Entrepreneurial dreams powered by AI
Scores of Indian startups are building AI-driven tools and solutions to solve real-life problems. ET delves deep into these ventures figuring out the excitement as well as the challenges.
Scores of Indian startups are building AI-driven tools and solutions to solve real-life problems. ET delves deep into these ventures figuring out the excitement as well as the challenges.
Kailash Nadh, CTO at Zerodha, tells ET why Indian startups are yet to deliver any big breakthroughs in the global GenAI technology race. hile many Indian startups have launched AI-enabled offerings, “if they’ll have moats or USPs (unique selling propositions) to offer, it remains to be seen,” he said.
New and existing investors Microtek Group, SRK Family Office, and Transition VC also participated. It last raised $1.2 million in May 2024 in a funding round led by Transition VC and Gruhas. The funds will be used to scale its two- and three-wheeler energy solution to over one lakh vehicles over the next two years, invest in R&D capabilities for its proprietary battery health extension software and expand the team.
New data rules will require organisations using AI to perform due diligence on their algorithmic software. This change is expected to affect companies involved in AI products or services. The rules focus on data protection and compliance, creating challenges for companies to balance between innovation and regulation, unlike the stricter EU AI Act.
The government's move to tighten data regulations is creating opportunities for startups focusing on compliance and privacy. Regulatory-tech firms and AI-driven ventures aim to help companies manage customer data and comply with guidelines. Small enterprises and startups may face challenges, but the market for privacy-tech solutions in India is expected to be significant.
According to the report by Cred Money, around 42% of individuals receive dividend payments an average of 10 times a year, indicating a shift in how Indians are approaching passive income generation, and 71% are actively investing a median of 28 times annually.
Sachin Bansal is negotiating with investors to sell his $100 million stake in Ola, valuing the company at around $4 billion. Bansal aims to liquidate his holdings in Ola to focus on his fintech venture, Navi. Navi has faced some regulatory hurdles while seeking external capital.
India's business messaging market will exceed $1 billion by 2025. Growth will be driven by WhatsApp Business and RCS. Innovations like Apple RCS, GenAI-driven customer communications, and WhatsApp voice communications will push further growth. The market is expected to grow significantly in the coming years with new channels and technologies capturing larger shares.
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