Will India Disrupt & Dominate the Space Industry? | Roundup #163 | The Startup Operator

[00:00:00] [SPEAKER_07]: Hello and welcome to another episode of The Startup Operator Roundup, I am Roshen Karifa.

[00:00:05] [SPEAKER_06]: And I am Gwinsen Sahar and together we break down the biggest headlines of India's growing startup ecosystem.

[00:00:11] [SPEAKER_06]: If this is the first time you are tuning into the channel please consider subscribing to it for we have some fantastic conversations with founders, investors and operators.

[00:00:19] [SPEAKER_06]: And if you are regular listener you know what to do, like share, do all the good stuff so that more people like you can discover our content.

[00:00:33] [SPEAKER_06]: This week, we are on a setting update from e-commerce government as well as the startup ecosystem.

[00:00:39] [SPEAKER_06]: The great India shopping festival is on Amazon, Flipkart, Misha they are all fighting to you know get access to your wallet so that you spend money on their platforms.

[00:00:49] [SPEAKER_06]: Men's XP which is acquired by men's sub-brand studios back. They are now discussing on how to part with.

[00:00:56] [SPEAKER_06]: So some break up story is growing there.

[00:00:58] [SPEAKER_06]: And then Gowquake has acquired return, prime for an undisclosed amount and this also signals Gowquakes expansion into the international markets.

[00:01:08] [SPEAKER_06]: The center has also been busy, they launched an AI powered trade-mark search module so talk about the government adopting AI.

[00:01:16] [SPEAKER_06]: And the government has also simplified approvals for overseas startups that want to shift domicile back to India.

[00:01:22] [SPEAKER_06]: Some laws have been streamlined which will be making it easy for them.

[00:01:26] [SPEAKER_06]: The government also announced plans to have its very own self-sustained space station by 2035.

[00:01:35] [SPEAKER_06]: And then some exciting program launched by Axel as well called Axel Atoms for early stage founders as well as some exciting updates and Twitter sets coming up.

[00:01:44] [SPEAKER_06]: So stay tuned as we dive deeper into these topics.

[00:01:47] [SPEAKER_06]: Hey, Rosha nice festive shirt.

[00:01:49] [SPEAKER_07]: Thanks man. I don't know if you guys can see it we've got rid of the table so you can see more of Gwinninsaha.

[00:01:56] [SPEAKER_07]: For all Gwinninsaha fans.

[00:01:58] [SPEAKER_07]: I'll trade for the eyes.

[00:01:59] [SPEAKER_07]: Hi guys.

[00:02:02] [SPEAKER_06]: What have you been up to? We are doing this round up after two weeks.

[00:02:06] [SPEAKER_07]: Yeah, I mean so we're thinking of making this a fortnightly there's just a lot more topics to discuss.

[00:02:12] [SPEAKER_07]: And of course I mean you don't have to see us every week right but it's been a busy time overall.

[00:02:17] [SPEAKER_07]: I think, Prime Minister Modi is in the US for the Quad meetings meeting with President Biden.

[00:02:23] [SPEAKER_06]: It's still Biden not Trump.

[00:02:26] [SPEAKER_07]: Although I don't know if President Biden himself knows right.

[00:02:29] [SPEAKER_07]: There were a few of these videos circulating where he's clearly like you know, disoriented which is kind of sad and slow.

[00:02:35] [SPEAKER_06]: I'm a little tired.

[00:02:38] [SPEAKER_07]: Man, I'm kind of.

[00:02:40] [SPEAKER_06]: Is killing it?

[00:02:41] [SPEAKER_07]: Absolutely killing it.

[00:02:42] [SPEAKER_07]: One of the one of my favorite things to do over the last two three weeks has been to just watch these reaction videos.

[00:02:48] [SPEAKER_07]: Right? Of these hardcore rap fans just completely lose it.

[00:02:51] [SPEAKER_07]: You know, amazing, amazing. I think he's reviving the interest in hip-hop in India for sure right?

[00:02:58] [SPEAKER_07]: So good stuff and coal play is been staying by the way.

[00:03:01] [SPEAKER_06]: Do coal play is visiting the only place visiting green day visiting like the list goes on.

[00:03:06] [SPEAKER_06]: I think it's great.

[00:03:07] [SPEAKER_07]: Yeah, India has become a concert destination for a lot of these international acts and that's awesome.

[00:03:12] [SPEAKER_07]: I mean there was a stretch.

[00:03:14] [SPEAKER_07]: I think from 2005ish forish to around 8 or 9 if I remember correctly where you had all of these acts right,

[00:03:22] [SPEAKER_07]: Brian Adams and Deep Up and Metallica and so on and so forth.

[00:03:27] [SPEAKER_07]: Played Bangalore.

[00:03:28] [SPEAKER_07]: I'm really looking forward to something other happening perhaps 10 next more.

[00:03:33] [SPEAKER_07]: Yeah, it's an interesting time.

[00:03:35] [SPEAKER_07]: I watched IC814, the series on Netflix which has been in the news right?

[00:03:41] [SPEAKER_07]: And maybe really angry man for some reason.

[00:03:45] [SPEAKER_06]: Yeah, what was your take on it? Like how far was it from reality?

[00:03:50] [SPEAKER_07]: Look, come in. It's not a documentary for sure right?

[00:03:52] [SPEAKER_07]: I mean so you see these bit of artistic flourishes right?

[00:03:57] [SPEAKER_07]: Like the terrorist speaks you know the Queen's English you know perfectly well and he says like

[00:04:05] [SPEAKER_07]: I'm glad death is a privilege for you guys still.

[00:04:09] [SPEAKER_07]: Right and worse, I mean one of the air hostesses right in all of this you know shit going down she has she thinks he's cute.

[00:04:17] [SPEAKER_06]: Yeah, Stockholm syndrome classic.

[00:04:19] [SPEAKER_07]: In saying insane right and every Indian official they show almost every one of them is super incompetent

[00:04:27] [SPEAKER_07]: And almost corrupt right and if you exclude perhaps even the Swami everyone's like fat and stupid right pretty much

[00:04:34] [SPEAKER_06]: But so is that the portrayal of India from from that period?

[00:04:39] [SPEAKER_06]: I mean, I mean I'm sure there's a huge success.

[00:04:41] [SPEAKER_06]: It's a huge success.

[00:04:42] [SPEAKER_07]: It's definitely a skew and these are you know the artistic flourishes that you know the makers have chosen to sort of put in there right

[00:04:49] [SPEAKER_07]: You don't have to show the guys speaking in fluent English.

[00:04:51] [SPEAKER_07]: You don't have to justify what he's doing right and you know I mean that time man it was just such a crazy time for India

[00:05:00] [SPEAKER_07]: You know when this happened I was returning from an NCC camp.

[00:05:06] [SPEAKER_07]: I was in eight standard or something and remember reading the headlines and it was such a surreal feeling you know so 99 this happened

[00:05:13] [SPEAKER_07]: And this was just after Cargill had happened right and then you had what is that?

[00:05:19] [SPEAKER_07]: The parliament attack mastermind it when Musuhu does are the one who released.

[00:05:24] [SPEAKER_07]: Yeah, um, right so that happened and then we had the actual temple attack right multiple countless train bombings and so on and so forth in that period

[00:05:34] [SPEAKER_07]: Right and of course culminating with the 2611 and then what do we do in 2010?

[00:05:41] [SPEAKER_07]: We start Amanki Asha

[00:05:42] [SPEAKER_06]: I mean sometimes it's just like it has started taking a very

[00:05:50] [SPEAKER_06]: Of course strong stance against the territory.

[00:05:53] [SPEAKER_07]: See post 2014 that's the single biggest thing that's changed right?

[00:05:56] [SPEAKER_07]: I mean again not to go on like this we are tangent here, but you guys should definitely read some of RBS money's work

[00:06:03] [SPEAKER_07]: He was a cabinet secretary at the time and he talks about all of the terror attacks that used to happen

[00:06:07] [SPEAKER_07]: It was fairly regular and I'm not talking more than places like Punjab or Kashmir

[00:06:11] [SPEAKER_07]: I'm talking more banglore. I remember the ISE shootings right

[00:06:16] [SPEAKER_07]: Pune the German back the bakery case so on right

[00:06:19] [SPEAKER_07]: So yeah, I mean it was national security was down in the dumps literally

[00:06:24] [SPEAKER_07]: You know, so since then I mean we've come a long way and I really hope

[00:06:30] [SPEAKER_07]: That maybe someday there's peace but I hope that peace is negotiated on our art terms

[00:06:35] [SPEAKER_07]: You know, sorry for that you know, long-ish tangent on that front

[00:06:40] [SPEAKER_06]: Okay, no, there's another topic I think we should definitely talk about right which was the EI suicide case

[00:06:46] [SPEAKER_06]: Right it was very disheartening to see Anna Sebastian's

[00:06:51] [SPEAKER_06]: Absolutely terrible and her mother also wrote a very

[00:06:55] [SPEAKER_06]: What is this?

