Vahan aims to enhance its AI recruitment tech, supporting eight major Indian languages like Telugu, Tamil, and Kannada.  The funds will also help Vahan expand into manufacturing, logistics, and re...

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- Vahan aims to enhance its AI recruitment tech, supporting eight major Indian languages like Telugu, Tamil, and Kannada.
- The funds will also help Vahan expand into manufacturing, logistics, and retail, offering loans and upskilling services.
- Founded in 2016 by Madhav Krishna, Vahan uses AI and WhatsApp API to automate blue-collar hiring.
- The $10 Mn Series B round was led by Khosla Ventures, with participation from Y Combinator and others.
- Vahan plans to increase monthly placements to 100,000 by next year, with a long-term goal of creating opportunities for a billion people. 

 Source: [Inc42](https://inc42.com/buzz/vahan-nets-10-mn-to-bolster-its-ai-play-for-blue-collar-workforce/)

Vahan Nets $10 Mn To Bolster Its AI Play For Blue-Collar Workforce

Journalist

Vahan Nets $10 Mn To Bolster Its AI Play For Blue-Collar Workforce- Grapevine

Welcome to Indian Startups's Private Community

- Sarvam AI - $41M (Lightspeed and Peak XV) 
- Mad Street Den - $67M (Avatar, Peak XV) 
- Wysa - $25M 
- Neysa Networks - $20M (Matrix Partners) 
- Scribble Data - $2.3M (Blume Ventures) 
- Expertia AI - $1.3M (Chiratae Ventures) 
- OnFinance - $ 1.1M (Silverneedle Ventures) 
- Krutrom AI - $50M (Matrix Partners)

India’s biggest Ai startups that raised more than $1M

Operations Manager

What is this Karya, and why is Satya Nadela promoting it?

I heard the video, 20×minimum wage can't possibly be True. Minimum wage in India is 200 Rs per day, so these women cannot be earning 4000 a day. This means 1.2L a month. Is it only a bullshit PR campaign masquerading as a Social initiate or is there really something to it? 

Your thoughts please

https://www.linkedin.com/posts/satyanadella_village-by-village-creating-the-building-activity-7160869870660718592-02XL?utm_source=share&utm_medium=member_android

Microsoft people on GV, need your honest opinion

Business Analyst

What's up with the HR-Tech folks? 
Anything cooking in this industry

Recruitment is a 200 yr+ old industry
- Why are only a few B2B startups in this space? (Zoho, GreytHR.. 
- Can this industry get rid of Agencies?
- What USP can help in this space?

Anyone who can help get insights?

Is Recruitment-Tech dead?

Founder

Saarti.ai, an AI based tech support startup hasn't paid salary to their employees since March'23. They have been giving fake hopes that employees (140+ folks) will receive it soon and all. But their pockets are empty. The most interesting part, the senior management is still getting paid, but others aren't. 

Employees are scared to call this out as they are worried that they won't get the backlog salary. 

PLEASE SHARE THIS AS MUCH AS YOU CAN ON ALL THE PLATFORMS. These people should be answerable

Founder: https://www.linkedin.com/in/vishwanathjha1/
Website: saarthi.ai

Saarthi.ai unable to pay salary to their employees. Delayed by 90+ days

Product Manager

- Andrew Ng's AI Fund has made its first investment in India, backing AI healthcare firm Jivi.
- The booming Indian AI market is expected to grow to $22 billion by 2027, with startups accounting for 15-17% of the market.
- Jivi uses AI for diagnoses, treatments, health reports, and administrative tasks.
- The investment amount and stake bought by AI Fund were not disclosed.
- AI Fund, backed by Sequoia Capital and Softbank Group, has also invested in Podcastle and Octagon AI.

Source: [Reuters](https://www.reuters.com/technology/artificial-intelligence/andrew-ngs-fund-makes-first-india-investment-with-ai-healthcare-firm-jivi-2024-10-08/)

Andrew Ng's AI Fund Invests in Indian Healthcare Firm Jivi

VC funding based on revenue multiples and profit (😂😂😂) multiples is soon going to be obsolete. 

Common sense says company's valuation should be summation of yearly profits it can generate till the company exists... 

So if reliance has profit of 8 billion $ , market estimates that it's valuation should be around 25x multiple of its profit that is to say that if reliance keeps on generating same amount of profit for year on year, it will not exist after 25 years.

Now tell me, what shelf live does these VC funded startup have?

I honestly don't see all these tom dick and Harry mobile based and web based startups existing by end of this decade thanks to AI revolution.

People are still oblivion to what AI will do to white collar jobs 



Just out of curiosity, is there any single VC funded Indian startup in last 10-15 years which is immensely profitable ? 

Or for that matter any global giants like Amazon, Uber, Airbnb etc. which has turned profitable in Indian territory?

Future of VC funded mobile and web based startups

Software Engineer

Welcome to Software Engineers's Private Community

Recently we saw Paytm making layoffs due to AI.
Are there any other companies that did the same?
People whose companies laid off people due to AI. What kind of automations made it possible?
Is AI actually doing the work or is it just an excuse to lay off people?

Layoffs due to AI

Software Developer

interested may kindly apply to https://www.sarvam.ai/

The first genuine AI company from India which seems promising because (a) Founders are extraordinary (b) backed by Khosla Ventures

Anyone from vahan? How is the company doing? Is it facing the same fate as apna?

How is vahan doing?

willl try my best to be honest, ask me anything

AMA - I work at a VC fund

Analyst

- Safe Superintelligence (SSI), co-founded by Ilya Sutskever, has secured $1 billion in funding.
- The funds will be used to acquire computing power and hire top talent.
- SSI is valued at $5 billion and has 10 employees split between Palo Alto and Tel Aviv.
- Investors include Andreessen Horowitz, Sequoia Capital, and DST Global.
- Sutskever aims to develop safe AI systems that surpass human capabilities. 

 Source: [Reuters](https://www.reuters.com/technology/artificial-intelligence/openai-co-founder-sutskevers-new-safety-focused-ai-startup-ssi-raises-1-billion-2024-09-04/)

OpenAI Co-founder Sutskever's New AI Startup SSI Raises $1 Billion

In other unrelated news, Nvidia order book grew by $800 million.

Program Manager

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

People who were affected just got emails. Orgs include Search, Cloud, Ads , Assistant,  Pixel, etc. Engg is affected

Big layoffs at Google!

Last I saw someone post that his Google Interview has started.  
  
 Guess, FAANG are showing their fangs.  
  
 Apple laid off subcontractors and not employees from what I read.

Research Engineer

AI = An Indian (in backend)

Software Project Manager

Navi Technology founded by Sachin Bansal is doing mass layoffs which started on Tuesday (11 July)

Mass Layoffs at Navi Technology

Damn no wonder they are firing 
 I know some average freshers who joined at 21 base last year  
 Overpaying for average talent always results in firing in startups,is what I have observed

Vahan Nets $10 Mn To Bolster Its AI Play For Blue-Collar Workforce

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