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Before India talked about “deep tech,” IIT Madras was already building it. At a recent IIT Madras event, Tarun Mehta of Ather Energy heard a staggering stat: 115 startups incubated last year — almost all in deep tech, hardware, or AI. But this culture didn’t appear overnight. Back in...

55,043 次观看 • 7 个月前 •via X (Twitter)

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MakeMyTrip is a Rs 60,000 crore company that, by all logic, shouldn't exist. It launched in 2000 when India's internet barely worked. Connections dropped, credit cards failed online, and most people used the internet to browse, not buy. The company faced a triple whammy of the dotcom bust, 9/11, and SARS in the early days, each hitting global travel harder than the last. Two decades later, COVID brought travel to a grinding halt—again. In between, deep-pocketed competitors launched brutal price wars that burned cash faster than revenues could grow. Desktop UX was losing ground to nimbler competitors. Hotels remained stubbornly offline—despite celebrity campaigns, the fragmented market wouldn't budge. Yet, against every odd, they didn't just survive—they rewrote India's internet story. In this weekday episode of the Blume Podcast, Karthik Reddy (Karthik) sits down with co-founders Deep Kalra (Deep Kalra) and Rajesh Magow (Rajesh Magow) to chat about building a generational company through two decades of chaos. Here's what makes their story remarkable: They grew 25× between 2005 and 2010—from near-bankruptcy in 2001, working without salaries in a ₹12/sqft mezzanine office where their knees touched when they swiveled around. They rang the Nasdaq bell in 2010—when Indian internet companies going public on a foreign exchange was virtually unheard of. 75-80% of employees held ESOPs that turned into real wealth practically overnight. They bet the company on mobile-first when it mattered—abandoning desktop entirely to win on app UX, never looking back. They survived a quarter with 96% revenue drop during COVID—and emerged with ruthless cost discipline and a stronger product, while keeping their best talent motivated when competitors were hiring aggressively. As Rajesh says, "Every crisis gives you the license to fix what you couldn't before." Today, MakeMyTrip is worth over ₹60,000 crore—but for its founders, it's still Day 1. With India's macro tailwinds and AI reshaping travel, the next chapter might just be their biggest yet. 🔗 Season Partners: IDFC FIRST Bank and Ultrahuman (Blume portco) Ashish Fafadia Sajith Pai Sanjay Nath Arpit Agarwal Ria Shroff Desai sarita raichura Alok Mehta Mitul Mehta Rohit Kaul Deepika Gautham S Elton Ray Coelho Vikram Gawande

Blume Ventures

11,791 次观看 • 8 个月前

Nothing exemplifies "Winning Beyond Boundaries" more than an Olympic Gold medal 🏅 We're ending Season 3 of the Blume Podcast with a bang! In the 10th and the last episode of this season, Karthik Reddy (Karthik Reddy) sat down with Olympic Gold medalist, World Champion, and Asia's beacon of excellence in athletics - Neeraj Chopra (Neeraj Chopra). 💪 From a small town in Haryana to shattering European dominance in javelin throw, Neeraj's journey perfectly embodies S3's theme of Winning Beyond Boundaries. In this candid conversation, he opens up about: • His mischievous childhood & unconventional entry into sports • The mindset behind handling victories and near-misses • The Gold medal moment and everything that he did to reach there • What it takes to compete and win against the best in the world • His partnership with his coaches and how he trains • Why he believes children should be allowed to be naughty A big thanks to Vinay Singhal (Vinay Singhal (stage.in)), co-founder of STAGE, and the entire STAGE team for making this episode happen 🙏 (and for graciously letting us use their beautiful office for many hours on a Saturday). STAGE (a Blume Fund IV company) is revolutionizing the Indian entertainment landscape by bringing authentic regional content to millions. Neeraj is their brand ambassador, a perfect partnership celebrating India's cultural heritage. Thanks to IDFC FIRST Bank for being our annual partner. Watch the story of Neeraj Chopra and discover what’s possible with resilience, confidence, and unshakable self-belief. Or, in Neeraj's words "यही एडवाइस है—खुद पर बिलीव रखो और सही मेहनत करो!” Watch the full episode here or on YouTube (link in comments). Karthik Reddy Ashish Fafadia Sajith Pai Sanjay Nath Arpit Agarwal Ria Shroff Desai sarita raichura Alok Mehta Mitul Mehta Rohit Kaul Deepika Gautham S Vignesh Aditya Kuber PS: On his first day of school, little Neeraj threw his books into a well and went off to play. Who knew this mischievous kid would one day throw a javelin into Olympic history! 😄

