Bhavish Aggarwal Plans Krutrim AI Cloud, Microsoft Azure’s Alternative - Indian Startup News 209
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- เผยแพร่เมื่อ 8 มิ.ย. 2024
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00:00 Ola vs Microsoft
01:27 Zomato closed FY24 with four consecutive profitable quarters
03:16 Urban Company becomes profitable for the first time
04:19 IPO News: Digit IPO opens and Awfis IPO date announced
05:32 Hanooman AI goes live
06:05 Funding news
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Ola vs Microsoft:
1. He has decided to move Ola out of Microsoft’s cloud platform Azure to their Krutrim Cloud.
2. The whole thing started with a post Bhavish made on LinkedIn - calling the usage of the term “they” an illness and said that their AI moderation was “imposing a political ideology on Indian users”.
3. This led LinkedIn, which is owned by Microsoft, to remove his post for violating their community guidelines. Bhavish went ahead an wrote a detailed blogpost, which detailed the actions he wanted to take against big tech monopolies like Linkedin.
Zomato closed FY24 with four consecutive profitable quarters:
1. As Zomato shared their latest financials, the company managed to stay profitable for four consecutive quarters - staying profitable for an entire year - which is a first for the company.
2. They closed FY24 with 351 crore rupees in profits after tax on revenue of 12,961 crore rupees.
3. Zomato wasn’t the only star in their growth story this year. Zomato’s star is their quick commerce arm Blinkit.
Urban Company becomes profitable for the first time:
1. Abhiraj Singh Bhal, one of the co-founders of the Urban Company, announced on social media that his company has turned profitable for the first time ever in April 2024.
2. In Urban Company’s case, they are profitable at the PBT level - which means Profit Before Tax.
3. This number was 7 crore rupees for the month of April as reported by Entrackr.
IPO News: Digit IPO opens and Awfis IPO date announced:
1. insurance company Go Digit, whose IPO opened on 15th May, is raising 1,125 crore rupees in fresh capital and another 1,489.65 crore rupees by selling existing 5.48 crore shares through the offer for sale component
2. Each share has a fixed price band of 258 to 278 rupees.
3. Awfis is all set to open their IPO on 22nd May and they are planning to raise anywhere between 576 crore rupees to 599 crore rupees.
Hanooman AI goes live:
1. The generative AI platform Hanooman, which has been developed by Seetha Mahalakshmi Healthcare (SML) and 3AI Holding, was launched last week.
2. Available in 98 global languages (12 of which are Indian), it is claimed to be the “largest multilingual and most affordable Gen AI platform”.
3. The platform wants to get 200 million users in the first year of their launch.
Funding news:
1.This week, Indian startups raised a total of 51 million dollars.
2. Hyderabad-based on-demand ambulance provider RED.Health has raised 20 million dollars, in their series B round.
3. Bengaluru-based startup Rupeek, which lets you avail loans against your gold, has raised almost 6 million dollars in their latest funding round.
4. Mumbai-based Celcius Logistics has raised 4.79 million dollars in their pre-Series B round.
5. Pune-based Matel Motion has raised 4 million dollars in their series A round.
6. Bengaluru-based Sarla Aviationhas raised an undisclosed amount of funds in their pre-seed round.
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Crazy courageous step
It's time
Let Indian companies stand tall and create our own ecosystem
Everyone should watch bhavish's interview with rajiv malhotra
@@onetwokaafour 💯
Power move, Bhavish!
More power to you, Bhavish and to all the Bharitya companies.
Porter became a unicorn.
Your leadership is inspiring a movement
Thank you for being a voice for change
im all happy for indian cloud, but lets not lie to ourselves, it was just a publicity stunt, you cant migrate stuff in just a week, you need a lot of planning to not mess up stuff
Rumor mills from very prominent OLA employees seem to say otherwise. He’s making them work overtime on the weekends to achieve this. Today Bhavesh joined random calls where the data migration was taking place and was threatening to fire his employees left right & centre He completely ignored the same argument which you gave above, coming from his employees.
@maneshwarsingh8688 making them overwork can still mean its under works for some time now and theyre just behind schedule.
you see you cant even acquire hardware in a week (for this large quantities) let alone building on top of it. My job is pretty related to this sort of stuff, you wont believe how long even the small and stupid stuff takes
@@user-qu5cc5oe2h you're clearly not aware of the toxicity at the OLA workplace lead primarily by Bhavesh and his close aides. I've heard horror stories of people getting fired over the minutest of details, and Bhavesh being none the wiser. His ego centric approach to drive the growth of OLA is definitely not sustainable in the long term. This startup wouldn't see the light of the next decade.
@@maneshwarsingh8688Ola is easily the worst Indian company. Bhavesh is a hack. Their customer support is non existent. Waiting for the inevitable demise
Despite what this other guy is saying even I’m finding it hard to believe. I just saw this all today. I’m still scratching my head about Krutrim.
