1947 Rise ☀️: 343
Discover more from 1947 Tech Newsletter 🇮🇳
1. Why India will be the AI talent hub of the world
According to Nasscom’s State of Data Science and AI Skills report, India has16 percent of the world’s AI talent pool and one of the largest annual STEM supply lines, with 2.25 million graduates.
According to the Stanford AI index, India ranks first for the Number of GitHub contributions by region as well as AI talent penetration.
Bullish on India | Why India will be the AI talent hub of the world
2. Startup ESOP cashouts hit $1.5 billion over 3 years
Until a few years ago, ESOPs were not as attractive a proposition for startup employees, unless it was a blue-blooded company you were talking about, like Flipkart. Startup employees were not quite sure if the options would turn into a real shareholding and then into money.
But a string of successful initial public offerings (IPOs) such as Zomato, Paytm, Delhivery and frequent ESOP liquidity events by much smaller startups has changed the narrative.
ESOP cashouts have led to $1.46 billion of wealth in the hands of startup employees since the beginning of 2021, according to data from Qapita.
Bullish on India | Startup ESOP cashouts hit $1.5 billion over 3 years
A podcast
1947 Operators ✨
peercheque - Treating founders as peers.
My conversation with Aakrit Vaish is live.
Topics:
→ Founding story of peercheque
→ How does Peercheque operate
→ Future of Indian Venture Ecosystem
→ The rise of Operator investors
→ COCKROACH MENTALITY for entrepreneurs
→ Founding Story of Tech Entrepreneurs Association of Mumbai (TEAM)
→ Mumbai's startup ecosystem
→ Aakrit's relationship with health
& much more!
Full conversation: https://bit.ly/45jThGj
Worth your attention:
Bhavish Aggarwal’s new entity Krutrim SI Designs in talks to raise up to $100 Mn Link
Zerodha’s Nithin Kamath commits Rs 1,000 crore to fund startups via Rainmatter Link
Digital economy to contribute over 20% of India’s GDP by 2026: MoS IT Rajeev Chandrasekhar Link
Debt collections platform Credgenics secures $50 million in funding from Westbridge, Accel, others Link
Healthtech investor HealthXCapital merges into Jungle Ventures Link
Privacy-focused AI firm DynamoFL raises $15 million from Nexus, Canapi Ventures Link