Blume Ventures

15,889 次观看 • 1 年前

Bharat Innovates 2026 proudly highlights Altmin, a deep tech startup driving India’s clean energy and battery materials revolution. Focused on building a fully integrated lithium ion battery supply chain, Altmin is developing India’s first LFP cathode giga factory in Telangana, strengthening the nation’s push toward sustainable mobility and energy independence. Altmin is also part of an elite group of deep tech startups selected for the prestigious Bharat Innovates 2026 program by the Ministry of Education, Government of India, to be showcased from 14–16 June 2026 in Nice, France. With innovation at its core, Altmin is advancing eco friendly battery materials, strategic lithium refining partnerships, and next generation cell engineering technologies. By collaborating with global mineral partners and Indian research institutions like ARCI, the startup is positioning India as a major player in the global EV and energy storage ecosystem Narendra Modi PMO India Ministry of Education Dharmendra Pradhan Principal Scientific Adviser, Govt. of India Vineet Joshi Sanjay Kumar DSTIndia AICTE UGC Payscale PIBIndia DD News All India Radio News Office of Dr. S. Jaishankar Chaitanya K Prasad Ministry of External Affairs Bharat India in Portugal India in France Consulate General of India, Marseille India in Germany India in Ireland (Embassy of India, Dublin) India in the UK IIT Bombay SINE IITB Pan IIT Alumni India altminindia #BharatInnovates2026 #NiceFrance #Innovation #DeepTech #StartupIndia

Bharat Innovates 2026

11,287 次观看 • 2 个月前

Bharat Innovates 2026 showcases Green Aero Propulsion Pvt. Ltd., a pioneering deep-tech startup transforming the future of aerospace through sustainable propulsion technologies. Incubated at IIT Delhi, the company is developing next-generation hydrogen-powered and multi-fuel aero engines aimed at decarbonizing aviation and reducing dependence on fossil fuels. With a strong focus on indigenous innovation, Green Aero is building high efficiency propulsion systems for both civilian and defence applications, including drones, aircraft, and advanced mobility platforms. Green Aero Propulsion Pvt. Ltd is also part of an elite group of deep-tech startups selected for the prestigious Bharat Innovates 2026 program by the Ministry of Education, Government of India, to be showcased from 14–16 June 2026 in Nice, France. With breakthrough milestones such as the successful test-firing of India’s hydrogen powered aero engine core, the startup is positioning itself at the forefront of clean aviation technology. By combining fuel flexibility, advanced turbine design, and waste-heat recovery systems, Green Aero is enabling more efficient and environmentally friendly flight solutions. As part of Bharat Innovates 2026, the startup represents India’s growing leadership in deep-tech and sustainable aerospace innovation driving a greener and self-reliant future. Narendra Modi PMO India Ministry of Education Dharmendra Pradhan Principal Scientific Adviser, Govt. of India Vineet Joshi Sanjay Kumar DSTIndia AICTE UGC Payscale PIBIndia DD News All India Radio News Office of Dr. S. Jaishankar Chaitanya K Prasad Ministry of External Affairs Bharat India in Portugal India in France Consulate General of India, Marseille India in Germany India in Ireland (Embassy of India, Dublin) India in the UK IIT Bombay SINE IITB Pan IIT Alumni India #BharatInnovates2026 #DeepTechIndia #CleanEnergy #SustainableAviation #madeinindia