[00:06:57] [SPEAKER_06]: Honest let it do the chairman of EI who according to recent reports has clearly denied the work pressure claims in the company

[00:07:05] [SPEAKER_07]: Yeah, I mean it was very I won't say poorly worded, but I mean it could have been done better

[00:07:11] [SPEAKER_07]: Right, I mean I saw the EI heads

[00:07:14] [SPEAKER_07]: Letter and the internal email that circulated in saying that it's only been four months

[00:07:18] [SPEAKER_07]: And so she joined here and so on right

[00:07:22] [SPEAKER_07]: I mean this is an open secret right. I mean I'm sure that you guys have friends or family who worked in the big for and

[00:07:28] [SPEAKER_07]: Work hours are absolutely terrible, you know, absolutely terrible 14 to 16 are you know days on the regular

[00:07:37] [SPEAKER_07]: Right and it's a very competitive industry, you know, the big for especially they're always buying for each other's accounts

[00:07:43] [SPEAKER_07]: It's a damn competitive industry and there's little to no, you know,

[00:07:50] [SPEAKER_07]: Differentiation between each of these folks right so it's not uncommon for a large firm to work with the you know, one or more of these folks during a set period of time

[00:08:00] [SPEAKER_07]: Right, so so it's a lot of a lot of customers are with a lot of like going above and beyond what is required and so on

[00:08:08] [SPEAKER_07]: Right, but also I mean I think it's a lot of

[00:08:11] [SPEAKER_07]: In efficiency on the the reporting managers and the level about that right because I always believe that

[00:08:21] [SPEAKER_07]: Sure culture is top down, but if you are the kind of person who wants to make work

[00:08:27] [SPEAKER_07]: You know, fun and productive for people you can right in any place in absolutely any place

[00:08:32] [SPEAKER_07]: And you know the managers have to take a little more responsibility I feel right I mean

[00:08:38] [SPEAKER_07]: Yeah, it's weird. I don't know how people opt into this kind of work and lifestyle, you know, it's it's sad

[00:08:44] [SPEAKER_07]: But also I mean you have rarely any any choice at that stage right, I mean you've just finished your charter condensation

[00:08:51] [SPEAKER_07]: And then you know, you've had to do this for your article ship

[00:08:54] [SPEAKER_07]: Right and the big for is seen as the most viable option for all of these folks

[00:09:00] [SPEAKER_07]: So yeah, it is pretty sad really sad

[00:09:03] [SPEAKER_07]: I did see Mr Shashi Tharo the MP suggests that he's going to fix work cars and so on and so forth

[00:09:09] [SPEAKER_07]: And I've also seen a tweet of you know who's at Rahul Gandhi as well going and meeting the family

[00:09:17] [SPEAKER_07]: Look, I mean the politicians are going to use it for their own you know purposes for sure

[00:09:23] [SPEAKER_07]: And it's not going to get solved by mandating a fixed our shift right

[00:09:28] [SPEAKER_07]: It's not going to get solved by you know

[00:09:33] [SPEAKER_07]: Instusting on compensation and so on and so forth right that's not the way to solve this

[00:09:38] [SPEAKER_07]: I think I won't say that you have to leave it to the market obviously not right, but there are basic level loss in place

[00:09:45] [SPEAKER_07]: I mean there are basic level loss in place that have to be enforced what we don't need is more loss and more regulation right for sure

[00:09:52] [SPEAKER_07]: Because as unfortunate as this incident is we do also have to bear in mind that you know this is a specific case

[00:10:00] [SPEAKER_07]: Right and whatever you do right now can have a broader sort of an impact on the entire ecosystem as such

[00:10:07] [SPEAKER_07]: So I really hope though that the people responsible for this are held accountable

[00:10:12] [SPEAKER_07]: You know, I hope they don't like you know escape with these nice carefully crafted PR releases and whatnot

[00:10:20] [SPEAKER_07]: Yeah, and it's a it's a call for introspection for all of us really mean even at start-ups right

[00:10:26] [SPEAKER_07]: I mean that this whole swag value of you know what I stayed up all night for that release and whatnot

[00:10:31] [SPEAKER_07]: I always say that it look coming that has to be sinusoidal right you can do that meaningfully maybe like a few times a month

[00:10:38] [SPEAKER_07]: Right or maybe once a week if required right if there's a massive release coming up if there's some you know crazy event that is coming up sure

[00:10:47] [SPEAKER_07]: Stay up all night and it's good to have the doll hands on deck feeling and do that, but if you're doing it every day

[00:10:53] [SPEAKER_06]: And there's something severely wrong with the others standard operating for us

[00:10:57] [SPEAKER_07]: Then there's something wrong then there's absolutely something wrong with the way you're operating

[00:11:02] [SPEAKER_07]: Right and it's not always about hiring more people. It's maybe about fixing your process. Yeah, yeah

[00:11:08] [SPEAKER_06]: Cool so you mentioned about you know maybe once a week

[00:11:12] [SPEAKER_06]: Give me a stay up late and finish up work and stuff that's not a prescription

[00:11:15] [SPEAKER_06]: But I mean I'm sure all folks in the e-commerce industry will be doing that the big billion Amazon prime day

[00:11:22] [SPEAKER_07]: Nice segway

[00:11:26] [SPEAKER_06]: So yeah, most e-commerce

[00:11:29] [SPEAKER_06]: Folks working in the e-commerce industry will be having long nights and long days

[00:11:33] [SPEAKER_06]: Amazon flip car me show their all gearing up for the annual festival sales and this not only means you know more money coming to the platform

[00:11:41] [SPEAKER_06]: But also internally they need to reorganize themselves from our data infrastructure standpoint

[00:11:45] [SPEAKER_06]: Service standpoint payment capabilities and logistics

[00:11:48] [SPEAKER_06]: So there's a whole mammoth of orchestration that goes on behind the scenes

[00:11:52] [SPEAKER_06]: And we have hard folks from flip cart from me show talk about this in our podcast. Yeah, so can you just take us to what all goes on over there?

[00:12:00] [SPEAKER_07]: So this is the annual festive season right and obviously people have to ramp up on capacity

[00:12:06] [SPEAKER_07]: Because literally everyone you mentioned is wine for the consumer's business

[00:12:11] [SPEAKER_07]: And there's a fixed pool of money that they can all you know, why for right so it's amazing and it's awesome

[00:12:18] [SPEAKER_07]: Amazing to see how this is such an impact for you know the second order folks as well

[00:12:24] [SPEAKER_07]: Right I mean your lending institutions for example

[00:12:27] [SPEAKER_07]: And your last-meldability lending and so yeah, they also come into the entire you know for it

[00:12:35] [SPEAKER_07]: And there was a promoting a bunch of stuff

[00:12:37] [SPEAKER_07]: So this is awesome man. I mean I remember 10 or 12 years back when this whole great Indian festival thing started

[00:12:44] [SPEAKER_07]: I mean it was or big billion days flip cart used to call it and it was such a thrill

[00:12:49] [SPEAKER_07]: You know with the newspaper ads

[00:12:53] [SPEAKER_07]: We hadn't seen anything of that sort before right. I mean obviously we saw like your neighborhood electronics store

[00:12:59] [SPEAKER_07]: Kind of advertisements on but not on this kind of scale

[00:13:03] [SPEAKER_07]: All the best to everyone who's making this possible all of the engineers who are kind of staying up to you know

[00:13:11] [SPEAKER_07]: Some of all situations yeah a lot of warm situations

[00:13:15] [SPEAKER_07]: You know I know a couple of folks who are like extremely strapped as well

[00:13:18] [SPEAKER_07]: So all the best to all of you guys I hope you guys do well and

[00:13:21] [SPEAKER_07]: Opposed this season. I hope you guys take a breather as well

[00:13:24] [SPEAKER_06]: I also meet us give us a party. Yeah, why not how about some discount code? Yeah exactly that's a minimum that can be done

[00:13:31] [SPEAKER_06]: But anyway Amazon to like deal with this

[00:13:35] [SPEAKER_06]: The festive season they launching an AI powered chatboard as well to help customers discover products create curated lists and also help with service

[00:13:43] [SPEAKER_06]: But one point which I think is really beneficial for India as a country is the amount of new jobs that these festival seasons bring in

[00:13:51] [SPEAKER_06]: Yeah, and the government is also taking proactive measures to make sure their welfare is looked after

[00:13:56] [SPEAKER_06]: Yeah, I think they are they're sent so close to all the commerce companies asking them to register all gig workers on the shram platform with this central repository again

[00:14:05] [SPEAKER_07]: Yeah, so a lot of exciting updates coming from there. Yeah people always dison Indian weddings and festivals right saying there is just wasteful expense

[00:14:13] [SPEAKER_07]: But they don't acknowledge how much second order third order effects it has on the economy right?

[00:14:19] [SPEAKER_07]: Literally the number of people being employed the amount of money coming into the ecosystem and so on right?

[00:14:25] [SPEAKER_07]: I mean you'd rather wish that than you know people just like hold cash or gold or wherever right

[00:14:31] [SPEAKER_06]: So yeah, okay. Let's talk about men's expi. I think during the whole lockdown failed men's expi are men sexy

[00:14:40] [SPEAKER_06]: Talking about yourself. Hey

[00:14:45] [SPEAKER_06]: Okay, a couple of years back in in one of the round of episodes. We were talking about

[00:14:50] [SPEAKER_06]: Thrasio and men's are right how men's is replicating the thrasio model of rule of e-commerce

[00:14:55] [SPEAKER_06]: And that could have a big viability in India as well. One of the brands that men's are required was men's expi

[00:15:02] [SPEAKER_06]: But now the companies and talks for a separation

[00:15:04] [SPEAKER_06]: Right? This is so that men's expi can adapt more freely to market dynamics have more control over their operations and attract new partnerships for their business

[00:15:14] [SPEAKER_06]: But this is also not the first time we're seeing you know an acquired company talking to the parent company for a separation

[00:15:19] [SPEAKER_06]: This has happened in the past. We had ptm all in 2020 that separated from ptm

[00:15:24] [SPEAKER_06]: Geo is another great example the geoplathone completely became independent from reliance industries

[00:15:30] [SPEAKER_06]: And we also cure fit that separated

[00:15:33] [SPEAKER_06]: I think from

[00:15:35] [SPEAKER_06]: Cult right they there was a shoot off from there so why exactly is this this this this signaling it was a failed acquisition

[00:15:42] [SPEAKER_06]: Now is this just like how companies evolve

[00:15:44] [SPEAKER_07]: Well, I don't know the details of this to be able to say one thing on the other about the acquisition

[00:15:50] [SPEAKER_07]: Right, but although I do I do acknowledge that you know some of these brands and everything were acquired during the peak of peak times

[00:15:58] [SPEAKER_07]: Right, so I don't know how much of those you know deals and whatnot have you know fed the way they were supposed to

[00:16:05] [SPEAKER_06]: What is the role of these roll-up comments?

