Vaishak Prashanth

Venture Investments @NexusVP. Past lives: @IndiaQuotient, @McKinsey, @IIMAhmedabad. Views personal. DMs open.

[ranjan_raj @ranjan_vittal]

Today, I'm thrilled to announce Pramaana's $27M seed, led by @khoslaventures.
The foundational domains that hold the world together: tax, law, finance, healthcare; all run on certainty. Probabilistic AI can't give them that. We’ve been asked to accept wrong answers with AI as ‘hallucinations’, while in traditional software terms, it’s just a bug. And a wrong answer in such mission-critical domains is more than just a bug, it's a liability that could have catastrophic impact.

We built Pramaana to deliver a 100% trustable experience to the domains that run on certainty: AI that is provably correct, not probabilistically correct. We turn statute and regulation into machine-verifiable code, so every output ships with mathematical proof of correctness. Our mission is to make AI take ownership of it’s work.
Pramaana in Sanskrit stands for “means of valid knowledge”, and we’re going to achieve that by formalizing the world’s knowledge.

[TechCrunch @TechCrunch]

India’s Snabbit closes $56M round as investor interest in on-demand home services heats up https://t.co/HmsPf1GZ2P

[Aayush Agarwal @Aa_Agarwl]

247 metres.

The median distance our Experts travel between two jobs.

The single number that explains why Snabbit just closed its $56M Series D, taking total capital raised to $112M in two years.

This fundraise is a mandate, not a milestone. Heads down. Back to work.

[Nexus Venture Partners @NexusVP]

Thrilled to lead Slikk's $10M Series A!

Post-quick commerce, we firmly believe fashion is the definitive next frontier for digital disruption. @Slikkclub is pioneering this with 60-min delivery, Try & Buy, and instant refunds, fueling their expansion.

Huge congrats to Akshay Gulati, Om Prakash Swami, Bipin Singh, and the entire @Slikkclub team! Excited to partner in shaping this future.

@pratikpoddar I @itsvaishak I @_puneetKumar I @suvirsujan

https://t.co/J7rrniYnKH

[Aadit Palicha @aadit_palicha]

Reflecting on the past 3 years of building Zepto: the story of 2 kids dropping out of college and starting a company that is worth 30,000 Crores in just 3 years is only possible in one country in 2024: India 🇮🇳

We are ready to dedicate ourselves to building Zepto into a world-class $50B Indian company that employs lakhs - as a way to give back to this country that has given us so much.

@PiyushGoyal @PMOIndia @DPIITGoI @startupindia @investindia

[Y Combinator @ycombinator]

Congrats to the team @ZeptoNow on the $665M round!

On track to exceed $1 billion in GMV, Zepto (YC W21) sells and delivers everything from groceries to electronics to consumers in urban Indian cities in just 10 minutes.

https://t.co/61mTDZNDRS

[Aadit Palicha @aadit_palicha]

One of the best parts about this fundraise is the fact that @NexusVP - the investment firm that led our Series A - is co-leading our Series F as well!

@suvirsujan and the team have been pivotal in Zepto's journey since practically Day 1 (even being involved in naming the company 😁 ). I genuinely don't think we would have achieved this milestone without them.

If you're an entrepreneur building in Indian consumer internet and you're looking for long-term partners who understand what it takes to build a world-class company, Nexus is the firm for you.

[Anand Lunia, IndiaQuotient @anandlunia]

B2B founders, join us to hear from the best...
- What's working in domestic vs international markets
- growth vs unit economics
- building a sales engine
- Working capital and credit

[IndiaQuotient @IndiaQuotient]

📢Introducing #HighIQ Sector Musings - a series of panel discussions for operators. Join us as we bring together founders & VCs to delve deeper into the intricacies of multiple sectors, ranging from B2B & SaaS to consumer & fintech, starting with B2B Marketplaces. (1/3)

[Vaishak Prashanth @itsvaishak]

@Sid_1_0 @DigiYatra Gamechanger 🥲

[Vaishak Prashanth @itsvaishak]

@snehasanks Gifts that keep on giving 🥲

https://t.co/tjh4QaR7pR

[Tata Motors Cars @TataMotors_Cars]

(1/2) Introducing the dynamic and sporty Tata CURVV; With an elegant design combining toughness and durability of an SUV with the sleek design of a coupe.

Visit https://t.co/13c4fq0x9Z to know more.

[Vaishak Prashanth @itsvaishak]

Mind-blowing numbers from a truly generational company. @peakbengaluru ftw.

[Harsh Upadhyay @upadhyay_harsh1]

Zerodha posts ~Rs 5,000 Cr revenue and Rs 2,094 Cr profit in FY22

▪️Op revenue: Rs 4,964 Cr [82%⬆️]
▪️Expenses: Rs 2,164 Cr [71%⬆️]
▪️Profit: Rs 2,094 Cr [86%⬆️]

👉Zerodha claims that its customers, revenue and profits have grown 5X since March 2022 ( during FY23)

[Vaishak Prashanth @itsvaishak]

The painful outcome from this reversion, for the next 2-3 years until the dry powder runs out, will be the continued funding for new businesses that should have never raised capital and will not stand a chance for a next round.

Wasted human effort and capital, but unavoidable.

[sam lessin 🏴‍☠️ @lessin]

The End of “Industrial” Seed VC… (and return to the cottage industry it always was)

[Vaishak Prashanth @itsvaishak]

@tusharknk GPTZero can’t get here soon enough 🥲

[Vaishak Prashanth @itsvaishak]

Why do answers to basically every question asked on Twitter have a ChatGPT screenshot somewhere 😭

[Vaishak Prashanth @itsvaishak]

@ShaanVP So Instagram over Tiktok then

[Vaishak Prashanth @itsvaishak]

The year is 2050. 65y old Luka Modric bosses another World Cup, another young Croatian keeper saves multiple penalties, then goes on to lose in the final against a team with an 18y old hotshot playing for PSG.

#CROBRA #WorldCup

[Fanztar @join_fanztar]

We are super excited to share that Fanztar has featured among the hottest 30 startups in Inc42’s 30 Startups To Watch - a list of 30 early-stage startups that are on the path to disrupting the market!

#startups #creatoreconomy #web3 #fanztar #fans #creators

@IndiaQuotient

[Vaishak Prashanth @itsvaishak]

Right from the horse’s mouth. It’s not the tech that matters most, it’s the end outcomes for people.

Economics will likely be distributed similarly - tech providers will be commoditised and get a smaller chunk. Application providers - and hence outcome generators - get more.

[Dave Rogenmoser ⛳️🤖🦄 @DaveRogenmoser]

What AI Twitter forgets is that 99.9999% of the world doesn’t know what a GPT-4 is, never will, and doesn’t care.

They want to get a promotion.
Or get home to their family early.
Or find someone to marry.

Use AI to help become the hero in their life and they will love you.

[Vaishak Prashanth @itsvaishak]

Incredible at this scale. Obvious, but worth re-iterating anyway - so many opportunities within this ecosystem. Build with/on top of/disrupt.

As always, if you're building something here - we'd love to hear from you - DMs open! @IndiaQuotient

$CRM @salesforce

[Marc Benioff @Benioff]

Salesforce Growth:

2023 $31B (guidance)
2022 $26.5B
2021 $21.25B
2020 $17.1B
2019 $13.2B
2018 $10.5B
2017 $8.4B
2016 $6.7B
2015 $5.4B
2014 $4.1B

Thank you Ohana! ❤️
(Love you forever BT!)