Darling, tech will zoom in February. It's due to exciting advances in the industry and potential Fintech innovations. Simple, isn't it?

Exactly 0 of the things listed above are fintech

Software Developer

What weed are you smoking bro 
 Most of this are literally ai, robotics,BCI and spatial computing innovation

Product Manager

Welcome to News Discussion's Private Community

Tech acceleration in February

Tech acceleration in February- Grapevine

Welcome to Indian Startups's Private Community

Been spending way too much time on Grapevine lately - absolutely loving it @Micheal_Scott!

Posted the Prosus report takeaways yday - lots of you DMed asking questions. Then I saw NewsAnchor break down the entire Prosus Annual Report - great stuff.

I was an Associate at one of the largest VC funds in India, so I enjoy going through new reports and summarising them - found my notes from Bain's India Venture Capital Report 2024. Thought of sharing the unedited summary that I shared with the Partners at the fund, have a bunch of these - can share more if of value to any of you here (ofc removing the confidential parts)

Notes:
1/ India's maintaining its gravitational pull despite the global funding crunch. Sure, overall funding nosedived 63% to $9.6B, but we're still the #2 destination in Asia-Pacific. Might not necessarily be a crash, it's a necessary course correction.
2/ Early-stage investing is showing remarkable resilience. Seed deals now comprise 70% of all deals, up from 60%, with average check sizes holding steady at $1.4M. Smart money is quietly positioning itself for the next wave of innovation.
3/ The tech-only playbook is being rewritten. While consumer tech, fintech, and SaaS still command 60% of funding, traditional sectors like BFSI are gaining ground, with average deal sizes jumping from $8M to $15M. We're witnessing the birth of tech-enabled, not just tech-centric, growth stories.
4/ The unicorn factory has hit pause, with only 2 new billion-dollar valuations vs. 23 in 2022. Mega-rounds ($100M+) plummeted from 48 to 15. This isn't a drought; it's a return to fundamentals. The era of grow-now-profit-later is firmly behind us.
5/ Generative AI isn't just hype; it's reshaping the landscape. Funding exploded from $15M to $250M, with 80% flowing to existing companies integrating AI. India's quickly becoming a laboratory for practical AI applications, not just speculative moonshots.
6/ Electric mobility is rewiring itself. While overall funding dipped slightly to $600M+, charging infrastructure investment surged 50%. The real opportunity isn't just in vehicles; it's in building out the entire EV ecosystem.
7/ Exits are defying gravity, leaping 1.7x to $6.6B. Public market sales led the charge at 55%, even as IPOs cooled. LPs are getting liquidity, and the secondary market is proving surprisingly robust. There's still appetite for quality assets.
8/ PE is no longer just watching from the sidelines. These players doubled their share to 25% of investments, going toe-to-toe with traditional VCs. The lines between growth equity and venture capital are blurring, and it's changing the game for late-stage rounds.
9/ We're watching natural selection in real-time. Yes, 35,000+ startups shuttered and 20,000+ layoffs hit the headlines. But companies like Groww and Indifi turned profitable. This isn't a bubble bursting; it's an ecosystem strengthening its foundations.
10/ Domestic VCs are coming of age. While overall fund-raising halved to $4B, homegrown VCs led 90%+ of raises. They're not just following; they're specializing, with thematic funds like Omnivore's $150M agritech vehicle. The ecosystem is bootstrapping its own future.
11/ Regulation isn't just tightening; it's evolving. Angel Tax expanded and lending norms got stricter, but we're also seeing innovative policies like UPI for foreign travelers. India's crafting a uniquely balanced approach to fostering innovation while maintaining stability.

Topics we can discuss during our standup:
1/ Can India produce global tech giants if it's primarily adopting rather than pioneering in areas like AI? How do we enable this?
2/ How will the shift towards profitability impact India's ability to foster truly disruptive innovations? Implications for us, how should we be evaluating deals differently?
3/ With domestic VCs leading the charge, how will this change India's startup narrative on the global stage?
4/ Is this maturation setting the stage for more resilient, globally competitive Indian startups, or are we risking our innovation edge? How do we look at thesis driven investing v/s fomo investing?

Link to Bain's report - https://www.bain.com/insights/india-venture-capital-report-2024/

P.S. Do note that this is 6+ months old - data points mostly look diff now but sharing it anyways. Will post more as and when I get time :)

My notes on Bain's 2024 VC report as a VC Associate

Investor

Which Indian Startups are doing good in 2024?

I'll go first : 

1. Clickup
2. whop
3. Even healthcare 
4. Gumroad 
5.  Polymarket 


And mention the reason also, if possible.

Time to discover some less-known startups 🍿

What are some cool startups (globally) you would love to work with?

Byjus for its  honest business environment , compassionate work culture

Consultant

Have met few founders in the last few months they have reduced tech teams to 20-30% of original teams and the rest team is mandated to use AI tools to improve efficiency of tech and speed of execution. The cost of their operations have improved. AI first and assistive approach people are following instead of old tech development ways. 

Happy to hear more such cases and how they are operating. As this is going to be a new way of operating in the near future for companies.