[00:16:09] [SPEAKER_07]: Yeah, roll-up is simple right. I mean roll-up is you build a horizontal layer of all of these functions like HR operations finance legal even growth perhaps right

[00:16:19] [SPEAKER_07]: And basically you leverage this horizontal functions for these individual entities

[00:16:24] [SPEAKER_07]: So if you're a small you know smallest D to C brand et cetera, you join this

[00:16:30] [SPEAKER_07]: Roll-up and you get instant value from all of these you know very mature functions that are already working with other entities like yourself

[00:16:38] [SPEAKER_07]: Right, but the thing is I mean when you get to a men's XP men's XC scale right

[00:16:45] [SPEAKER_07]: Maybe you want to do better right maybe maybe all of these things that were off hand available are limiting factors for you

[00:16:51] [SPEAKER_07]: And maybe you want to do way more than that, right? So so which is why I mean I'll typically you see some of these folks spin off

[00:16:59] [SPEAKER_07]: Right and this is just to part for the course usually. Just like we have growth yeah, I mean

[00:17:07] [SPEAKER_07]: I'm sure that they would have discussed and debated this stuff you know on the pros and cons of you know what he'll take to operate independently

[00:17:14] [SPEAKER_07]: Versus you know being part of the umbrella sort of brands right and there's some of see value more and you know operating independently at this point

[00:17:21] [SPEAKER_06]: Yeah, so we've also exciting news coming from go quick, which is you know one of India's more well-known e-commerce enablers

[00:17:29] [SPEAKER_06]: They recently acquired this company called return prime, which is a Shopify company

[00:17:33] [SPEAKER_06]: It manages global returns that operate within the Shopify ecosystem

[00:17:39] [SPEAKER_06]: This acquisition is allowing go quick to expand its international markets and four day into UK Europe and US

[00:17:46] [SPEAKER_06]: According to some reports this acquisition will help go quick on good more than 10,000 new merchants in the next six to 12 months period

[00:17:54] [SPEAKER_06]: And this is projected to result in a three X increase in their overall business by the end of this year

[00:18:00] [SPEAKER_06]: Now India is undoubtedly one of the top e-commerce destinations in the world, right

[00:18:06] [SPEAKER_06]: I think only second next to China for Alibaba

[00:18:09] [SPEAKER_06]: But there was something which flip car, which is one of the OG e-commerce brands really

[00:18:14] [SPEAKER_06]: So far in Indian problem was cash on delivery

[00:18:18] [SPEAKER_06]: That was not there in US or European markets, but now with this acquisition go quick and take this practice to the global markets and see how it works over there

[00:18:27] [SPEAKER_07]: It's not very profitable, so I don't know if you want to take cash on delivery to all of those markets

[00:18:32] [SPEAKER_07]: But look, come in go quick, it's a category creator, right?

[00:18:37] [SPEAKER_07]: In that sense they've been focused on this conversion optimization for e-commerce for a while now

[00:18:42] [SPEAKER_07]: Right, it's not easy being the first or second or early in a category for sure

[00:18:47] [SPEAKER_07]: There's a lot of imagilization of notches the solution but also the problem statement that you have to do

[00:18:54] [SPEAKER_07]: So Kudos to them, we had Shira gone the podcast maybe a couple of years back and he spoke passionately about his journey as well

[00:19:00] [SPEAKER_07]: He was in Bombay, showing company for a moment correctly

[00:19:03] [SPEAKER_07]: And saw these problems first hand and what happens at scale, right?

[00:19:07] [SPEAKER_07]: Return to order for example is a very, is a key thing which is that you know there's a lot of cost and processing these returns

[00:19:15] [SPEAKER_07]: Can you even reduce these by a few basis points?

[00:19:21] [SPEAKER_07]: Can you reduce them to a degree that you know you're saving so much on the bottom line

[00:19:27] [SPEAKER_07]: So go quick, has three or four products if you remember correctly around these lines

[00:19:32] [SPEAKER_07]: That can help e-commerce businesses almost build like an Amazon style or a flip-card style operating practice

[00:19:41] [SPEAKER_07]: And also very into end right, into end of this sort which is amazing

[00:19:47] [SPEAKER_07]: Right, I mean we saw this whole non-Amazon, non-shoppy file even kind of a wave take shape

[00:19:56] [SPEAKER_07]: Over the last like three years where bunch of these folks are you know helping small businesses set up their own shop

[00:20:03] [SPEAKER_07]: Into end tech and automation simple marketing things like you reaching out to your users so on and so forth

[00:20:11] [SPEAKER_07]: And there's enough of this tech and automation. There's enough of a stack right now to build a weekend to build a

[00:20:18] [SPEAKER_07]: A store and a business or a weekend, right? That's how much this infrastructure has evolved from payments to logistics to you know marketing to everything

[00:20:25] [SPEAKER_07]: So so this is awesome. I mean I think go quick is perhaps doing about 25 million and revenue at this point

[00:20:33] [SPEAKER_07]: And this is a part cash part equity sort of a deal. The details of the deal are not yet made public

[00:20:41] [SPEAKER_07]: So so the good thing is they get to you know access all of these other markets that the company is in return to prime return prime return prime

[00:20:51] [SPEAKER_07]: The trading in Europe you are keep saying return to prime

[00:20:58] [SPEAKER_07]: So they get to access all of those markets and they also like layer at a different product right so

[00:21:04] [SPEAKER_07]: It's good. I mean the category itself is growing by a fair bit by 30% cagar is what characcese

[00:21:11] [SPEAKER_07]: Right, and they're very well positioned to capture most of the value in this market

[00:21:16] [SPEAKER_06]: Now one thing interesting evolution not like evolution but rather interesting competition which is seeing in e-commerce spaces e-commerce versus Q-commerce

[00:21:25] [SPEAKER_06]: Right, the blink its and the zeptos and the install marks are now fighting for the same market earlier

[00:21:31] [SPEAKER_06]: It was quite differentiated it e-commerce is going to be for your electronics and yeah whatever

[00:21:35] [SPEAKER_07]: Lament is a pleasantly shocked that I produce an ordered some you know cable from blink it yesterday

[00:21:44] [SPEAKER_06]: Forget cables you can order PS5's iPhone's or whatnot on blink it and stuff

[00:21:49] [SPEAKER_07]: Yeah, so I think the it's that is a period of transition right I mean you mentioned zeptoc affair

[00:21:55] [SPEAKER_07]: I think you know few weeks back or whatever right so so there's a whole app with the zomatos we geese

[00:22:00] [SPEAKER_07]: Then there is an overlap clearly with the flip cards of the world and so on right my hypothesis is everything that can be delivered and tenants will be delivered and tenants

[00:22:09] [SPEAKER_07]: No, what cannot be delivered and tenants well I mean there's a whole bunch of stuff

[00:22:14] [SPEAKER_07]: I don't think the heavy back that I ordered can be delivered in 10 minutes

[00:22:20] [SPEAKER_07]: You can much less get it out of the you know warehouse in 10 minutes I think so so yeah, they were there but e-commerce stuff will will be relegated to some of these niche things

[00:22:30] [SPEAKER_07]: I think right like I don't think an air conditioner will be delivered in 10 minutes or somebody will want to rent payments

[00:22:38] [SPEAKER_06]: But it's interesting right like as a consumer also behaviors are changing tonight

[00:22:42] [SPEAKER_07]: I don't want to be for a cheaper faster better man

[00:22:45] [SPEAKER_07]: I mean it's like Bayzo said right I mean investors the things that are going to be that are going to be unchanging forever and forever

[00:22:51] [SPEAKER_07]: Nobody will ever say that I want things that are little costly or a little difficult to use and a little slower

[00:22:58] [SPEAKER_07]: Right, so which means that cheaper faster better forever

[00:23:01] [SPEAKER_07]: And forever will be the the best unique value proposition for a product for sure

[00:23:07] [SPEAKER_07]: Nice good good. Yeah, yeah, thanks

[00:23:10] [SPEAKER_06]: Okay moving on to the next topic this comes to a close for what we're seeing in the e-commerce space

[00:23:16] [SPEAKER_06]: Now let's talk about some initiatives the center is taking up

[00:23:20] [SPEAKER_06]: Last week the center launched an AI powered trademark search module which uses AI and ML2

[00:23:27] [SPEAKER_06]: In answer accuracy in which you can search a trademark database

[00:23:30] [SPEAKER_06]: Now this is very important as a government is also pushing companies and innovators to file for more patterns

[00:23:37] [SPEAKER_06]: Trademark searches in India are lengthy and error prone and previously it was done manually

