eChai's Startup Growth Networking Meetup in Ahmedabad is happening today evening at IIMA Ventures from 6 pm to 8 pm.

ft.

Zaiba Sarang

(iThink Logistics)

Bhavesh Patel

(Brands.live)

Aditya Shah

(Because)

Vishakha Shah

(Venus Logistics)

Sushil Agrawal

(Saarthi Pedagogy)

I'll be moderating this meetup.

Free registration at eChai.Ventures

We are hosting the Hiring AI Talent for Startups meetup in Bengaluru today evening at WeCP HQ, HSR Layout from 6 pm to 8 pm.

Abhishek Kaushik

(WeCP)

Shivam Tiwari

(John Jacobs - LensKart)

Shreyans Panchal

 (Yomo AI)

Free registration at eChai.Ventures

We are elated to share that, we will be exhibiting RoyalPOS at Food & AgriTech Expo 2024, organised by The Southern Gujarat Chamber Of Commerce And Industry - SGCCI.

🗓️ 10-12th Feb 2024

📍 Surat International Exhibition and Convention Centre, Sarsana, Surat, Gujarat

📞 +91 8780228978 

From the earlier eChai SaaS Social with founder friends from the city at MagentaInsights HQ.

Small Group. Candid Conversations. Startup Folks.

Great to catch up with many new founder friends from Ahmedabad.

Vikas Mundhra & Vikalp Somani (MagentaInsights)

Yash Shah (Clientjoy)

VIKASH RAJPUROHIT & Keshav Dhamecha (VastraApp)

Pankaj Bhimani (58Miles)

Kush Prajapati (Redicine)

Pratik Patel (Flo Mobility)

Himani Kankaria (Missive Digital)

Bhavik Makwana (ZenDevX)

Anuj Dalal (Zestard)

Mitesh Shethwala (Currently)

Harsha Bhurani (Hummingbird Consulting)

Jay Patel (Momentum Ventures)

Koumal Kalantry (Ankk Cares)

Swayam Raval (Admyre Club)

Nishi Jain (Vibes Good)

Niren Panchal (Brittman & Workex)

Foram Popat (HROne)

List of participants at https://echai.ventures/events/echai-saas-social-in-ahmedabad-feb-07-2024

Conversations going beyond businesses but all align to make businesses bigger n better.

It was fun being part of today’s eChai SaaS Social at Magenta Insights office.

One journey setting path for another journey. Problems/Challenges bringing people together for bigger - brighter and more productive solutions.

Thanks you

Vikas Mundhra

and

Jatin Chaudhary

! cannot miss to mention - the happiness bell  is such a motivating n cute thing. 

Entrepreneurs present are great minds bringing innovative solutions.

And we all sneaked in for a quick photo shoot. Looks fab. Great places designed for best working - Devx.

Cheers

We'll be hosting eChai's SaaS Social today evening in Ahmedabad.

Small Group. Candid Conversations. SaaS Folks.

We'll have parallel consumer business social also. Later on we'll have common gathering with both the groups.

More info at https://echai.ventures/events/echai-saas-social-in-ahmedabad-feb-07-2024

Conversations with startup founders can be so jam-packed with energy, insights, and ideas! And these are even richer in a casual setting, like at today's Social event by eChai Ventures.

It was a pleasure getting to know you,

Janvi Tiwari

  and

Srijan Sharma

  ! Your energy and mission are very inspiring - all the best for the road ahead. 😊

Notes from Startup Exits and M&A Forum

It’s important for both the companies - the company being acquired and the acquirer - to evaluate not just products, services and financials but also whether there is culture fit between the leadership and the team at large.

⁠Due Diligence can bring to light compliance issues as well some times and it is ok. As long as it does not show gross negligence or mis-representation in data, Due Diligence typically goes through.

Diligence at the time of acquisition and diligence at the time of fund-raising are quite different. At the time of acquisition, it is much more focused on team, technology, GTM channels and financials while diligence at the time of fund raising is mostly legal and financial with some attention to other aspects.

It’s difficult for startups to plan for an exit. The plan should be created to become valuable for customers - everything else typically follows.

I am thrilled to announce the launch of FoodGPT, a revolutionary tool in the Consumer Packaged Goods (CPG) industry, designed to provide powerful and unparalleled consumer insights. 🎉

"Unlocking Consumer Insights: FoodGPT" 💡

As a leading AI startup in the CPG industry, we understand the challenges of staying ahead in the competitive landscape. That's why we are proud to present FoodGPT, a specialized vertical tool that goes beyond the capabilities of general-purpose models like OpenAI's GPT-4 and Google's LaMDA, providing CPG brands with deeper and more accurate consumer insights.

🔍 How is FoodGPT Different? 🔍

📈 Unrivaled Volume & Variety: FoodGPT has been trained on an extensive dataset of over 61 Billion data points across 24 geographies in 17 languages, making it incredibly accurate in understanding global consumer preferences, habits, and desires. With this enhanced precision, businesses can make well-informed decisions and create products that resonate with their target audience.

💡 Solves Hallucination: For the same question, FoodGPT answers quantitatively with exact consumer drivers along with percentages and data points and provides reference links compared to generalized models that answer more qualitatively with no to very less quantitative information.

💬 Granularity: Generalised models create a very high-level concept since they've been trained on Wikipedia, articles, and books. FoodGPT, on the other hand, is trained on a domain knowledge base that allows the granular level answers to the F & B related questions and text generations.

🚀 Embrace the Future of Consumer Insights with FoodGPT! 🚀

At FoodGPT, we believe that understanding consumers is the key to building successful and sustainable brands. With our state-of-the-art tool, we are empowering businesses to make data-driven decisions, achieve innovation, and foster meaningful connections with their customers.

