I’m excited to announce the beginning of my journey as the founder of AJVC, the VC fund. AJVC’s goal has always been to support Indian entrepreneurship. With capital, we are now transforming into an enabler of entrepreneurship. Over the last decade of early-stage investing, I.

Been trying to demystify the opaque world of ESOPs at @ajuniorvc for all those who hold it. They are extremely powerful when they work, but it's important to understand how and why they work well:.

"I have got offered a 1 Cr package" said a junior to me. On looking deeper it was 50L cash and 50L in stock options, vesting over 4 years. He went on to claim that he gets about 3L in hand each month, and 50L in stocks. Most count it in their net worth, but it's very risky:.- The.

"A romantic vintage couple in bold comic-style attire embracing on a balcony under a starry night sky.". Try Grok Imagine, free for a limited time:.

AppLovin is a tech firm most wouldn't have heard of, but it is worth a crazy $154B. Larger than ICICI, the firm helps mobile apps monetize in-app through ads and purchases. In mobile gaming ad monetisation it is the leader alongside Unity, which it tried to acquire. Hidden giant.

India has just 5 firms with a market cap of greater than $100B, with the youngest being Airtel at 31 years old. US has 89 firms, the youngest being AppLovin at 13 years old. China has 17 with the youngest being PinDuoDuo at 10 years. India needs more $100B cos who are also young.

One big drawback I see with GPT-5 is its choosing of the model on your behalf . Decision to deprecate all prior models for one singular model could be for a mass market that doesn't want to decide. Slightly changing the prompt can re-route the task, unnecessary for big users.

ICICI has ~5 Cr savings accounts and probably opens 50L each year. Minimum balance of 50K gives them 25,000 Cr for loans on a 2.5% savings rate. Lend at a blended rate of 9.5%, or 7% of net interest margin or almost 2,000 Cr. One switch increases profit of giant bank by 5%.

Most AI apps today are essentially running a subsidy on compute that is passed on their users. Their subsidy is funded by the money raised with users getting access to the same compute cheaply. Eventually, the economics will have to catchup as the user finds value or the app dies.

Oil giants like Schlumberger would hire for roles in Iraq from IIT Bombay, and pay 40-50L in 2014. Worth 60-70L today, they would pay 2-3x McKinsey. But they also had a clause where they would pay ransom if you got kidnapped once, but not the second time. High pay, life risk.

I interviewed with Optiver when I was at IIT B in 2014, they were offering around $220K (1.5 Cr) in Amsterdam. Felt like big money for a 21-year-old, but HFT is a lot of money for a short amount of time. You can get fired any time, the skills don't transfer. It's a dead-end job.

India's top 5 IT companies have generated a total net profit of 10L Cr or $125B since 2015, of which $90B was given in dividends. OpenAI has raised a total of $65B in the same time frame, with India's IT majors giving 1.5x in just dividends. We could have made a serious AI lab.

India is now probably the nation with the highest tariffs in the world when it comes to the US, at 50%. The US was never friends with India, with its "sworn enemy" China at a blended 35%. Economic numbers tell the truth about the relationship.

Dad was given stocks as a trainee at Tata Steel in 1990. He sold them in 1994 for a princely sum of 50K or 3L in today's terms to buy epic speakers for the house. Speakers still remain, the story everlasting, with Tata probably the first to give ESOPs at scale. Legendary culture.

Real estate data, new store openings, restaurant location choices, brand sales data all point to India's new big 4 cities. Mumbai, Delhi, Bengaluru and Pune are now India's real metros with economic heft. Kolkata has fallen off, Chennai/Ahmedabad slowed, Hyderabad probably 5th.

AI is enabling a transfer of wealth and income:. From thousands of low skilled developers who lose their jobs, to tens of highly skilled engineers who get paid in hundreds of millions of dollars. It is not flattening skill inequality at the ends, it is making it sharper.

Dishoom is a chain of just 12 modern Indian fine dining restaurants. The chain is valued at $400M, with an incredible $100M of sales, or about $8M of revenue per restaurant. Indian restaurant chain is an almost unicorn that makes all money globally from barely any locations.