[00:23:42] [SPEAKER_06]: Red, which was a lot of time taken a lot of effort money resources spent

[00:23:47] [SPEAKER_06]: But now imagine having a platform where can this go out to a quick search

[00:23:50] [SPEAKER_06]: And that will give you an entire list of things what is similar how much is overlap and what should be doing next

[00:23:56] [SPEAKER_07]: Yeah, so I've had this experience I had to trademark a couple of brands by the way

[00:24:02] [SPEAKER_07]: Do you know the start of operators trademark? Of course I know TM

[00:24:06] [SPEAKER_07]: No, you guys know right but yeah, I mean it's it's less than optimal experience right first to kind of like figure out what word of race

[00:24:17] [SPEAKER_07]: Is unique enough right and you go back and forth on that front

[00:24:20] [SPEAKER_07]: Then there are these various categories whether it's education entity and so on and so forth that you have to apply for

[00:24:27] [SPEAKER_07]: Again

[00:24:29] [SPEAKER_07]: Quite ambiguous right and you apply for these two or three categories and then you get a sort of a notice saying that no, I mean it's rejected for this

[00:24:37] [SPEAKER_07]: And and typical like court language right typical legalies you get you get the sign that you have you have no understanding like what that means

[00:24:45] [SPEAKER_07]: This I read right with closed this no, I mean you have no idea right what that means

[00:24:51] [SPEAKER_07]: And so you go back and forth and back and forth and the only people who really benefit from this is the is the middleman

[00:24:57] [SPEAKER_07]: Right and I went through an online portal itself right dash search dot com

[00:25:02] [SPEAKER_07]: Okay, I mean that I don't want to dunk on them, but yeah

[00:25:07] [SPEAKER_07]: I went through these folks and these are supposed to be like the the more late days and customer friendly stuff right

[00:25:16] [SPEAKER_07]: I got alone was you know what someone will do in the paper and pen world really

[00:25:21] [SPEAKER_07]: You know, so so when through these folks and it took me a good amount of time, you know start incorporated took me I think maybe

[00:25:28] [SPEAKER_07]: A year

[00:25:29] [SPEAKER_07]: Really? Yeah, I mean back and forth on email right

[00:25:31] [SPEAKER_07]: Saying this is rejected whatever and then Bharatwarda took me maybe a couple of years

[00:25:39] [SPEAKER_07]: And I think one of the cases is still ongoing like one of the petitions is still ongoing on that right and I just gave up

[00:25:45] [SPEAKER_07]: So this is a very very tedious process for sure

[00:25:48] [SPEAKER_07]: Right, I really really hope that this new AI automation stuff that we do

[00:25:54] [SPEAKER_07]: While simplifying the name search that itself is a big deal

[00:25:58] [SPEAKER_07]: It's the start of the journey. I mean it simplifies these other processes also that you know we're able to apply for

[00:26:04] [SPEAKER_07]: IP trademark all of that stuff. It's super important

[00:26:07] [SPEAKER_06]: I think this whole legal space right I think is just waiting for air to come and disrupt everything

[00:26:13] [SPEAKER_07]: I think it's the first that we get this rock for sure because you can already you can already argue the tragedy per

[00:26:19] [SPEAKER_07]: Perhaps functions like a decent associate like a law firm associate or even for customer facing side customer facing side

[00:26:27] [SPEAKER_06]: Yeah, just put stuff on charge equity and you'll get exactly in layman terms. Okay. What is this agreement?

[00:26:33] [SPEAKER_07]: What is this policy above for sure? I think it's right for disruption a lot of these like business process

[00:26:39] [SPEAKER_07]: Stuff right will will just be disrupted. That's the first thing that will be disrupted. Yeah

[00:26:43] [SPEAKER_07]: I mean the days of it's summarizing something. It's a standard problem right when you talk about laws and you know policy and framework and stuff

[00:26:51] [SPEAKER_07]: It's a bounded problem right you're not using imaginations so much or even if you are I mean like let's say the interpretation and everything is is the margin at the margin

[00:27:00] [SPEAKER_07]: The 80% of the stuff is like plain crunching right processing stuff

[00:27:03] [SPEAKER_07]: I think it's it's going to be automated of it for sure

[00:27:06] [SPEAKER_06]: Let's see if you guys a if anyone of you is building in the legal tech using AI and whatnot

[00:27:12] [SPEAKER_06]: You reach out to us will love to you know poster conversation

[00:27:16] [SPEAKER_06]: Next up

[00:27:17] [SPEAKER_06]: The Indian government has also simplified processes for overseas starters that are looking to merge with their Indian arms

[00:27:24] [SPEAKER_06]: The recent policy change by the inter government mandates that both foreign and Indian companies must obtain prior approval from the reserve bank of India for any merger or amulication

[00:27:34] [SPEAKER_06]: This is to facilitate smoother crossborder transactions and enhance compliance over the last two three years

[00:27:41] [SPEAKER_06]: We've been seeing a lot of companies you know a single po-based or US want to move the domicile back to India

[00:27:47] [SPEAKER_06]: Otherwise it was a trend right even though your product identity marketing the setting out of India

[00:27:51] [SPEAKER_06]: You'll be either a SF headquarter or a single po headquarter startup

[00:27:55] [SPEAKER_06]: And a lot of companies are wanting to move back

[00:27:59] [SPEAKER_06]: Grow has already come to a transition back to India from US in March 2024

[00:28:03] [SPEAKER_06]: Phone pace has relocated domicile from Singapore to India. We have final abs me sure these are paid

[00:28:09] [SPEAKER_06]: Zepto would earn and whatnot

[00:28:10] [SPEAKER_06]: Yeah, yeah the next three four years in the Indian public markets that the tech public market

[00:28:16] [SPEAKER_06]: I think it's going to be a really exciting space to watch

[00:28:18] [SPEAKER_07]: I think that is really the forcing function for this which is the fact that the IPO market in India has kind of opened up

[00:28:24] [SPEAKER_07]: Right startups are all looking to sort of list in the next you know one and a half two year timeframe

[00:28:29] [SPEAKER_07]: Right and easing the regulation to sort of absorb some of these foreign entities right

[00:28:35] [SPEAKER_07]: Let's say a Singapore or a Delaware listed sort of entity will make it a lot more easier for these folks

[00:28:41] [SPEAKER_07]: I think that has been the forcing function. It's good

[00:28:45] [SPEAKER_07]: It's you know it was the norm about 10 or 15 years back that not even 10 years back

[00:28:50] [SPEAKER_07]: I mean I would say even like 780 years back that if you wanted to raise like external capital

[00:28:56] [SPEAKER_07]: You were always advised to sort of like either have a Singapore entity or like a Delaware entity in the US

[00:29:02] [SPEAKER_07]: Right, so it's good. I'm glad that we're seeing this switch and I'm also glad that you know Indian VC funds itself

[00:29:10] [SPEAKER_07]: Have enough cash right now to support some of these like let's say growth rounds and so on right? I mean everyone sitting on a lot of drive powder

[00:29:17] [SPEAKER_06]: So let's go back like let's try to understand like why were companies wanting to shift to US or Singapore?

[00:29:22] [SPEAKER_06]: One of course was a tax when the VCs as a second thing was also people are more like ready to increase a great pump in more money

[00:29:30] [SPEAKER_06]: But for you to attract that kind of capital for us start you have to have at least like what 30 million 40 million in air are some large profit margins

[00:29:39] [SPEAKER_06]: And what not and if you compare that to India well one India definitely has the money as we have seen in the past few years

[00:29:46] [SPEAKER_06]: But also the requirements for you to list in the country for people to invest in you's also much lower. You don't need 40 million hundred million dollars in revenue to go public

[00:29:54] [SPEAKER_06]: Even with 15-20 million dollars, okay, you're ready to go public

[00:29:58] [SPEAKER_07]: So you don't need that even in the US right? I think there's some basic minimum criteria and every market has this sort of

[00:30:06] [SPEAKER_07]: I mean you can list at a different scale as well, right? You don't have to list alongside Amazon or like you know

[00:30:14] [SPEAKER_07]: You're at your own or something like that. You don't have to right?