& even tho, I’d love for indigenisation of all things tech, especially the data, what I’m puzzled about is how much service level innovation has krutrim achieved for such a big move.
Unbelievable, nonetheless.
Thank you for speaking up for what's right🙌
Keep shining bright✨
How you research about this things
Aag lage basti me... Bhavesh apni masti mein 😅
Proud to support a leader like you Bhavish.
I have heard Alkamai is also good for saving cloud costs
Nothing is impossible ❤❤
A step towards a more inclusive digital space!
Moving out of Auze may be very costly. because there engress policy is very centered.
Most of OLA runs on AWS. That is just a marketing gimmick
Bhavish you're our hero🤩
And btw any tech building should be built for a larger audience that cannot be dictated by any single country's law.
This is the change we've been waiting for.
I don't think that any developer will move on from Azure to Kutrim just for current perks which they will be charging after some time, it's better for new developer to start with this but most of the startups will not rely on perk!
Bhavesh did the right thing
Go digit IPO is expensive around 630 PE, not good to invest
Same thoughts.
@@thetornadoweb2023 yeah i will invest in red time when it will go more low
next vedio top 10 punjab startups
Can you please add who funded those companies?
Hmmm... I think that would end up taking too much time every week 😞 although I would love to add this info. But usually there are many investors, so including that for each company, each week would just eat up too much time. And if we just add some investors or focus on some companies, people will wonder how/why we're only focusing on some and not others. -Caleb
Do podcast with a millionaire/Billionaire.
Ola is almost entirely run on AWS already, this whole business about leaving Azure behind is propaganda.
❤❤
Maybe adani is starting his own ev bike company
We believe in you bhavish aggarwal.
Cloud infrastructure lending is a big business... Obviously bhavish wants a piece of it
This Aggarwal guy is fooling no one.
This his they them business is completely sick and maddening. Kudos to him
Ola just has cloned app of uber as it’s tech skill. It ventured into ev scooters and we know how bad the tech is.. literally lot of scooters caught fire due to faulty usage of batteries. And this founder says he’ll compete with azure? I mean, a lot of people started getting away with public announcements of lies. These statements from Ola are meant for people who don’t understand the technology he’s talking about. It’s like saying Japanese cricket team will beat Indian cricket team in a World Cup match.. it just doesn’t make sense!
It's not gud AI just a stun to gain attention, chatgpt 3.5 is away bettet to use 😂
Nahh! Bard is better than any version of gpt
@@Aaditya_official just coz its free??
Facebook's open-sourced version is as good as chatgpt and it's free
Bhavesh is in his delulu phase.
but someone has to stand against this monopoly created by US giants
To break the monopoly of foreign companies, you have to be crazy. In this geopolitical uncertainty we need to have alternatives to every foreign companies available but its very hard. Don't forget what happened with Russia
Best example of breaking monopoly are, UPI and Rupay, They broke the duepoly of Mastercard and VISA
@@Hello-kh6bkSame my thoughts when UPI was introduced people said same that it's delusional
@@ameetgajankush1940 Hope they survive against US giants. 😂😂😂
@@BelugaGuy-ks5mp bro if you are indian you can relate with this idiom bhais k aage bin bajana
competing Microsoft in cloud is like challenging god for a fight. You just can’t win it. It’s just a publicity stunt or a wrapper above an existing cloud player. Most probably aws or google.
big things always start from the rebels
AWS is the leader not azure and azure breaks often and on top of that data breaches
@@indian9632 by revenue azure and by market share aws is market leader and that also is quickly changing
@@ameetgajankush1940 Most rebellions were never won, only some won. Hoping Bhavesh delulu phase ends as a fad.
@@BelugaGuy-ks5mp coin always have two faces your mindset shows you think negative always be positive then you will notice how your life has been changed and if an Indian is creating something show some support other than waiting for his failure
bhavish never revelas ground truth ...so to start cloud for training & inference how many GPUs he has? H100s ? they released chatbot which was trained on some open source model and call it foundational model and competing with google meta. All he want is attention. Hanooman seems authentic and legit.
Bhavesh is just giving some excuses to cut costs by cutting Microsoft and using nationalism to get himself some business.
just like easemytrip did with Maldives issue.
Better than making our citizens slave to global corporate
Only idiots who have no idea how much it costs to move infrastructure out think that way
hindi me bol le bhai,,,,AI kio use kr rha he
I'm Canadian. I don't speak Hindi lol. No AI being used here at all. -Caleb
Bavesh is Nautanki.. it was stunt from him
Kudos to Bhavish for standing up to the tyranny.
I like his step.
As i know Most of Indian don't know this gender thing. They just select it as like basic English.
Idea behind pronoun is so dumb and US politics.
He, she, they are all pronouns. They is just gender neutral. But, delulu Bhavesh needs to act like a cry baby for that.
@@BelugaGuy-ks5mp Either you are dumb or shrewd. I know and understand politics behind gender confusion in US politics. Gender is unesscary on LinkedIn profile and how LinkedIn block his post isn't free speech suppression ?