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Navi, robotics firm Addverb among startups vying for talent at B-schools

LivemintLivemint ยท 1y ago
Navi, robotics firm Addverb among startups vying for talent at B-schools
Medial

Several startups, including Navi, BlueStone, Addverb, and Erekrut, are recruiting talent from campus placements at business schools, despite a slowdown in private equity and venture capital funding. Financial technology, human resources technology, robotics, and software-as-a-service companies are hiring candidates with competitive compensation. While top-tier management institutes have mostly placed their students, other schools have reached out to startups to complete their placement drives. Startups are offering niche profiles and attractive salaries, ranging from โ‚น15 lakh to โ‚น35 lakh on average for management trainees. The number of startups visiting B-schools has decreased this year, prompting colleges to actively seek out these companies for placements.

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Nvidia's Bullish Stance on India Creates Optimism for Homegrown AI Start-Ups

OutlookIndiaOutlookIndia ยท 1y ago
Nvidia's Bullish Stance on India Creates Optimism for Homegrown AI Start-Ups
Medial

Investment firm SoftBank Group, led by founder Masayoshi Son, is betting big on AI and has invested billions of dollars in AI startups, including OpenAI and Perpliexity AI. Nvidia, a chipmaking giant, is also optimistic about the AI sector in India and has collaborated with several Indian corporations and startups, including Infosys, Reliance, and Tata, to develop AI technologies. With Nvidia's support and technology, Indian AI startups like Addverb and Gnan.ai are enhancing their AI models and robotics solutions. However, India's computing infrastructure and regulatory uncertainty remain challenges for the AI sector. Nonetheless, the collaboration with Nvidia is seen as a boon for India's AI industry, which has seen a decline in AI startups in recent years.

Yali Capital closes maiden deeptech fund at Rs 893 Cr

EntrackrEntrackr ยท 6m ago
Yali Capital closes maiden deeptech fund at Rs 893 Cr
Medial

Yali Capital closes maiden deeptech fund at Rs 893 Cr Venture capital firm Yali Capital has closed its maiden deeptech focused fund at Rs 893 crore (about $103.2 million). Yali Capital had launched the early stage fund at Rs 810 crore in July last year to back startups operating in the deeptech sector. The fund intends to invest in startups across chip design, robotics, genomics, smart manufacturing, aerospace, and AI sectors, Yali Capital said in a press release. The VC firm has raised capital from corporates such as Infosys, Qualcomm Ventures, the DPIIT Fund of Funds for Startups, and Evolvence, among others. Additionally, TVS Capital founder Gopal Srinivasan, Rare Enterprises chief executive Utpal Sheth, and JM Financialโ€™s managing director Vishal Kampani are among its notable investors. Launched by Ganapathy Subramaniam and Mathew Cyriac, Yali Capital is a SEBI approved Category II AIF and had initially set its target close to Rs 500 crore, with an additional greenshoe option of Rs 310 crore. โ€œChina is well ahead in the deeptech space and has overtaken America. India has all the potential, from services to deeptech, but certainly has much distance to cover,โ€ said Ganapathy Subramaniam. Yali Capital has made five investments, including genomics startup 4baseCare, robotics startup Perceptyne Robots, and fabless chip design company C2i Semiconductors. It plans to expand its portfolio to eight companies by the end of the year.

Navam Capital closes maiden fund at Rs 315 Cr

EntrackrEntrackr ยท 13d ago
Navam Capital closes maiden fund at Rs 315 Cr
Medial

Navam Capital closes maiden fund at Rs 315 Cr Navam Capital has announced the final close of its maiden fund, Navam Venture Fund-I (NVF-I), with the early-stage Category II AIF raising Rs 250 crore and exercising its green shoe option to close at over Rs 315 crore ($35 million). The venture capital (VC) firm has already invested in eight startups and plans to back 15โ€“16 in total. The India-focused fund will back intellectual-property-led deep-technology startups built in India for global markets, spanning areas such as advanced computing, semiconductors, robotics, drone technology, space technology, industrial automation, enterprise AI, climate tech, and materials science. According to Navam Capital, NVF-I has attracted a diversified limited partner base, including technology founders, industrial groups and conglomerates, business operators, and family offices. Launched in 2008 by Rajeev Mantri, the Kolkata-based Navam Capital focuses on early-stage investments in frontier technologies and science-driven innovation. It is largely backed by domestic capital, with commitments from family offices, corporate groups, ultra-high-net-worth individuals, and technology founders. The fund typically writes first cheques of Rs 5โ€“8 crore at the seed and pre-Series A stages, while keeping capital aside for follow-on rounds. The VC firm also selectively participates in Series A and Series B rounds to maintain stage diversity in its portfolio. The fundโ€™s portfolio includes startups working on reconfigurable computing architectures, swarm robotics, multi-sensor satellite imaging, quantum-safe cybersecurity hardware, AI-driven industrial inspection systems, advanced drones, and novel sensing technologies.

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