New Elevation Capital thesis: Enterprise AI.
A quick look at our evolving views on the key AI developments and where/how Indian founders can build in AI for enterprises.
A few big themes are emerging (in addition to our investment focus areas of infra, vertical AI, and services)
- Models may be getting commoditized, but there's a lot of room to disrupt when you go vertical
- Enterprises are going to replace labor spend with agents. You can figure out the TAM in each sector
- We will need a lot of compute. New build-out will support inference. Sovereign considerations/data localization will be big.
- We have only scratched the surface of how startups can creatively disrupt the incumbents
- Companies want to deploy production-grade AI everywhere, as fast as possible
- India is now a decent test market for AI pilots. More startups will find their first customers here
- With AI, we have an opportunity to shed the 'India is for cheaper back office work' tag
- The 'India to Global' AI corridor is well and truly in motion