Sandeep Jayasankar

A founder who has spent 32 Years building IP-Owned Tech in India's Defense Sector. Ashok Atluri, Founder of Zen Technologies Limited shares a growth story bootstrapped from Hyderabad: -Revenue: ₹60 Cr (FY21) → ₹930 Cr(FY24) -Market cap: 40 Cr (2012-13) → 13000 Cr today -Growth: 400X in 12 years Takeaways from our conversation: 1. India historically imported 65–70% of its defense equipment. Today, defense exports have grown more than 30× over the past decade, with the private sector contributing around 60% of exports. Domestic defense production has increased to ₹1.27 lakh crore, a 174% rise since FY 2014–15. 2. For over two decades, Zen built advanced simulators but struggled to sell them in India because single-vendor bids weren’t accepted. The IDDM policy in 2015 gave preference to IP-owning Indian companies and allocated 75% of the capital acquisition budget to local sourcing. And decades of R&D became a real market worth ₹200 billion. 3. Defense tech startups in India have raised $184 million in VC funding since 2020. Zen’s journey shows that IP-owned Tech built with self-funded R&D can build the most defensible advantage, similar to how Apple captures value through IP rather than manufacturing. 4. Zen’s anti-drone systems were proven in field operations, leading to export inquiries from over 20 countries. This mirrors the broader trend of India’s defense exports growing from ₹1,940 crore (FY14) to ₹21,083 crore (FY24). Field-tested solutions build trust far faster than lab demos or pilot projects. 5. Government fundings are rewarding innovation over manufacturing. Programs like iDEX provide up to ₹10 crore for proven concepts, while DRDO offers ₹50 crore per system under the Technology Development Fund. This shift allows companies to reinvest profits into next-generation R&D. 6. Ashok believes that not all technologies should be patented. Highly secretive or complex innovations can be reverse-engineered if patented. Instead, patent what is obvious to outsiders to protect your competitive edge. 7. Build with a focused approach on Pareto technologies with maximum impact. Instead of chasing every opportunity, Zen concentrated on the 20% of technologies delivering 80% of results, anti-drone systems and simulators. Prioritizing high-leverage areas compounds impact effectively. 8. Time market entry around overlooked gaps: In 2018, drones were a hot topic, but there was little attention on anti-drone systems. Zen entered this gap and was ready when the need became urgent, from regional conflicts to domestic security. Opportunities often lie where others are silent. 9. Create policies around your innovation: Self-funded R&D firms face unique risks that conventional procurement rules often overlook. Zen advocated for new categories rather than adapting breakthrough technologies to unsuitable frameworks, ensuring their innovations could be evaluated on merit. Full Episode https://lnkd.in/gnAFEj3f

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Natasha Malpani Launches ₹200 Crore Fund to Power India’s AI Startups Former Kae Capital partner Natasha Malpani has launched Boundless Ventures, an early-stage venture fund with a corpus of ₹200 crore, dedicated to supporting homegrown AI-native startups across India. The fund will focus on pre-seed and seed-stage investments in companies innovating across consumer AI, infrastructure, agent tooling, healthcare, logistics, deep tech, and make-in-India hardware. Boundless has already written its first cheques to startups including Superhealth, Armatrix, PierSight, Knot, and two stealth ventures in AI infrastructure and consumer AI. Beyond capital, the fund promises to bring narrative and network support to founders. As Malpani puts it, India today has a once-in-a-generation advantage talent density, digital rails, and ambition to build global AI leaders from day one. At Startup Veda, we’re thrilled to see local capital fueling the AI frontier. This fund signals rising maturity in India’s venture ecosystem—placing conviction behind AI-first founders well before the rest of the world catches on. Join the conversation: Which early-stage AI ventures excite you the most? How powerful is the mix of capital + storytelling for building AI startups? #Startup #AI #VentureCapital #DeepTech #StartupIndia #FounderStories

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📸 “Non-adoption of AI is not an option anymore. The window is closing.” Founders of ixigo - Aloke Bajpai and Rajnish Kumar share their AI adoption strategy on our next episode of IndiaAI in Action, a collaboration between Startup Policy Forum and IndiaAI Mission, an initiative of the Ministry of Electronics and Information Technology. 🚀 Here’s a sneak peak. Full episode coming soon! 🥳🔥 Watch here https://lnkd.in/gqepSWkG The series is powered by Vultr, a global AI infrastructure company S Krishnan | Abhishek Singh | Kavita Bhatia | Anshul M Singhal | Avantika Gode | Shubhangi Poddar | Amit Rai | Piyush Gupta | Digvijay Singh Bisht | Arsheen K. Jain

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I recently appeared on #CryptoCorner on CNBC-TV18 where I spoke with Manisha Gupta about some key developments shaping the crypto landscape in India and across the globe. Some of the points we covered: 1. CoinDCX's Growth: We recently crossed 2 Crore+ users. Interestingly, the average age of our users has shifted from 25 to 31, showing maturing participation. But crypto is not yet a chai break or dinner table conversation in India. We are still at a very early stage of growth. 2. Portfolio Diversification: A comparison between equity, gold, and crypto, and the unique role each plays in building a balanced investment portfolio. 3. Golden Opportunity in Crypto: Why the current market environment makes this a very good opportunity to enter or continue investing in crypto 4. India’s Position: While India has been slightly behind in crypto adoption, it has the potential to leapfrog with the right policies and ecosystem support. Do watch and share your feedback with us! w/Sumit Gupta, Neeraj Khandelwal, Rohit Jain.

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