[00:30:17] [SPEAKER_07]: So yeah, you are going to see a lot of companies go public sooner that is something that I will hazard against and say that right

[00:30:26] [SPEAKER_07]: So this is something that I think the bloom folks have also been pioneering right in fact

[00:30:36] [SPEAKER_07]: That will probably might wipe you in the next 18. Yeah, I think I'll drive greater discipline and term business building right

[00:30:42] [SPEAKER_07]: Uh, yeah, I mean it's all a positive I think yeah

[00:30:47] [SPEAKER_06]: Okay, we have some exciting news coming from the space community in India

[00:30:52] [SPEAKER_06]: India in India in India set to establish its very own self-sustained space station

[00:30:56] [SPEAKER_06]: It will be called Barthya Antharax station by 2035

[00:31:00] [SPEAKER_06]: The first module is expected to launch by 2028

[00:31:04] [SPEAKER_06]: This space station will accommodate around 3 to 4 astronauts with a maximum capacity of 6 for short durations

[00:31:10] [SPEAKER_06]: Estros currently developing the necessary technologies and design specifications for this station

[00:31:16] [SPEAKER_06]: Now one of the main benefits of this is not this having a space station in space

[00:31:20] [SPEAKER_06]: But the kind of technology will be building to achieve this the kind of processes and the regulations that will be set

[00:31:27] [SPEAKER_06]: That is going to have a massive massive benefit for the space tech ecosystem in India

[00:31:33] [SPEAKER_07]: It's something you can't sit out of right and we've already made so much of headway in the space

[00:31:39] [SPEAKER_07]: I've often said on the podcast the next five ten years we're going to become like an industrial space super power

[00:31:45] [SPEAKER_07]: So it's big right. I mean we're going to pioneer this industry of commercial space travel and research and so on and so forth right

[00:31:52] [SPEAKER_07]: And there are a lot of

[00:31:54] [SPEAKER_07]: Not just technological but also geopolitical tailwinds that favors

[00:31:58] [SPEAKER_07]: Right given how this sort of a multiple-arity is emerging with the you know India sort of being the third front of sorts right

[00:32:07] [SPEAKER_07]: So yeah, I mean this is this is a fantastic fantastic development

[00:32:12] [SPEAKER_07]: You know in the 60s in the US John F. Kennedy gave that clarion called to land a man on the moon and that country progressed by leaps and bounds

[00:32:22] [SPEAKER_07]: Right and we have a similar sort of an opportunity right now, you know, we have said that we're going to have a man on the moon by 2040

[00:32:31] [SPEAKER_07]: Which is a really ambitious kind of a name right and by 2035. I'm going to have a space station as well

[00:32:38] [SPEAKER_07]: Right now of course, I mean there's the international space station and then the Chinese have a space station there

[00:32:42] [SPEAKER_06]: The international space station is undergoing its own problems right now

[00:32:46] [SPEAKER_07]: They're going to I think it's going to be described soon or something

[00:32:48] [SPEAKER_06]: Yeah, no I'm referring to it's utility. I'm referring to the entire the Boeing aircraft that the Boeing special that went up there could not dock successfully

[00:32:58] [SPEAKER_06]: Because of which two or three astronauts are stuck till at least for the next eight months

[00:33:03] [SPEAKER_06]: Wow really they're supposed to go for a four day five day trip

[00:33:07] [SPEAKER_06]: But I think it's not for like eight months

[00:33:09] [SPEAKER_06]: Good God. So now space access come to the rescue is like we will send us peace shuttle up

[00:33:13] [SPEAKER_07]: Have you seen the movie gravity?

[00:33:15] [SPEAKER_07]: Yeah, yeah

[00:33:17] [SPEAKER_06]: We'll send a block

[00:33:19] [SPEAKER_07]: Sandra block and

[00:33:20] [SPEAKER_07]: George Clooney

[00:33:21] [SPEAKER_07]: George Clooney right yeah, yeah brilliant movie

[00:33:24] [SPEAKER_07]: Yeah brilliant movie and all but yeah

[00:33:26] [SPEAKER_06]: I didn't know kind of just floats away space like that right. I remember as in class nine or ten when this movie released and they are doing

[00:33:33] [SPEAKER_06]: And our school principal had gone to was a movie she liked it so much she arranged the entire movie

[00:33:39] [SPEAKER_06]: All we reserved just for our school

[00:33:41] [SPEAKER_07]: That was like a good experience damn where do you go to school do it like rockford or something?

[00:33:50] [SPEAKER_07]: Yeah, we went to see Jurassic Park. I mean that's all old I am so

[00:33:56] [SPEAKER_07]: But

[00:33:56] [SPEAKER_07]: We exist it's a phenomenal technological feat for sure right and it will make sure that a lot of her

[00:34:06] [SPEAKER_07]: You know, levers are in place to sort of in order for us to achieve that right because when you sort of backward engineer from that 2040 mission

[00:34:16] [SPEAKER_07]: Right there are a lot of things that have to come in come in place to enable that right

[00:34:21] [SPEAKER_07]: So

[00:34:21] [SPEAKER_06]: And that's what she called down here. They'll trickle down into the fence and come in a lot of things

[00:34:26] [SPEAKER_07]: Yeah, for sure for sure

[00:34:27] [SPEAKER_07]: Defensive mention see I think the the next level of defense I think would be like space wars

[00:34:34] [SPEAKER_07]: Right, I mean you're going to do something with the satellites and whatnot. We speak off speaking off speaking off

[00:34:41] [SPEAKER_07]: Did you guys watch the the stuff that's happening in you know Lebanon with the painters going oh

[00:34:49] [SPEAKER_07]: Oh, yeah, dude. I mean like to down if you if your world is there me can pull out something like that if you ask me like the top five nightmares ever

[00:34:58] [SPEAKER_07]: I think the phone exploding the pocket would be like half those

[00:35:02] [SPEAKER_06]: I mean go get all the pages like exploding in the pockets and like such a targeted yeah, you talk about surgical strikes just imagine like how

[00:35:11] [SPEAKER_06]: Why do you need to be in your thinking to device a plan like this and actually execute do think about it, okay?

[00:35:17] [SPEAKER_07]: You have to infiltrate supply chains right you have to actually get this in their hands

[00:35:21] [SPEAKER_07]: Right, and you also have to figure a way to sort of like the technology stuff right I mean how you're going to like heat up a battery that it explodes in someone's pocket

[00:35:32] [SPEAKER_06]: I mean holy shit one theory I was reading about all this right before this pages were like distributed pages and walk talk is a distributed there was stored in Beirut

[00:35:41] [SPEAKER_06]: In the same way those are the explosion took place to explosion happened as a masking for you know distributing all of these things something like that I came across a theory on Reddit

[00:35:51] [SPEAKER_07]: So don't do me and the capabilities are actually really scary really really scary apparently there's a

[00:35:59] [SPEAKER_07]: Yeah, apparently there's a maloodood who's in

[00:36:02] [SPEAKER_07]: I mean I can quite picture that right I mean like the dude just he's somewhere and so this this equipment was purchased from a Norwegian shell company

[00:36:20] [SPEAKER_07]: This guy works well malooday malooday right and apparently Iran as Iran or someone has requested the Kerala government to take action

[00:36:28] [SPEAKER_07]: Wow

[00:36:29] [SPEAKER_07]: This is well good God anyway, I mean but the point is the technology

[00:36:35] [SPEAKER_07]: Right technology is just insane man. I mean this is perhaps the most targeted striking of terrorists ever or anyone ever

[00:36:46] [SPEAKER_07]: Right, I mean it's just pretty insane

[00:36:48] [SPEAKER_06]: This is something you'll see in movies like I am a man or something right

[00:36:52] [SPEAKER_06]: God alone knows what lies ahead. We are living in the future

[00:36:57] [SPEAKER_07]: Yeah, it's like that quote right the future is already here

[00:37:00] [SPEAKER_07]: It's just not even redistributed

[00:37:04] [SPEAKER_06]: Moving on, Axel has launched a new pre-seed accelerator program called Axel Atoms

[00:37:10] [SPEAKER_06]: This is focused on supporting early stage startups in India to provide guidance and mentorship

[00:37:14] [SPEAKER_06]: At the pre-seed stage which still includes startups in the idea of age

[00:37:19] [SPEAKER_06]: The program aims to help founders navigate their journey from concept to market

[00:37:24] [SPEAKER_06]: It'll be offering a $1 million check-size for selected startups either through equity or convertible notes

[00:37:30] [SPEAKER_06]: Along with access to a $5 million in perks from partners like AWS and Google

[00:37:35] [SPEAKER_06]: The cohort that we're focusing on specifically are the Bharat startups that target middle income households in tier 2, tier 3 and rural India

[00:37:44] [SPEAKER_06]: And there will also be leveraging AI to build their products

[00:37:48] [SPEAKER_06]: So it's interesting push that coming from the visas to develop for that market

[00:37:52] [SPEAKER_06]: As you already know the affluent class of Indians, there are 10 million people

[00:37:56] [SPEAKER_06]: They are already like saturated in terms of their tech adoption

[00:37:59] [SPEAKER_06]: How much more consumer goods they could want

[00:38:01] [SPEAKER_06]: The major growth driver is gone a come from tier 2, tier 3 India and the rural side

[00:38:06] [SPEAKER_07]: Yeah, fantastic initiative, Axel for sure

[00:38:09] [SPEAKER_07]: And they've been running this program pretty successfully for many years now

[00:38:13] [SPEAKER_07]: Right, Priyanka someone who we've hosted on the podcast earlier as well

[00:38:17] [SPEAKER_07]: So yeah, great opportunity. I mean they've increased the check-size also

[00:38:21] [SPEAKER_07]: And they have a sort of a sectors or trend focus towards Bharat startups this time

[00:38:27] [SPEAKER_07]: So definitely check out the link we'll put that in the description

[00:38:32] [SPEAKER_07]: And refer your friends and who knows you know, they might be part of the next Axel

[00:38:40] [SPEAKER_06]: Okay, some good fundraises from the week as well

[00:38:43] [SPEAKER_06]: At Tech Unicorn physics, while a raise $210 million from Hornbill capital and light speed

[00:38:48] [SPEAKER_06]: Gotcha partners, 210 million dollars

[00:38:52] [SPEAKER_07]: Wow, the just brings back memories of French money one night

[00:38:55] [SPEAKER_06]: Actually, I was just saying this money enough money in the ecosystem

[00:38:58] [SPEAKER_07]: Look at this pretty much been cleaned up right now

[00:39:02] [SPEAKER_07]: I mean who's there in at Tech?

[00:39:03] [SPEAKER_07]: Supposedly, an academy is having problems

[00:39:05] [SPEAKER_07]: By doing this for bankruptcy

[00:39:07] [SPEAKER_07]: You know, doing silently when you're on the ground

[00:39:10] [SPEAKER_07]: Yeah exactly you have a few others, right? That's about it

[00:39:14] [SPEAKER_07]: I mean so there's definitely going to be some investments here

[00:39:18] [SPEAKER_07]: And physics wallers interesting, you know, I mean they're not growing through acquisitions

[00:39:24] [SPEAKER_07]: The way by just a plan to right?