Bharat Innovates 2026

84,434 次观看 • 2 个月前

How IIT Madras is Changing Global Security The End of Hacking? IIT Madras is spearheading India's push into quantum-secure communications through the IITM-C-DOT Samgnya Technologies Foundation, launched as the National Hub for Quantum Communication under the National Quantum Mission. This initiative aims to make communications "unhackable" by shifting from math-based encryption to physics-based security, countering future quantum computer threats. ​ The hub, inaugurated in December 2025 at IIT Madras Research Park, partners with C-DOT and is funded by the Department of Science and Technology (DST). It focuses on developing indigenous quantum hardware, QKD networks, quantum repeaters, and satellite-based systems to protect critical infrastructure like AI data centers and defense networks. Traditional encryption relies on complex math that quantum computers will crack in years. QKD uses quantum physics: any eavesdropping alters the quantum state, alerting the system instantly and burning the key. IIT Madras claims an edge in secure transmission over computing leaders like the US and China. ​ The hub builds real-world testbeds, subsidizes hardware for startups, trains experts, and links globally via IITM Global outposts. It positions India to lead in quantum-secure networks for sovereign AI and government use within five years. ​ IIT Madras also runs CyStar, a cybersecurity center advancing quantum security, AI model protection, and IoT defenses since 2024. This aligns with national goals for unhackable comms amid rising cyber threats. Credit : AIM Network.

Augadh

11,978 次观看 • 5 个月前

The Indian Government just did something that has Silicon Valley terrified. India is not simply buying AI chips. It is deliberately making AI compute cheaper than Amazon, and in some cases free. Under the IndiaAI Mission, the government has launched AIRAWAT, a national AI compute platform, alongside iKosha, India’s national AI data treasury. Together, they give startups, researchers and universities access to high-end AI compute at a fraction of the cost charged by Amazon, Google or Microsoft. For public institutions, researchers and selected early-stage startups, access is heavily subsidised, and in some cases provided entirely free. This is a fundamental shift in how AI infrastructure is being built. On Western cloud platforms, AI compute is priced for multinational corporations with deep pockets. India has chosen a different route. Instead of locking AI behind expensive pay-per-use contracts, it has created shared national infrastructure, where GPUs are pooled and made available at cost. Startups do not need millions in venture capital just to train a model. Researchers are not forced into foreign cloud dependency. Innovation is not restricted to those who can afford Silicon Valley pricing. The rollout of tens of thousands of GPUs, many of them Nvidia, is not about stockpiling hardware. It is about democratising access to compute. India is making it clear that if you are building something useful, locally relevant, or public-facing, you should not be priced out of AI by Big Tech. This is why it matters globally. India is not trying to outspend the United States or China. It is doing something more disruptive: undercutting the cloud monopoly model by making AI infrastructure cheap, shared, and in some cases free. That is also why this development receives so little attention in Western tech media. This is iKosha, AIRAWAT, and a conscious move towards AI sovereignty — affordable, accessible, and designed for public good rather than corporate rent-seeking.

