Madhu Konety

From our PearX S25 cohort, meet Pravāh, the AI-native operating system for the electric grid When Mohak Mangal, Dhruv Suri, and Aman Gupta looked at the strain on the U.S. electric grid, they saw a system pushed to its limits. Exploding demand and unpredictable supply have made blackouts increasingly common. This costs the economy more than $150B a year, a number that could 10x in the next five years. Mohak Mangal and team founded Pravāh to help fix it. Their platform helps utilities and grid operators make real-time decisions on load, generation, and congestion, reducing blackout risks, optimizing power procurement, and bringing much-needed stability to the backbone of modern life. We’re proud to support the Pravāh team as they take on one of the toughest and most important infrastructure challenges of our time.

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On February 18, during India's AI Impact Summit, a company called Sarvam shipped a 105-billion-parameter model trained from scratch in India on government-subsidized GPUs, designed for 22 Indian languages. It outperforms DeepSeek-R1 on certain benchmarks at one-sixth the size. The same summit produced $200 billion in investment pledges from Amazon, Microsoft, Google, and Reliance. The headlines were about the money. The real story was Sarvam. This post examines in detail why it took this long, what changed, and whether Sarvam is the first crack in an old equilibrium or a lonely exception. "Indians Rule Big Tech. Why Can’t India Build?": Link in comments.

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Happy new year! with our Investment no: 12💪🎉🎉👏👏 AI chips today do not fail because of lack of compute. They fail because they cannot breathe. Delighted to share that we have invested in Sidix, a fabless semiconductor startup building chip scale fully silicon cooling solutions, based out of Odisha. As power density on chips has gone vertical, cooling has quietly become the limiting factor. Compute can scale. Transistors can scale. But heat removal has not kept pace. Sidix is attacking this problem at the chip surface itself using a beautifully engineered silicon native MEMS approach to solid state cooling. This is first principles engineering at work. Micromachined silicon actuators that enable airflow generation and heat removal exactly where it matters. The result is meaningfully higher output per unit area, better efficiency, and the ability to run advanced CPUs GPUs memories and transceivers at lower temperatures with higher reliability. This is not just a better thermal solution. It has direct P & L impact across data centres and electronics systems globally. We love Sidix for how we like to invest a99 VC . Deep manufacturing led innovation. Serious MEMS pedigree. Global relevance from day one. And a team that understands both physics and markets. Excited to partner with Arun Rambhatla , Siavash Pourkamali , and the Sidix team as they help the industrial century run a little cooler. This also marks our third investment from the rapidly emerging Odisha manufacturing and deep tech ecosystem. The map is widening and the depth is getting real. Thanks to the boss Asha Venugopal and the boss’s lady Varsha Shivaraj for getting this deal done despite the bumps! Let the cool waves begin!

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FUNDED: PowerUp Money raises $12M Series A led by Peak XV Partners, with participation from existing investors Accel, Blume Ventures, Kae Capital, 8i Ventures, and DeVC.

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This article, co-authored by Vardaan Ahluwalia and me lays out India's significant new Research Development and Innovation Fund initiative in the context of other successful interventions: when governments and the private sector work together, they can make a transformative difference to deep technology entrepreneurship. Equally, initiatives to help manage financial risk should be followed by structural reforms in areas ranging from intellectual property regulation, ease of clearances for start-ups, tax rationalization in capital gains and options that helps start-ups attract talent, and a visa regime that attracts leading global researchers. https://lnkd.in/gk92YSZa

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India has abundant expertise across every domain - logistics operators, subject matter experts, local service providers, etc. What's scarce isn't capability. It's the systems that coordinate this capability at scale. Most companies see this fragmentation and default to vertical integration: build everything in-house, own all capabilities, control every aspect of delivery. This works if you have unlimited capital and time. Most companies have neither. But there's an alternative approach that we've noticed two of our portcos execute remarkably well, in completely different industries - 1. When Meesho looked at India's logistics, and they saw thousands of fragmented local operators. Instead of building warehouses and delivery fleets, they built Valmo - an orchestration platform coordinating existing partners. Individual pilots with smartphones earn sustainable incomes, small hub operators build viable businesses, and Meesho gets coverage across 15,000+ pin codes at 12% lower cost than traditional third-party-logistics. 2. Entri saw similar fragmentation in education. India has abundant teaching expertise already running offline/online programs. Entri partners with them for content while owning demand generation, platform infra, quality monitoring, and placements. This allows them to launch new categories in weeks and scale across languages without the capital intensity of building in-house teams for every vertical. If I had to pull a common thread, it's that in fragmented markets like India, the orchestration layer often matters more than asset ownership. Coordinate what exists rather than rebuilding from scratch.

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🚨 RBI’s New Co-Lending Directions, 2025 – Effective Jan 1, 2026 The Reserve Bank of India (RBI) has issued new Co-Lending Arrangements Directions, 2025, which will come into effect on January 1, 2026. These guidelines will likely broaden the scope of co-lending 1️⃣ Mandatory Skin in the Game – Each Regulated Entity (RE) must retain minimum 10% of every loan (no shadow partnerships) 2️⃣ Blended Interest Rate – Final rate to borrower = weighted average of each lender’s rate. All fees to be factored into APR & Key Facts Statement 3️⃣ 15-Day Transfer Rule – Partner RE must book its share within 15 days of disbursement. Else, loan stays with originator 4️⃣ Default Loss Guarantee Cap – Max 5% of outstanding loans allowed 5️⃣ Borrower-Level Asset Classification – If one lender marks SMA/NPA, the other must follow 6️⃣ Escrow Account Mandate – All transactions to flow through an escrow, ensuring clear fund appropriation 7️⃣ Full Disclosure – Public list of co-lending partners + detailed reporting in financials Bottom line: Clearer rules, stronger consumer protection, tighter operational discipline >> co-lending just got a lot more transparent. #RBI #CoLending #NBFC #Fintech #Credit https://lnkd.in/gKxrz_hC

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