[00:39:27] [SPEAKER_07]: I mean you remember 2021 where we were doing one last night

[00:39:30] [SPEAKER_07]: Yeah, one acquisition a month, right?

[00:39:32] [SPEAKER_07]: 11 large acquisitions in 12 months, I think

[00:39:38] [SPEAKER_07]: Another roundup and another by his acquisition

[00:39:41] [SPEAKER_07]: But physics waller is planning to grow a little more organically

[00:39:47] [SPEAKER_07]: Right?

[00:39:48] [SPEAKER_07]: And yeah, which the luck of course

[00:39:51] [SPEAKER_07]: I mean he was in the new sasswell

[00:39:53] [SPEAKER_07]: Right? It's for the need, yeah for the needs cameras as well

[00:39:56] [SPEAKER_07]: Yeah, I mean not that he did the need scam

[00:39:59] [SPEAKER_07]: No but he is engaging against him

[00:40:01] [SPEAKER_06]: First there's a strong voice for the students

[00:40:04] [SPEAKER_06]: For what education in India could be like

[00:40:06] [SPEAKER_06]: That's great

[00:40:08] [SPEAKER_06]: Then we have health tech startup red cliff labs

[00:40:11] [SPEAKER_06]: That is for a million dollars from IFU, Leap Frog Investments

[00:40:14] [SPEAKER_06]: Health court and spark growth ventures

[00:40:16] [SPEAKER_06]: Red cliff is a dung's diagnostics chain in India

[00:40:20] [SPEAKER_07]: What is that again?

[00:40:25] [SPEAKER_06]: Diagnostic chains in India

[00:40:27] [SPEAKER_07]: Diagnostic?

[00:40:28] [SPEAKER_07]: Diagnostic?

[00:40:30] [SPEAKER_06]: Diagnostic

[00:40:32] [SPEAKER_06]: Okay anyway, then we have Everest fleet

[00:40:35] [SPEAKER_06]: Which is a fleet management company

[00:40:37] [SPEAKER_06]: There is 3501.7 to a rupees around 30 million dollars from Uber

[00:40:42] [SPEAKER_06]: Defense sectors startup

[00:40:43] [SPEAKER_06]: We also have Hyperlocal news startup way to news

[00:40:47] [SPEAKER_06]: That is 14 million dollars from Westbridge capital and sasshi

[00:40:49] [SPEAKER_06]: Ready?

[00:40:51] [SPEAKER_06]: In short, it started on short, it raised 45 million from

[00:40:54] [SPEAKER_06]: Creates International Finance Corporation, Coona capital

[00:40:57] [SPEAKER_06]: And Nexel French Partners

[00:40:58] [SPEAKER_06]: And last but not the least from the Defense sector

[00:41:01] [SPEAKER_06]: We have Big Bang Boom that is 250 crores

[00:41:04] [SPEAKER_06]: A $30 million from Mumbai Angel Network, Viewem family office, SBI,

[00:41:09] [SPEAKER_06]: SQI investing and others

[00:41:10] [SPEAKER_06]: Interesting name

[00:41:14] [SPEAKER_07]: Toport being on brand

[00:41:16] [SPEAKER_07]: Yeah exactly

[00:41:18] [SPEAKER_07]: I mean,

[00:41:19] [SPEAKER_07]: Boom

[00:41:21] [SPEAKER_07]: Jim, Jim is name for sure

[00:41:23] [SPEAKER_07]: Speaking of, we might actually be speaking to the good folks at sss defense

[00:41:29] [SPEAKER_07]: They manufacture these rifles and whatnot

[00:41:34] [SPEAKER_07]: Pretty cool, I think we might film them in their factory

[00:41:37] [SPEAKER_06]: Oh yeah, when is that happening?

[00:41:40] [SPEAKER_07]: I don't know

[00:41:41] [SPEAKER_07]: Still in the works, right?

[00:41:43] [SPEAKER_07]: But that could be awesome

[00:41:44] [SPEAKER_07]: I mean you could see some big bang boom on the spot

[00:41:47] [SPEAKER_06]: Okay, let's move on to the talk of the town section

[00:41:51] [SPEAKER_06]: Last week, Elliot Hill was named the CEO of Nike

[00:41:55] [SPEAKER_06]: And Twitter linked in a special LinkedIn

[00:41:57] [SPEAKER_06]: And he said it was a buzz with

[00:41:59] [SPEAKER_06]: Elyts Rice to the CEO position

[00:42:03] [SPEAKER_06]: 17 or 19 years back he started as an intern in Nike on the police channel

[00:42:08] [SPEAKER_06]: From there, like almost every two or three years from the to the next level

[00:42:13] [SPEAKER_06]: He then went on to lead the regional sales team for a particular product

[00:42:17] [SPEAKER_06]: And from there he met his way up to become the CEO on October 14

[00:42:21] [SPEAKER_06]: Amazing

[00:42:23] [SPEAKER_07]: Yeah a lot of these large companies have these kind of career paths for people

[00:42:27] [SPEAKER_07]: People who started on the shop floor

[00:42:29] [SPEAKER_07]: I can remember perhaps G

[00:42:33] [SPEAKER_07]: Right Nike as you mentioned right now

[00:42:36] [SPEAKER_07]: Which is pretty amazing, right?

[00:42:38] [SPEAKER_07]: I mean knowing that hey, I am the lowest of the run here

[00:42:42] [SPEAKER_07]: And someday I mean I have a short at being the CEO

[00:42:45] [SPEAKER_07]: That's a fantastic motivator for sure

[00:42:47] [SPEAKER_07]: Right

[00:42:48] [SPEAKER_07]: Yeah

[00:42:49] [SPEAKER_07]: I was also listening to Professor Ashwad Dhamadram on different podcasts

[00:42:54] [SPEAKER_07]: And it was interesting he was saying that every company has a shelf life

[00:42:58] [SPEAKER_07]: Perseye

[00:42:59] [SPEAKER_07]: Right and once they've kind of lived through their utility

[00:43:02] [SPEAKER_07]: They should just like wind up

[00:43:04] [SPEAKER_07]: Right

[00:43:05] [SPEAKER_07]: And not really try to do all these crazy things

[00:43:08] [SPEAKER_07]: To stay young

[00:43:10] [SPEAKER_07]: I mean he was also giving this example of

[00:43:13] [SPEAKER_07]: Flipped car

[00:43:14] [SPEAKER_07]: I mean what is that Walmart acquiring Flipped car

[00:43:16] [SPEAKER_07]: He called it the most expensive face lift in the world

[00:43:20] [SPEAKER_07]: For 21 billion or whatever

[00:43:23] [SPEAKER_07]: Interesting concept for sure

[00:43:25] [SPEAKER_07]: Right

[00:43:26] [SPEAKER_06]: It's also cool, let's see like even on the senior position

[00:43:29] [SPEAKER_06]: The usual trend is you hire someone's in and doing

[00:43:31] [SPEAKER_06]: But that senior person believe that we relying on is

[00:43:34] [SPEAKER_06]: Experience of a previous company or relying on

[00:43:37] [SPEAKER_06]: Yeah, I do believe

[00:43:38] [SPEAKER_07]: I do believe there are product companies like

[00:43:42] [SPEAKER_07]: I don't know Nike

[00:43:43] [SPEAKER_07]: Even Boeing

[00:43:45] [SPEAKER_07]: Intel and so on

[00:43:47] [SPEAKER_07]: Where you just need someone with a product DNA

[00:43:50] [SPEAKER_07]: You can't have like a typical you know financial controllers

[00:43:54] [SPEAKER_07]: Mindset

[00:43:55] [SPEAKER_07]: CFO mindset in terms of okay

[00:43:58] [SPEAKER_07]: You know assets and liabilities and like return on capital

[00:44:01] [SPEAKER_06]: The best example I can think of is Apple look at

[00:44:04] [SPEAKER_06]: The various motions are went on in Apple

[00:44:06] [SPEAKER_06]: But John's going to begin the CEO

[00:44:09] [SPEAKER_07]: Yeah

[00:44:09] [SPEAKER_07]: That and Boeing right now water going through

[00:44:13] [SPEAKER_07]: Right where they have their first non-engineer CEO I think

[00:44:16] [SPEAKER_07]: Right and some would say Intel as well

[00:44:18] [SPEAKER_07]: The guy has been at the company for God knows how long

[00:44:23] [SPEAKER_07]: Right but

[00:44:24] [SPEAKER_07]: You know there's a product thinking DNA which has to be

[00:44:27] [SPEAKER_07]: Baked into whoever is at the helm

[00:44:30] [SPEAKER_07]: You know

[00:44:30] [SPEAKER_07]: There's this wonderful wonderful article I was reading about

[00:44:35] [SPEAKER_07]: How the typical managerial class kind of ruins companies

[00:44:39] [SPEAKER_07]: Will link to that

[00:44:41] [SPEAKER_07]: Founder's description

[00:44:42] [SPEAKER_07]: You need some amount of that product mindset at least

[00:44:46] [SPEAKER_07]: If not a founder's mindset right because

[00:44:49] [SPEAKER_07]: You know at a certain scale you might just think of

[00:44:52] [SPEAKER_07]: You know a company as just raking in profits

[00:44:55] [SPEAKER_07]: And your job is to kind of optimize cash flows

[00:44:58] [SPEAKER_07]: But that's not it

[00:45:00] [SPEAKER_06]: You know if it has a pee from

[00:45:01] [SPEAKER_07]: Yeah you still have to make something valuable enough for people

