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What is the start-up scene like now that funding seems to have dried up?
Funding never went away, it just became more discerning. So lots of money, but people are now funding very carefully. Valuations may be a bit muted. The velocity of funding may be slow. Maybe some of the bets people are taking may not be that speculative but funding is there.
Funding is there, but which sectors are you bullish on?
We invest in tech and obviously I see a lot of tech companies. I think AI, and deep tech are emerging. Fintech remains interesting. Health tech, supply chain automation are the areas we are looking at.
What do you make of the fact that some of the unicorns are now turning profitable? If we look at some of the data, Zomato turned profitable for the first time since its listing in Q1, FY24, Nykaa again, and Meesho as well. Do you see this momentum continue for other start-ups, seeing that the global headwinds have not really waned?
It is pretty clear that investors are giving a signal to startups to turn profitable. Now, many will do that and get there and some will not be able to and they will face a challenge.
How does employability look in future because there is a lot of talk around AI actually replacing jobs, a certain faction says that there will be no job loss, but we can re-skill people. Where do you see companies moving on that?
We do not see any impact of AI on job losses just yet. However, there will be some amount of retooling, re-skilling in organizations as AI begins to move in.
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