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SamCtrlPlusAltMan
ย โขย
OpenAIย โขย 3m
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 = ๐" 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.
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