[00:45:06] [SPEAKER_07]: Right and people's tastes are discerning

[00:45:09] [SPEAKER_07]: Right technology is changing fast as ever

[00:45:11] [SPEAKER_07]: So you have to think ahead

[00:45:14] [SPEAKER_07]: You have to invest in R&D you have to have that product mindset

[00:45:18] [SPEAKER_07]: So yeah

[00:45:19] [SPEAKER_07]: It's good

[00:45:20] [SPEAKER_06]: We also came across an interesting

[00:45:22] [SPEAKER_06]: Or Twitter thread by Kyle Chan who talks about the collapse of new

[00:45:26] [SPEAKER_06]: Startups in China

[00:45:27] [SPEAKER_06]: Since 2008 to 2018

[00:45:30] [SPEAKER_06]: There was almost a 5x increase in the number of startups every year

[00:45:35] [SPEAKER_06]: But since 2018 till date that number has gone

[00:45:38] [SPEAKER_06]: We below the 500 or 1000 level mark

[00:45:41] [SPEAKER_06]: And this is quite concerning right because

[00:45:44] [SPEAKER_06]: The growth short in China is quite comparable to the growth

[00:45:46] [SPEAKER_06]: Short in India and I'm sure

[00:45:48] [SPEAKER_06]: As a country we should be taking away key lessons from how the Chinese ecosystem has evolved

[00:45:54] [SPEAKER_07]: The point Kyle is also trying to make is that the definition of what

[00:45:58] [SPEAKER_07]: Constituutes a startup has kind of changed in the last few years

[00:46:01] [SPEAKER_07]: And which is why you see the

[00:46:03] [SPEAKER_07]: Difference in numbers

[00:46:04] [SPEAKER_07]: But that aside no one can deny that there's been a massive implosion

[00:46:08] [SPEAKER_07]: Of the startup ecosystem or a couple of years or so

[00:46:12] [SPEAKER_07]: Starting with that tech companies then gaming and so on

[00:46:15] [SPEAKER_07]: No one can deny that

[00:46:16] [SPEAKER_07]: And there have been some overtures by the Chinese politicians

[00:46:22] [SPEAKER_07]: With the President, she visiting SFS well recently

[00:46:28] [SPEAKER_07]: And you know, try not to cap it to

[00:46:31] [SPEAKER_07]: So look I mean I think this is

[00:46:35] [SPEAKER_07]: So if there's something that we have to take away from this

[00:46:37] [SPEAKER_07]: It is that you know, there is this massive opportunity

[00:46:39] [SPEAKER_07]: Capital is seeking new venues to sort of like grow

[00:46:43] [SPEAKER_07]: And we can definitely attract this capital

[00:46:46] [SPEAKER_07]: Which is what I think all the investors and founders here have been like trying to do

[00:46:52] [SPEAKER_07]: Right and I don't see like a Chinese style like a ban or

[00:46:57] [SPEAKER_07]: You know complete

[00:46:59] [SPEAKER_07]: The extermination of startups being spirited by the government

[00:47:03] [SPEAKER_07]: I mean in fact I mean it's the opposite

[00:47:05] [SPEAKER_07]: If you listen to any of Prime Minister Modi's speeches

[00:47:08] [SPEAKER_07]: There's always his emphasis of startups

[00:47:10] [SPEAKER_07]: Right and you know increasing like the

[00:47:16] [SPEAKER_07]: Increasing the ease of doing business and so on

[00:47:19] [SPEAKER_07]: To what degree they've succeeded

[00:47:21] [SPEAKER_07]: I mean well you guys can see that over the last like four five years

[00:47:27] [SPEAKER_07]: But yeah, I mean that's the single biggest lesson I feel like which is to

[00:47:31] [SPEAKER_07]: End great startup ecosystem and make sure that there's enough capital here

[00:47:34] [SPEAKER_07]: Enough and more that we attract so that it grows

[00:47:37] [SPEAKER_06]: So as listening to this very interesting interview of Dr.

[00:47:40] [SPEAKER_06]: Pramoz Verma he was one of the persons behind the UPI

[00:47:44] [SPEAKER_06]: GST, other development in India

[00:47:47] [SPEAKER_06]: And he said for any technology to flourish in a country level

[00:47:51] [SPEAKER_06]: There are three things that need to come together

[00:47:53] [SPEAKER_06]: One is the policy and the regulations one is the technology in itself

[00:47:58] [SPEAKER_06]: The infrastructure and third is the innovation ecosystem

[00:48:01] [SPEAKER_06]: Which is people building the technology to drive more products and utility

[00:48:06] [SPEAKER_06]: But this needs to be supported by the policy reform by the regulatory reforms

[00:48:11] [SPEAKER_06]: If either of this tree goes out of a banner that might not be as successful

[00:48:15] [SPEAKER_06]: Approimant I think what went on in China is that the policies

[00:48:18] [SPEAKER_06]: Just decided to take control over anything like make it very stringent you too

[00:48:23] [SPEAKER_06]: I live with the communist party and whatnot

[00:48:25] [SPEAKER_07]: I mean the communist party is literally like a sleeping partner

[00:48:29] [SPEAKER_07]: And all of these businesses of any scale there right?

[00:48:32] [SPEAKER_07]: I mean so it's quite different people somehow make this joke about

[00:48:38] [SPEAKER_07]: You know, Nirmalasi Tharam and Jay being the you know sleeping partner

[00:48:42] [SPEAKER_07]: And there business is because the amount of taxes she charges and whatnot

[00:48:45] [SPEAKER_07]: But you know it is what it is right

[00:48:48] [SPEAKER_07]: So yeah

[00:48:50] [SPEAKER_06]: So there was this video doing the dance which includes a old news clip of Rajiv Bajaj

[00:48:55] [SPEAKER_06]: Was the CEO of Bajaj Auto

[00:48:57] [SPEAKER_06]: He was asked about should you know super by Xensport spikes go electric take a look at that snippet

[00:49:04] [SPEAKER_05]: He did has already declared it's in public to mean that they will be launching an electric motorcycle

[00:49:09] [SPEAKER_05]: Ultraviolet revolt have electric motorcycles the market all are plans to launch them as well

[00:49:15] [SPEAKER_05]: Now considering that the market is going to come up with these electric motorcycles

[00:49:20] [SPEAKER_05]: What is your thought on bringing one to market?

[00:49:23] [SPEAKER_02]: So the short story is that as a company we strongly believe

[00:49:28] [SPEAKER_02]: That you know why scooters and motorcycles with both people

[00:49:33] [SPEAKER_02]: Scooters in the electric format

[00:49:35] [SPEAKER_02]: Hold far greater potential than to motorcycles

[00:49:38] [SPEAKER_02]: That's why you know there's nothing ultra about the sale of ultraviolet

[00:49:43] [SPEAKER_06]: So over there what is referring to as this company called ultraviolet which who's fond of you have had in the podcast back in 2020

[00:49:50] [SPEAKER_03]: I think yeah the billing some kick-ass electric sports bike also brand right and what it stood for for a while in terms of performance motorcycle

[00:49:58] [SPEAKER_03]: England India but I mean where is that spirit now we are considering you know beyond a certain tier of power band

[00:50:06] [SPEAKER_03]: We're considering that

[00:50:08] [SPEAKER_03]: Managed to the European of the Japanese companies right and he come from a different school of thought

[00:50:14] [SPEAKER_03]: We believe that the future of what India can do

[00:50:18] [SPEAKER_03]: Definitely can put us in pole position when it comes to performance tech in the world of motorsports included

[00:50:24] [SPEAKER_03]: Right in fact why don't we make it a real interesting sure absolutely

[00:50:28] [SPEAKER_03]: We're gonna be there right in the backyards of a bunch of auto at

[00:50:33] [SPEAKER_03]: Race format event in about 90 days time at Ami Valley. Wow fantastic

[00:50:37] [SPEAKER_03]: We are bringing the best of what we've got

[00:50:40] [SPEAKER_03]: Absolutely terms of design tech performance coming together

[00:50:43] [SPEAKER_03]: Right and we definitely invite a bunch of auto to bring the best of what they've got right and I think a simple race format should

[00:50:50] [SPEAKER_03]: Probably give the answers to who's really really with limited resources and capital who's really pushing the boundaries of what Indian engineering can truly achieve

[00:50:59] [SPEAKER_06]: This is this is like a ruined Indian version and the two wheelers ways of fortuses variety coming up

[00:51:05] [SPEAKER_07]: The ultraviolet versus Bajad auto amazing amazing and credit to Narayan as well

[00:51:11] [SPEAKER_07]: Right I mean he is being so gracious Mr. Bajad has been well

[00:51:16] [SPEAKER_07]: Lesson said the better I mean earlier he said he's going to eat oats for breakfast

[00:51:20] [SPEAKER_07]: Saying that he's going to eat Ola, Ether and whoever else in the EVs segment for breakfast

[00:51:26] [SPEAKER_07]: Right and now this very flippant remark that ultra there's nothing ultra about ultraviolet

[00:51:32] [SPEAKER_07]: Look the ultraviolet tech is astounding. Okay, I mean they're literally reinvented every damn thing on that bike

[00:51:39] [SPEAKER_07]: Right when it could have been like very prudent for them to just like import stuff put a label and sell it