JIX5A

67,346 次观看 • 5 个月前

From Eric Vishria on how the top AI founders are building products completely opposite of the SaaS era: "One of the things that is really different in the AI world versus the SaaS world, is that in the SaaS world, over and over again, you had people who really understood the customer. And the problem. And then they understood a domain. They understood what the technology was more or less capable of. But it wasn't a real question of if you could build something or not. For example, take Salesforce, Workday, and ServiceNow. CRM existed before Salesforce. HR management existed before Workday. Same thing with ServiceNow. So in every case, Salesforce followed Siebel. Workday followed Peoplesoft. ServiceNow followed Peregrine and Remedy, and others. So they were just kind of, cloud SaaS versions of the prior generation product. They just understood the customers. They understood the problem. And they were just like, here's a better version. And that evolved a little bit over time in SaaS land. But that's what it is. And so product development in that way was done by people who really understood the customer and the problems. And then just took advantage of the next wave. And this is almost diametrically opposite of product development in the AI era. When I look at the teams that are having the most success today, they have intimate knowledge of the models. They are right on the frontier of understanding which models are better at what, and why, and when. And what they're going to be good at and what they're not going to be good at. And what they're spending their time on, is figuring out how do I apply this capability of this model to this domain or to this user. So they're actually working inside out or technology out, versus customer problem in. And of course, they understand the customer problem. And a lot of times they have firsthand knowledge of it. But they're really close to the metal and capability, and they're applying it. And I think this is a really different way to develop products than in SaaS. I started my career as a product manager a long time ago, and it's almost the complete opposite of everything you learned. "Listen to the customer, understand it, then bring it back to the engineering and product teams." If you did that right now, ask a bunch of customers what they want out of AI, and you brought it back, for the most part, it may not be possible today with today's technology. Whereas the teams that are winning right now really understand the technology and are applying it out. And so I think this reversal matters. I think it's a big difference in terms of how companies are getting built. And maybe even the types of entrepreneurs that will be successful. I'm not sure. You're seeing some real change there. Look at the Bret Taylor's at Sierra. That's a super, super technical founder who really gets it. Brett and Clay really get it. You look at Michael and his co-founders at Cursor. They're super technical founders and they get it. They all really understand what these things can and can't do. And that's a pretty different dynamic relative to the way the best SaaS companies got built." Link in bio for the full conversation going deep on the current class of startups going from zero to $100m+ in ARR within 12 months.

The Peel

209,752 次观看 • 1 年前

The world needs 10x more scientist-founders. 5050 helps scientists and engineers become great founders and start indispensable companies. Applications open! Startups are the best way to make a real impact with research, but where do you get started? How do you know if entrepreneurship is for you? Whether you’re validating an idea or ready to build — 5050 is for you. You’ll learn what it takes to become a great founder, how to choose the right problem, technology, and market, and how to build a deep tech startup. “It’s a cheat code for starting a deep tech startup.” – Eric McShane, 5050 alum. • Eric McShane and Evan spun out of Stanford and co-founded Electroflow to tackle the lithium shortage. They’ve scaled their tech by 200x in 6 months. • Mark Budde 🦕🏆 joined 5050 as a postdoc at Caltech. Two years later, plasmidsaurus enables scientists across all 50 states and most European countries to go much faster. • Niccolo joined as a Tesla engineer. Three months later, he co-founded Clippership and is building autonomous sailboats to decarbonize maritime shipping. • Chi and Tay Shin joined as postdocs at MIT. Within weeks, they spun out and are now working to enable in vivo cell reprogramming. At Fifty Years, we’ve built deep tech companies ourselves. We’ve backed over 100 deep tech startups from the earliest stages and helped them raise over 4.6 billion dollars. We distilled everything we know about deep tech startups into 5050: a free program to help world-class scientists and engineers start indispensable companies. Phase I: Explore We’ll help you answer: How do I turn my breakthrough science into a business? What do I need to make a startup idea work? Am I ready to be a founder? You’ll learn if entrepreneurship is right for you, identify the idea to build, and pivot quickly if necessary. We’ll guide you through the early days of building in deep tech. At the end of Explore, those ready to build a startup will be invited to the next phase, Build. Phase II: Build You’ll join a cohort of fast-moving founders who will challenge you to ramp up. We’ll coach you to level up into a great founder and guide you through the early days of building in deep tech. Build will help you de-risk your technology, hit key milestones, raise a first round, and reach takeoff speed fast. Helping great scientists and engineers become great entrepreneurs is our jam. Apply / nominate! ➜

Seth Bannon

106,391 次观看 • 2 年前