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1947 Rise ☀️: 346
AI talent, KKR & more!
1. AI could be India’s largest export, says Nvidia CEO Jensen Huang
Nvidia CEO Jensen Huang was upbeat about India’s prospects when it comes to artificial intelligence, even stating that going forward, AI could be India’s largest export. “It is likely that one of the largest export products of India is AI that you will produce.
2. KKR invests $250 million in Reliance Retail at $100 billion valuation | TechCrunch
KKR is doubling down on its bet in Reliance Retail, valuing India’s largest retail chain at $100 billion in a fresh $250 million investment. The deal follows the Qatar Investment Authority investing $1 billion in Mukesh Ambani’s retail empire just last month.
The New York-headquartered private equity firm KKR invested about $755 million in Reliance Retail in 2020, when the Indian firm was valued at about $62 billion. Reliance Retail, part of conglomerate Reliance Industries, operates 18,500 stores and digital commerce platforms in India, selling everything from electronics to fashion and pharma.
1947 Operators ✨
My conversation with Dhruv Dhanraj Bahl is live ✨
Transition from operators to operator investor.
→ Operator to operator investor
→ Angel investing journey
→ Spotting good deals from bad ones
→ Biggest learning in angel investing
→ Investing process
→ Importance of transparency
→ Power of helping others
→ Right ESOP Policy
And Who is he outside of work?
☀️ Full conversation: https://bit.ly/3P1kUgK
Worth your attention:
Fintech SaaS firm Perfios raises $229 million in series D funding from Kedaara Capital Link
Early-stage VC firm Vertex Ventures’ SEA and India arm raises $541 million in Fund V Link
Coinbase says not discontinuing services in India, but disables sign-ups | TechCrunch Link
NFT startup Rario founders to leave a year after $120M funding | TechCrunch Link
India to explore London Stock Exchange for listing local firms | TechCrunch Link
Atomicwork raises $11 million in seed round led by Matrix Partners and Blume Ventures Link
Byju’s puts Great Learning, Epic on the block to generate $800 mn to $1 bn for loan repayment Link