Premji Invest

In a freewheeling conversation with CNBC-TV18 & moneycontrol.com at their Global AI conclave in Bangalore on November 22, 2024, our CEO, Tk Kurien, spoke about taking long-term bets working on probabilistic outcomes on perception of the future, building an enviable AI portfolio in the US with a great technical team with excellent ecosystem connects based in Palo Alto, the massive opportunities in services for AI startups in India, impact of AI on jobs, the outlook for AI and LLM models and more. You can watch the fireside chat on “How Premji Invest built a world-beating global AI portfolio from Bengaluru” here: https://lnkd.in/eky4iy8m Courtesy: moneycontrol.com Watch with other sessions at the Global AI conclave on moneycontrol here: https://lnkd.in/gJjNqQb8 Premji Invest - US

Saravanan Nattanmai, Partner at Premji Invest, is doing a panel discussion on venture capital and public equity investing at the “Building a Future-Ready Bank” summit organized by Cedar-IBSi Capital & FinTech Lab on November 22, 2024. The event will feature Saravanan, with other industry delegates exploring the next phase of FinTech investing, focusing on how these funds are transforming financial infrastructure and B2B FinTech. #FinTech #FutureReadyBank #PremjiInvest

Raising the bar for the next generation of finance leaders! Congratulations to Seethalakshmy Narayanan on her well-deserved spot on Forbes India' 30 Under 30 in Finance 2024! As the youngest-ever vice president at Premji Invest in its 17-year history, Seethalalakshmy has led seven investments, aggregating over $300 million, across sectors. Her consistent and visionary approach, coupled with a focus on identifying impactful investments at the right valuations, exemplifies her commitment to creating sustainable value. We celebrate Seethalalakshmy's remarkable journey and look forward to her continued contributions in the future. https://lnkd.in/gsfX5B8b   #PremjiInvest #Forbes30under30 #Finance

Ramesh Nagarajan, our Chief Digital Officer, joined regulators, policymakers, and industry experts at the Insights Forum™ by IOSCO’s Fintech Task Force Artificial Intelligence (AI) Working Group in Singapore on Nov 4-5, 2024, to discuss the latest advancements and challenges in AI for financial markets. There was a rich deliberation on three aspects: > Value capture using AI technology: Through productivity apps; co-pilots for sales discovery & customer support; and automation of routine tasks. >Areas best suited for AI technology applications: Machine Learning (ML) based fraud and risk management, credit scoring, algo trading; Natural Language Processing (NLP) in customer support and sales discovery; generative AI for personalization of financial products; computer vision for document analysis and regulatory changes tracking; and automation. > AI to combat fraudulent behaviour: Use of AI in detecting deepfakes or attempted intrusions with fraudulent credentials. The discussions resonated with attendees, underscoring AI's vast potential in fintech and the need for thoughtful regulatory guidance as these technologies evolve. GFTN  #InsightsForum #Fintech #AI #premjiinvest

Inspiring the next generation of leaders! Saravanan Nattanmai, Partner at Premji Invest, delivered a powerful session at Indian School of Business's Artha 2024, exploring the critical factors driving India's journey towards a $7 Trillion economy. His insights on the role of technology in driving financial inclusion and the emerging trends in private equity investments resonated deeply with the audience, sparking engaging discussions about the future of financial services. He also shed light on Premji Invest’s investment strategic focus on identifying and backing companies enabling meaningful change across key sectors. See the highlights here. #PremjiInvest #nextgenleaders #artha2024 #leadership 

The pace of India’s economic growth has been remarkable over the last decade and is expected to amplify driven by innovations in financial and operational technologies. With this in mind, Legal 500 recognizes leading general counsels who have been at the forefront of this progress. We are glad to share that our General Counsel, Vardaan Ahluwalia, has been recognised by Legal 500 for all the exciting work that he has been doing at Premji Invest.   Vardaan recognizes that AI is going to positively change legal service delivery and as one of his key initiatives, led the AI-powered contract and legal process automation at Premji Invest. “My long-term goal is to build a renowned in-house legal department, one characterized by strong legal expertise and a solution-oriented approach.” - Vardaan Ahluwalia, General Counsel, Premji Invest. This recognition from Legal 500 highlights his commitment to innovation, technical excellence, and setting new benchmarks in the industry.   Congratulations, Vardaan! #legal500 #GCPowerlist #GeneralCounsel #India #GCPowerlistIndia

Over the years, Purplle.com has become one of India’s most loved omni-channel beauty destinations, offering millions of shoppers over 60,000 products, including several exclusive products both online and in stores. We are excited to strengthen our partnership with Purplle further by participating in their Series F funding round. All the best Manish Taneja, Rahul Dash, Suyash Katyayani as you make beauty accessible to millions of women and men across the country. Read the complete article here: https://lnkd.in/deSbkz6p Viraj T.| Nishant SP | Soumya Gupta | Kaveesh Chawla | Tk Kurien #PremjiInvest #Purplle #partnership

GIVA secures Rs. 255 crore in Series B funding, led by Premji Invest and existing investors. "We are impressed by the Giva team's strong commitment and relentless drive to build a best-in-class shopping experience for fine jewelry customers. We are excited to increase our investment as we partner with Giva on their growth journey," said Kaveesh Chawla, Partner, Premji Invest. Read the full story here: https://lnkd.in/gjeWP_a9 #GIVA #PremjiInvest

“The generative AI landscape in India will evolve differently from how it's evolving in the US. We believe that a massive opportunity exists in the vertical LLM agents space where lots of Indian startups will be built.  We're already seeing the first cohorts crop up in the US, such as our portfolio companies Hippocratic AI building a vertical LLM in healthcare and Poolside which is building a platform to reimagine software development.  India’s strength in sectors like enterprise solutions and digital transformation will help in leading the next generation of AI-led services businesses. India will also uniquely lead solutions involving government services using digital public infrastructure.  At Premji Invest, we’re evergreen capital and excited to back companies with the potential to build businesses that last generations, across India and the US, from series A to pre-IPO, " notes Manjot Pahwa, Head-Early stage Technology Investments, Premji Invest in The Economic Times. https://lnkd.in/g47QCcQ3

Do e-commerce businesses in India have long-term potential? Kaveesh Chawla, Partner at Premji Invest, was a panelist at the ETRetail E-Commerce & Digital Natives Summit 2024 focusing on insights for e-commerce businesses to drive growth and optimize operations. At the summit, he discussed how Premji Invest works closely with vertical ecommerce and omni-channel startups in their scale up journey. He also talked about Premji Invest’s experience with partnering with several horizontal and vertical e-commerce companies over the years, including, Flipkart, Myntra, Lenskart, Firstcry, Purplle, Giva and The Sleep Company. Kaveesh was also one of the jury members for the ET eDNA Awards 2024 to celebrate India’s best and brightest e-commerce and D2C brands and leaders. #FutureOfTech #TechTrends #InnovativeTech #PremjiInvest