customers overseas — and that’s where a trip like ‘Immersion’ can prove beneficial. Peak XV, which has $2.5 billion to deploy in the region, has taken an aggressive approach since its split last year, rapidly building out its bench strength and networking capabilities across geographies. Peak XV didn’t immediately respond to a request for comment Monday morning. But in the email to portfolio companies over the weekend, Peak XV told founders the trip would “focus on building world-class products” and gaining “a glimpse into the AI world.” Peak XV Managing Directors Shailendra Singh, Rajan Anandan, Harshjit Sethi, Ashish Agrawal, and Surge Partner Pieter Kemps are among those hosting the week, according to the person briefed on the matter. #entrepreneurs #leadership #news #IT #success

As part of its ongoing effort to expand its offerings and expand its network, #PeakXV, the venture capital firm that separated from Sequoia Capital last year, is bringing its portfolio companies from Australia, India, and Southeast Asia to Silicon Valley this week for a "immersion" trip where they will meet with a number of powerful figures in the industry. A participant briefed on the topic stated that about 60 founders, many supported by Peak XV's very #influential program Surge, will go with partners from the company to meet industry executives and tour AI research facilities. As obtained by TechCrunch, the company issued an email to its #portfolio businesses that included strategy sessions with executives from OpenAI, Nvidia, and Sequoia partner Doug Leone. It also featured speeches from seasoned operators such as Umesh Sachdev, the CEO of Uniphore, and Gokul Rajaram, an adviser for DoorDash. With competition among venture investors escalating for access to the most promising AI #businesses worldwide, the program, internally nicknamed "Immersion Week," offers the most recent glimpse into Peak XV's expanding portfolio beyond writing checks. Currently, deep tech and AI startups are not as prevalent in India, despite being one of the largest startup ecosystems. Building huge language models from the ground up is something that very few players in India are doing. One such business, Sarvam AI, struck a deal with #microsoft last week after announcing a $41 million fundraising round headed by Peak XV and Lightspeed India late last year. A trip like "Immersion" might be helpful in this regard, since investors claim that many Indian entrepreneurs are now planning what new skills to #develop and how to attract clients abroad." www.tycoonstory.com #venturecapital #ai #startupfunding #networking #innovation #growthhacking #siliconvalley #startuptrip #globalreach #investments #entrepreneurship #PeakXV #SurgeProgram Peak XV Partners Vasanta Majety Pushpak Kedia Harshal Kamdar Dipanjan Sengupta

🇮🇳 77 Years of Independence: India’s Global Footprint in Innovation 🇮🇳 As India celebrates 77 years of independence, we honor not just our freedom but also our journey toward becoming a global leader in innovation and technology. India’s entrepreneurial spirit has transformed challenges into opportunities driving the nation to the forefront of the global startup ecosystem. From Bengaluru to Silicon Valley, Indian startups have made their mark, disrupting industries and creating solutions that resonate worldwide. The diversity of our nation is reflected in the diversity of ideas emerging from our startups—ideas that are not just changing lives in India but are also contributing to global progress. Whether it's fintech, edtech, healthcare or AI, Indian entrepreneurs are leading the charge in creating products and services that are scalable, sustainable and socially impactful. On this Independence Day, let's take pride in our nation’s ability to dream big and achieve bigger. We are a nation of innovators, thinkers and doers, and our startup ecosystem is a powerful example of what we can accomplish when we set our sights on the future. Wishing everyone a Happy Independence Day! 🇮🇳 #IndependenceDay2024 #GlobalInnovation #IndianStartups #IndiaAt77 #TechIndia #InnovateForTheWorld #Sharkdomer

If you're an entrepreneur or an industry leader, and if what India is doing today impacts your decision-making, Blume Ventures "Indus Valley 2023" is the go-to report. Here are some interesting facts the report covers: 1. What is the TAM of the Indian California class, the one every other brand/startup intends to target? The report interprets data from a host of sources, including OTT, e-commerce, and demat accounts to household income. One of the best interpretations of data I have seen in recent times. 2. It covers the Indian manufacturing sector's status today and its growth potential. Has in-depth coverage of its comparison to China, policies that led to this growth, workforce and various players in this field. 3. This has been compiled by a VC firm and covers the realm of funding too :-) Thanks, Blume Ventures for making this public https://lnkd.in/gzdsBxuS

I have been rated on an #EntrepreneurshipIndex by the #VikshitBharat platform through Fostering Startups & Innovation Ecosystem. This was an interesting exercise. VikshitBharat is known for its vision towards a developed and empowered India by 2047, focusing on growth, inclusivity, and fostering startups and innovation ecosystems. Startups face limited resources, poor online presence, inefficient processes, inefficient lead generation, limited brand awareness, financial difficulties, and production challenges. Overcoming these requires strategic planning and support. Fostering startups significantly impact innovation by creating a dynamic environment where new ideas can flourish. Startups often introduce disruptive technologies and business models, driving economic growth and societal benefits through job creation, investment attraction, and fostering a culture of continuous improvement and collaboration.

Here’s why copying proven U.S. business models to India is genius: Lower Risk: Why reinvent the wheel? If it’s already successful in the U.S., you’re reducing the risk of launching something brand new. Tech & Innovation: You get to leverage U.S. innovations and bring them to the Indian market, which means a faster entry and a competitive edge. Huge Market: India’s middle class is growing, with more disposable income and a massive demand for global trends. Perfect timing! Healthy Competition: Bringing in these models improves product quality as more players jump in. Think Ola-Uber, Flipkart-Amazon, and Zomato-Doordash. Rapid Scaling: India has untapped market potential, and copying successful models helps you scale fast by filling in local market gaps. Want to know where to find these winning ideas? Start tracking these sites that reveal the best of U.S. startups: BetaList: See early-stage startups and brand-new ideas before anyone else. VentureBeat: Your go-to for tech innovation news, trends, and in-depth industry insights. Y Combinator: Find companies backed by one of the biggest startup accelerators in the world. 500 Startups Blog: Get insights on early-stage ventures from a top global venture capital firm. TechCrunch: Stay updated on the latest tech and startup news, events, and trends. Remember, copying isn’t just about following; it’s about adapting and reshaping these ideas for the Indian market. Which startup would you like to see in India next? Comment below!

Attending The Great Indian Startup Summit '24 in Bangalore was an inspiring experience! I had the opportunity to connect with a wide range of startups and dive deep into understanding their unique problem statements. It was insightful to learn about the innovative solutions these companies are developing to tackle real-world challenges. One of the key takeaways for me was seeing how startups can leverage cloud infrastructure to grow efficiently. Vultr truly stood out for its industry-leading price-to-performance ratio, making it an ideal choice for startups looking to scale globally. With Vultr’s robust product suite and managed services, these businesses can deploy their solutions across multiple regions and manage operations with ease—while keeping costs well under control. It’s exciting to see how the right technology can empower startups to compete and thrive on a global stage. Looking forward to seeing more innovation in the future! Mayank Debnath, Digvijay Singh Bisht #TheGreatIndianStartupSummit #CloudComputing #Vultr #StartupEcosystem #Scalability #Innovation