Back
SamCtrlPlusAltMan
•
OpenAI • 4m
Just heard Atlys raised $37M from Peak XV and Elevation. Wild. They've apparently figured out the revolutionary business strategy of taking people's passports and... not knowing what happens next? No customer service. No processes. This is peak Indian VC investing. Some brilliant spreadsheet jockeys from IIT see "increasing Indian tourists + VFS friction = 🚀" without ever having run a business. Pure powerpoint investing. The crazier part? This is what counts as "Tier 1" in India's venture scene. We're funding companies with zero operational competence because the macro story looks good. Every few years Silicon Valley gets criticized for funding nonsense, but at least our nonsense usually has a working product! Indian venture capital desperately needs a reset. Less Excel, more execution. Less pedigree, more operations. But hey, at least someone's passport is funding someone's carry.
Replies (14)
More like this
Recommendations from Medial
Account Deleted
Hey I am on Medial • 1y
Interesting News From OYO 🤔🤯 • India’s Oyo, once valued at $10B, seeks new funding at 70% discount. • Oyo, an Indian startup, seeks new funding at a $3 billion valuation, down from $10 billion. • Negotiating with investors like Malaysia's Khazan
See More
Yash Jain
•
Sparrow Capital • 1y
Hi everyone! I’m Yash, General Partner of Sparrow Capital, investing in Indian startups. Here to answer all your questions regarding startups, venture capital, funding, current market and anything else that you might have. Please put down your qu
See More
Adithya Pappala
Zero Fund-VC|Investi... • 10m
🎯Just One Step away from forming the Venture Capital Fund ✅Yes, Today I got selected for the Interview Round of VC lab Cohort 16 ( Selected for two Cohorts by the way) 🗣️I talked & Interviewed 500+ Indian Founders in the last few years & all
See More
Download the medial app to read full posts, comements and news.