👉 If you want to gain a competitive edge and be at the forefront of consumer trends, reach out to us at [email protected] to witness the future of consumer insights!

I'm incredibly excited to announce the AICamp!  (https://x.com/shreya_gr/status/1753045008507355374?s=20)

Special Thanks to

Mehul Fanawala

  and

Dhaval Nagar

  for being early adopters and helping us in shaping the platform 🙏

AICamp allows your entire team to work together in a shared and collaborative workspace, utilizing all premium AI models(GPT3/4, Claude and many other ). Empower your entire organization with role-based access and detailed AI usage analytics.

Key features:

* Multiple LLMs in Single Interface
* Bring your own API key for any LLMs (Pay as you go!)
* Unlimited Chat History
* Share Chat/Prompt with Team Members
* Single API for entire organization / Easy to manage and light on pocket!

Currently it's for individual use and team version will be release on 10th feb.

Where I am seeking help:

* Feedback and improvement idea from folks who use AI in their day to day life.
* Any team specific feature that you might think to must have.

Where I can help you:

* Building products
* GTM
* Opensource growth

PS: please connect your paid openAI keys to see how it works (aicamp.so)

 

Things to keep in mind during fundraising for early stage founders.

1. It is crucial to meticulously select a list of venture capitalists whose interests align with those of your company. This strategic alignment ensures that both parties are working towards common goals, thereby fostering a more fruitful and synergistic partnership.

2. View funding primarily as a catalyst for growth. Often, funds raised merely for the purpose of survival can lead a company into a detrimental cycle. Instead, focus on utilizing capital to accelerate development and expansion, thereby enhancing the company's long-term viability and success.

3. Be aware that certain aspects of your business may raise concerns or 'red flags' from an investor's perspective. It is imperative to continuously strengthen the 'green flags' or positive aspects of your venture. By reinforcing these strengths, you can effectively mitigate the impact of any potential red flags and present your business in a more favourable light to potential investors.

Things to keep in mind during fundraising for early stage founders.

There are no permanent ‘No’s. When an investor passed on your deal, ask for permission to keep them updated every quarter and then enrol them into a list to which you send out a quarterly update across your product, team and growth. You never know when interest in your startup might peak.

Fundraising is a full-time activity for 1 founder. Pitch to as many people as you can. Pitch, Ask for feedback, improve, repeat.

At early stages, valuation is more of an art than a science. Ultimately, when you are at the negotiating table - everything falls back to how desperate you are to raise and how convinced they are to invest in you.

Things to keep in mind during fundraising for early stage founders.

1) It is very important to know/understand when is the right time to raise funds. Don’t raise at the last minute else you won’t have any leverage.  Also consider there may be multiple ways to increase your company’s cash including debt options 

2) In the struggle between balancing funds and growing customers,  try to focus on growing customers using any means necessary.  Remember if there is growth, funds will follow. 

3) During the process of raising funds, anything could go wrong. Don’t rest just because you have a signed term sheet. It’s never over until the funds are in your bank account. 

4) Having some kind of leverage is the most important thing while raising funds.  

You can have leverage if,

a) your growth is strong 
b) multiple VCs are interested in putting money creating competitive situations 
c) founders have a history of building successful companies before

🚀 Exciting News! 🚀

After pouring heart and soul into this, I'm thrilled to share Asnap, my latest venture in the world of #MicroSaaS

Much like Thanos' iconic finger snap transformed the Marvel universe, Asnap is poised to shake up how Saas companies approach support documentation.

Why take on this challenge? 👀

Having personally felt the pains of manual content creation and relying on outdated tools in past roles, I knew there had to be a better way🤔

Existing tools like Scribe & Tango missed the mark, not tailored for SaaS companies.

Spotting this gap in the market, I decided to take the reins 😇

Leveraging my experience launching Clipboard Archive, I set out to create a solution for those, like me, seeking efficiency in crafting product guides🚀

To ensure Asnap met real user needs, I engaged with over 50 Technical Content Writers, Product Managers, and Marketers, digging deep into their pain points. 

This wasn't just about building a product; it was about crafting a comprehensive solution 🤩

Excitingly, Asnap is now available in Alpha, ready to be put through its paces by real customers for testing and feedback.
 
If you've ever grappled with creating guides in a market where existing solutions fall short, Asnap is here to bridge the gap. 

Let me show you how Asnap can transform your approach to support documentation. 🚀

Had an amazing time at @WestbridgeCap B2B SaaS dinner event.

Met so many founders building in India 🇮🇳 for the world 🌍 and pretty convinced on “long India” for the next decade, at least.

Heading to Dubai! 🌍✈️

All set for SaaSBoomi Qafila ‘24 -  a three-day exclusive initiative aimed at building an India-Middle East SaaS corridor.

At TechBridge Nation'24, we’re thrilled to showcase how Plutomen can be your strategic partner in XR-powered workforce transformation. The GCC market presents immense potential, and we’re eager to share insights on how Plutomen can contribute to the tech landscape in this region.

Join us from Jan 28th to Feb 6th in Dubai 📅!! Looking forward to connecting with industry leaders, innovators, and fellow enthusiasts. 🤝

 Hello Ahmedabad SaaS heads! 🙏

Save the date - January 25, 2024 - for the SaaSBoomi Social! No agenda, just free-flowing conversations, laughter, and loads of fun! Connect and build relationships within the dynamic Ahmedabad SaaS community. Mark your calendars, gather your friends, and get ready to soak in the SaaS vibes.

RSVP now: https://forms.gle/1FvZ4i6HcWh2tiYMA 🥂