AI, EV and Beyond
Newer Themes & Patterns of Investing are emerging in 2023…here are a few that I picked up at GSF Founders-Investors Mixer at @TheQuorumClub
1) AI is disruptive but our fastest zero to Rs100CR revenue company from India in Surge is a D2C brand - took 9 months and got there with +20% PAT" @RajanAnandan@SequoiaIndiaSEA
2) We have already invested Rs 1100 crs in acquisitions & domestic SaaS companies…we will focus on a few late stage investments in 2023 @DineshAgarwal@IndiaMART
3) Generative AI is a massive opportunity so is EV @rahultaneja@LightspeedIndia
4) We remain bullish on India Consumption story & Sustainability @AnupOrios @OriosVP
However the 2 most debated topics were:
1) Are Indian VCs going to fund a few moonshots in 2023? Current flavour seems to be to fund profitable startups.
2) AI and its impact on the society and startups is the elephant in the room..expect all VCs to have 2-3 Generative AI startups in their portfolio but would VC investment model itself be distrusted by AI?
@gsf_fund@nlaiq@masa_yamamoto18@GulatiD
Early Stage Investing in India is in spring mode; there is no funding Winter: GSF Founders-Investor Mixer at Gurugram @TheQuorumClub
- Valuations are down 25% to 75% across stages @kapoortej FOMO—>JOMO, but great time to invest in startups. @IvyCapVentures
- It will take 2-3 years for late stage unicorns to fit their businesses into the high legacy valuations they carry @SandeepAgg@letsdroom
- Global investors ( even HNIs from Africa) want to invest in Indian startups @pearlagarwal7
- I am looking to buy startups in media & gaming @trackmanish
- We are investing at a higher rate than ever before @SriPeddu
Happy birthday to a very special man @KhadimBatti! His humility, thoughtfulness and balanced judgment continues to amaze us after 8 yrs. Learnt a lot from him. Thanks for being there for our special day despite this being your special day 🙏
@Stellaris_VP
Watch out this space and continue to Think Big, Trust Yourself and make it happen!
Thank you to all our mentors, advisors and investors for their continued support and encouragement. It would not have been possible without you 🙏
I’ve known Senator @KamalaHarris for a long time. She is more than prepared for the job. She’s spent her career defending our Constitution and fighting for folks who need a fair shake. This is a good day for our country. Now let’s go win this thing.
HDFC Sec launched MF portfolio analyser product yesterday. But seems they were well inspired :) .. including designs, text, fonts, icons, and design language (contour lines).