Cost of tech team + product development going down with AI tools

Founder

Welcome to Fintech India's Private Community

What is the most exciting fintech innovation you've seen in India recently?

I'm thrilled to share our latest developments in our startup:
 We launched our prototype and it's gaining momentum! Our previous product, currently in stealth mode, has remarkable insights. 
However, the GPU usage costs have skyrocketed.

 Our new goal? To build an AI platform that serves as a cost-effective hub for training AI models. No one's tackling this issue, so we are the first ones to solve this issue. We already have some ties with the microchip manufacturer.

 Here's the thing: While we've been self-funded until now, we're now exploring seed funding. But there's a catch – we're cautious about accelerators and VCs. I have seen them undervalue my mate's company and prioritize quick revenue over steady growth.

So how should we go about it ?

I'll drop an example post for much clearer problem statement.

Exploring Seed Funding Options for Our AI Innovation

Welcome to Data Scientists's Private Community

Comment any New Tech/tool/method u found or wanna share in Data Science (doesn't matter if few people already know)

New Tech

Anyone experienced with Deeptech startups, how is the quality of work and development?

Do you agree with this?

Associate Product Manager

Welcome to Software Engineers's Private Community

Which companies are hiring for which role? What are some secret strategies that you guys would suggest to get in?

[LIVE] Which companies are hiring in February?

Google is hiring for a few roles. Willing to refer people here. https://www.google.com/about/careers/applications/jobs/results?location=India

Welcome to Business Roles's Private Community

I have been looking for a more decision-making role at a small startup where I can drive a vertical.

If you know someone who is looking for a non – tech co-founder or has some vacancy for new initiatives and strategy. Kindly consider my profile.

Here's what I have done so far:

Program Operations Manager – Robotics Accelerator and Fund (India and SEA)

•	Designed and implemented a three-phased accelerator program
•	Closed credit deal worth 500,000 dollars across SAAS and CAD tools to enable startups to have a kick start in their journey 
•	Partnered with incubators and accelerators across India for deal flows
•	Ideated and executed a full-fledged automated tool to track and manage the 3 - phased accelerator program and Fund Raising

-----
Investor Relations and Product Development (Investments) – YC Backed Fintech Startup

•	POC for Investors, Product Management and Development (Investment)
•	Built a single-screen dashboard to profile users and persona, automated customized notifications, and content to increase conversion by 40%
•	App v.3.0.- Ideated, created logic, and developed the Flagship, Opportunities offering.
•	Established and maintained partnerships with AMCs, asset providers like Golden Pi, Lendbox external vendors,

----
Founding Team – Fintech Startup (Funded by Accel, Matrix, Elevation and Bloom)

•	I have managed a clientele of 2000+ in the retail and HNI investor category single-handedly.
•	In the customer success team, I led the vertical of NRI investors.
•	Being a part of the 0 to 1 journey I had multiple feathers on my hat where I contributed in spaces ranging from Product to Investment and Operations.

----
Founder - A diet based customised meal plan and delivery startup

•	Diet plates started with the idea of being a one-stop solution for all the food-related requirements for lifestyle disease patients.
•	Scaled it up from zero to a subscription model for a clientele of 200 customers.
•	Got it incubated at IIM - B incubation cell

Looking for a change

Strategy & Operations

Hi Folks, Can you please let me know which startsups or organisation we should not join 

Reason may be:

No Mission and Vision
Pathetic HR Policies
Burning investors money with 0 Revenue product
Random Hiring and Layoffs
Other reason you can mention
Dirty Politics
Dirty Appraisals and Promotions
If i missed anything mention in comments 

So that our geeks will not join pathetic place and save atleast current job

Do not join list

UX/UI Designer

Name of company
Months left according to you
Reason

For me:

Byjus
7-8 months max
Selling tabs and doing fraud with poor parents 
In name of edtech doesn't work

Which indian startup do you believe will die soon and why do you believe it

Looking for a change :)

Lead social, brand, perf, SEO, partnerships, community, growth, pretty much everything across zero to fairly high budgets. Happy to help.

Marketing lead, 10.5 years, here to help!

Brand Marketing Manager

The data is from Carta and mostly North American companies.

50% increase in startup closures

Most AI startups

Be more brief, if its part time, full time, how are you managing time, do you earn from it, hobby or responsibility, etc

Folks doing side gigs, what are you doing?

Google map reviews. Have earned 500 so far. About to invest about 4L for a 8L return. 🥸

Software Engineer

What is the biggest hike you ever got?

Growth Manager

Specifically for people in tech startups/tech ecosystem, what makes you hopeful about the coming year? What are you looking forward to?

Hopeful about 2024?

Investment Associate

Welcome to Office Gossip's Private Community

Hi peeps, 

Given the wonderful places you all work in, wanted to request if people can share good roles available out there at your company/some place you know. 

I’m on the lookout to a switch, but I know many are, might be very helpful to have shares across diff companies and roles. 

Hope this is okay. Thanks good people!

Jobs Thread: Who is hiring in November 2023? (TIA)

Uber, Zepto, Msft (DS team) and Walmart are aggressively hiring

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