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1947 Rise ☀️: 343

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1947 Rise ☀️: 343

India AI talent hub, Esops & more!

shiva singh sangwan
Aug 17, 2023
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1947 Rise ☀️: 343

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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:

  1. Bhavish Aggarwal’s new entity Krutrim SI Designs in talks to raise up to $100 Mn Link

  2. Zerodha’s Nithin Kamath commits Rs 1,000 crore to fund startups via Rainmatter Link

  3. Digital economy to contribute over 20% of India’s GDP by 2026: MoS IT Rajeev Chandrasekhar Link

  4. Debt collections platform Credgenics secures $50 million in funding from Westbridge, Accel, others Link

  5. Healthtech investor HealthXCapital merges into Jungle Ventures Link

  6. Privacy-focused AI firm DynamoFL raises $15 million from Nexus, Canapi Ventures Link

Hey there, awesome folks! Big props for checking out my piece. If you’ve got any thoughts, feedback, or questions, hit me up on Twitter!

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