[00:51:45] [SPEAKER_07]: Right so ultraviolet is absolute ruin innovation

[00:51:50] [SPEAKER_07]: They still don't have the distribution like your hero and TVS and whatnot maybe they will someday and also they're playing a niche category right I mean they're playing this whole superbike category and

[00:52:00] [SPEAKER_07]: The thing is that you know friend of mine has the bike and the few others that I've spoken to who was you know written the bike right I mean this where

[00:52:09] [SPEAKER_07]: But right they absolutely swear by it and they say it's a piece of art

[00:52:15] [SPEAKER_07]: So that's the kind of stuff we need man. I mean and his right is absolutely right you know

[00:52:20] [SPEAKER_07]: Bajaj Pulseur when it first came out it was such a it was a British really brilliant by yeah

[00:52:26] [SPEAKER_07]: Yeah, and where is the spirit now? You know, we don't have that as much

[00:52:29] [SPEAKER_07]: Right, so amazing amazing so I am reminded of that quote right

[00:52:34] [SPEAKER_07]: I think it's often attributed to Mwanda's Gandhi

[00:52:36] [SPEAKER_07]: You know first they ignore you then they laugh at you then they fight you and then you win

[00:52:43] [SPEAKER_07]: I think some function of that is going to happen here as well. So hey go and cue big dogs

[00:52:50] [SPEAKER_07]: So all the best to the ultraviolet team. I mean of course we're rooting for you guys

[00:52:54] [SPEAKER_07]: Yeah, make it happen. Yeah

[00:52:57] [SPEAKER_06]: Ether energy is also trending in Twitter this was during the owner

[00:53:03] [SPEAKER_06]: Some are actually posted a picture of the banana leaf with some currys in it and some a cha-pati

[00:53:11] [SPEAKER_06]: On that way now yes, of course cha-pati is not a you know a very expected delicacy in South America

[00:53:18] [SPEAKER_07]: No, it's not just that see come on stop getting out reached by no, no, it is an outrage see the thing is that

[00:53:25] [SPEAKER_07]: You don't realize how much of an emotional bond that boil rice has with with Malayalis

[00:53:32] [SPEAKER_07]: I mean, it's just like it's such a very very emotional feeling

[00:53:36] [SPEAKER_07]: You know and onum satya. I mean without the rice is is unimaginable to most people

[00:53:42] [SPEAKER_06]: But there was rice not that there wasn't rice. Yeah, where people out there were all kinds of stuff, but I'm just saying like that's the significance

[00:53:49] [SPEAKER_06]: So they released a with the PR team at Ether man these guys are doing a one job

[00:53:56] [SPEAKER_06]: They posted on Twitter saying keep there has been a post of this

[00:53:59] [SPEAKER_06]: Portugal lunch served at one of our office recently where chapati was seen on a banana leaf

[00:54:05] [SPEAKER_06]: Our teams have looked at the photo and identified the root cause blah blah blah blah

[00:54:10] [SPEAKER_06]: Then they end the letter by saying this was a rare lapse of judgment on our end and have since conducted numerous cultural sensitivity workshops to prevent any search occurrence great

[00:54:20] [SPEAKER_06]: It was signed up by with love 135 Malayalis at

[00:54:25] [SPEAKER_07]: Dude what a burn man like what a burn yeah, yeah, no they took it very well. They took it's potingly

[00:54:33] [SPEAKER_06]: I mean it's a lesson in PR for sure. Yeah, so we also have a sort of needs of all cut back on

[00:54:40] [SPEAKER_06]: Back on the trending list in Twitter. Here's a look at the video and we got the results

[00:54:46] [SPEAKER_08]: I guess the top thing

[00:54:49] [SPEAKER_01]: So it's also been quite the year for your work here at Oracle to you

[00:54:54] [SPEAKER_01]: Not just the US crickets are you are also an employee here or it goes a little bit about your work with database 23 AI

[00:55:01] [SPEAKER_08]: I think 23 AI is really exciting. I'm getting to work on the AI vector search project, which is the next gen for our database product and

[00:55:13] [SPEAKER_08]: Yeah, it's really cool to work on the cutting edge of technology seeing that large language models have matured so much over the years and

[00:55:24] [SPEAKER_08]: It's great to be now integrated in a converse

[00:55:27] [SPEAKER_08]: Yeah, or DB model. Yeah, it's awesome

[00:55:29] [SPEAKER_01]: I got asked how do you have time for both jobs

[00:55:33] [SPEAKER_08]: That's my question

[00:55:35] [SPEAKER_01]: How do you do it?

[00:55:36] [SPEAKER_08]: Most importantly, it's the love for it. I'm passionate about tech

[00:55:40] [SPEAKER_08]: I'm passionate about the sport so as long as it's you passionate about it doesn't seem like work

[00:55:46] [SPEAKER_08]: You love doing it. You just have to find the time to do it and compartmentalize switch on and switch off

[00:55:52] [SPEAKER_08]: Do 100% what you're doing at that moment of time

[00:55:56] [SPEAKER_01]: That's good advice in life actually

[00:55:58] [SPEAKER_00]: Yeah, I'll try to remember that. Yeah, the last year we talked a lot about vector database

[00:56:05] [SPEAKER_00]: But I think it might be good like a quick refresher and then tell us what a hybrid vector index is

[00:56:12] [SPEAKER_07]: What a guy. What a guy means the typical

[00:56:15] [SPEAKER_07]: Like Sharma's he got married. I mean like

[00:56:18] [SPEAKER_07]: Engineer filing patents working on automation AI and whatnot, right? And this is also proving proving Indian parents rated hard

[00:56:27] [SPEAKER_06]: She kept acting as force here and he looked not really

[00:56:30] [SPEAKER_07]: Engineer filing engineering money. I mean amazing amazing

[00:56:34] [SPEAKER_07]: Oracle man, I mean what a company do I mean I think you know people my comment go, but I have feeling Oracle was day on forever

[00:56:43] [SPEAKER_07]: I mean Larry Ellison wants to stay on forever

[00:56:46] [SPEAKER_07]: He is funded some 500 million dollars in longevity research anti-aging and whatnot, but Oracle for sure

[00:56:53] [SPEAKER_07]: Right, I mean it's like that

[00:56:57] [SPEAKER_07]: What do you call that? I mean it's like the landlord of B2B SaaS basically right respect of what you do who you are

[00:57:03] [SPEAKER_07]: I don't care. I mean you're gonna give me 10 or 15% there's or may sir is SAP these guys will forever be that yeah

[00:57:11] [SPEAKER_07]: I mean and Larry Larry Larry Larry. What a guy man. I mean he is he's 80 years old, but it won't seem like it

[00:57:20] [SPEAKER_07]: I mean if you looked at him he probably looks like a 60s guy, right?

[00:57:25] [SPEAKER_06]: I mean is it doing some like blood transfusion with a younger who knows I mean it's chairman and CEO and

[00:57:33] [SPEAKER_07]: Yeah, he's 80 years old

[00:57:35] [SPEAKER_07]: He became the second or just person in the world. I think he's worth about 190 billion dollars or something

[00:57:42] [SPEAKER_06]: So amazing life goes Larry if you're listening to this you see each other

[00:57:49] [SPEAKER_06]: The second

[00:57:53] [SPEAKER_06]: Why can only hope for right

[00:57:57] [SPEAKER_07]: We couldn't convince the folks at me show if you got to like give us a party right Larry listen is gonna fly down

[00:58:05] [SPEAKER_06]: Okay guys, I think that's a great note to wrap up this discussion. We had really cool announcements right again from e-commerce government taking part in

[00:58:13] [SPEAKER_06]: Start up building and some exciting fun reasons

[00:58:16] [SPEAKER_06]: Thanks for staying with us right till this end. We hope that you have some really interesting take away from this conversation as well

[00:58:23] [SPEAKER_06]: Once again do all the good stuff like share comment and read this podcast on a favorite platform

[00:58:29] [SPEAKER_06]: We'll be back again in two weeks time

[00:58:33] [SPEAKER_07]: Right, I think this fortnightly cycle kind of works right what do you guys think I mean there's just a lot more to discuss more depth more nuance

[00:58:40] [SPEAKER_07]: All the good stuff that you like anyway

[00:58:43] [SPEAKER_07]: By the way if you haven't checked out the fantastic

[00:58:47] [SPEAKER_07]: Discussion we had with Shashank of alive health that has been live for a few days now and yeah has been getting good response

[00:58:55] [SPEAKER_07]: It's a deep dive on the health insurance landscape in India and alive has been doing some fantastic work

[00:59:02] [SPEAKER_07]: Next up we will be publishing an episode with the founders of infinite club joy and Ankita

[00:59:08] [SPEAKER_07]: joy and know from about 15 years now and they're doing some amazing stuff unlocking value from the esawbs and enabling

[00:59:19] [SPEAKER_07]: You know a wider set of people to kind of invest in startups as well

[00:59:23] [SPEAKER_07]: So do check out that episode without fail and let us know if there's an interesting founder that we should host on the podcast

[00:59:30] [SPEAKER_07]: Happy to host them and yeah, and also tell us what kind of content

[00:59:35] [SPEAKER_06]: We should be coming in we are trying to experiment with different formats of content as well. Yeah, so any suggestions on that front also is really welcome all over

[00:59:43] [SPEAKER_06]: Yeah, there is no what you think about

[00:59:46] [SPEAKER_06]: Alright guys, let's go have a great week ahead and we'll see you again soon. Bye bye cheers