SUMMARY
Inc42’s The GenAI Summit 2024 brought together over 350 of India’s smartest minds from the technology, startup and business arena in Bengaluru
Lightspeed India partner Hemant Mohapatra, PhonePe cofounder and CTO Rahul Chari, Microsoft India and South Asia CTO Dr Rohini Srivathsa, and BetterPlace cofounder and group CEO Pravin Agarwala were among the prominent speakers at the event
Topics such as AI’s role in shaping India’s techade, cost-effective AI strategies, regulations, and AI’s impact on workforce were discussed in detail at the invite-only event
Inc42 hosted The GenAI Summit 2024 on April 4 at JW Marriott in Bengaluru to decode the potential of GenAI for the Indian startup economy. The exclusive invite-only event brought together over 350 of India’s smartest minds from the technology, startup and business arena.
The summit featured 40+ speakers and 15+ sessions. The summit was part of Inc42’s pursuit to discover the sectors where AI is having the biggest impact, gain insight into the latest tools and models, and connect leaders redefining industries, business efficiency and innovation with each other.
Topics such as AI’s role in shaping India’s techade, cost-effective AI strategies, regulations, and AI’s impact on workforce were discussed in detail. The attendees also got an opportunity to network exclusively with industry stalwarts.
Keynote speeches, interactive panel discussions and startup showcase (where four GenAI startups received an opportunity to showcase their offerings to a discerning audience) enthralled the attendees. Lightspeed India partner Hemant Mohapatra, PhonePe cofounder and CTO Rahul Chari, Microsoft India and South Asia CTO Dr Rohini Srivathsa, and BetterPlace cofounder and group CEO Pravin Agarwala were among the prominent speakers at the event.
None of this would have been possible without the support of our enablers and supporters. We would like to take a moment to thank them.
Presenting Partner
Microsoft 
Microsoft enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organisation on the planet to achieve more. Microsoft set up its India operations in 1990. In India, it offers its global cloud services from local data centres to accelerate digital transformation across Indian startups, businesses, and government agencies.
In a fireside conversation with Inc42 cofounder Vaibhav Vardhan, Srivathsa and Microsoft India executive director, digital natives Sangeeta Bavi discussed how AI will shape India’s techade.
Microsoft India general counsel Jyoti Pawar was part of a panel discussion on the blueprint for responsible AI. MakeMyTrip’s Sanjay Mohan, LimeChat’s Nikhil Gupta, and Darwinbox’s Kalpana Bansal were the other speakers on the panel.
A panel discussion on the topic, Copilots: Reimagining Productivity With GenAI, featured Microsoft India’s GenAI director and country head Ranjani Mani, Writesonic’s Samanyou Garg, Nobroker.com’s Zaher Abdul Azeez, and PhysicsWallah’s Sandeep Verma.
Copresented By
InVideo
Founded in 2017 by Anshul Khandelwal, Harsh Vakharia, Pankit Chheda and Sanket Shah, InVideo lets its users create videos with text prompts. Once a topic is entered, it generates a script, creates scenes, adds voiceovers and tweaks the video at the user’s command. It claims to have 7 Mn customers in 190 countries.
During the summit, Khandelwal participated in a panel discussion on the new marketing paradigms in a GenAI world. QX Lab AI cofounder and CEO Tilakraj Parmar, Mobavenue cofounder and CEO Ishank Joshi, and Bobble AI founder and CEO Ankit Prasad were the other speakers on the panel. Vardhan moderated the discussion.
QX Lab AI
Founded in 2018 by Tilakraj Parmar, Arjun Prasad and Tathagat Prakash, QX Lab AI is transforming business operations and facilitating smarter decision-making through personalised, innovative, and secure AI. Its offerings enable business process automation, predictive analytics and decision-making, natural language processing (NLP), text analytics and more. It claims to have 15 Mn+ users.
Parmar spoke on the topic, Humans + GenAI: A Match For The 21st Century, during a knowledge session. QX Lab AI advisor and board member Uche Orji delivered a keynote address on ‘AI From The Global Institutional Investor Lens’.
Powered By
Venture Catalysts++
Founded in 2016 by Dr Apoorva Ranjan Sharma, Anil Jain, Anuj Gulecha and Gaurav Jain, Venture Catalysts++ (VCats++) is a sector-agnostic, multi-stage VC firm based in Mumbai. The firm has a global presence across 50+ cities in countries like India, the US, the UK, Thailand, Canada, and Singapore.
VCats claims to have syndicated $700 Mn across 350+ portfolio startups, which have achieved a combined valuation of over $10 Bn. Besides investment, it offers mentorship, industry connections and sector-specific expertise to make its portfolio startups ready for the global markets. In India, VCats counts startups like Beardo, BharatPe, ClanConnect and Dukaan as its portfolio startups.
Google Cloud
Google Cloud is a suite of computing services that allows enterprises to store and compute data and helps them develop applications on Google hardware. The software giant has always been at the forefront of technology and innovation. It has over 3 Bn active users from across the globe.
Google Cloud’s cloud engineer Nitin Dhir delivered a knowledge session on building GenAI systems for scale.
Mobavenue
Founded by Tejas Rathod, Kunal Kothari, and Joshi in 2017, Mobavenue is a growth and tech platform dedicated to empowering brands, agencies, and publishers with MadTech (martech and adtech) solutions to drive acquisition, growth, engagement, and monetisation. Its product suites are purpose-built to drive brand performance.
MongoDB
Founded in 2007 by Dwight Merriman, Eliot Horowitz and Kevin Ryan, MongoDB Atlas unifies operational, analytical, and generative AI data services to streamline building AI-enriched applications. Through Atlas, vector representations of the data can be used to perform semantic search, build recommendation engines, design Q&A systems, detect anomalies, or provide context for GenAI apps.
At the summit, MongoDB regional vice president Vivek Ganesh delivered a knowledge session on the topic, Getting On The GenAI Fast Track: Eliminating Complexities, Data Barriers.
Associate Partner
Peak XV Partners
Peak XV Partners (earlier known as Sequoia Capital India and SEA) is a global venture capital and growth investing firm, which has been actively investing in India, South East Asia and beyond for the last 17 years.
Peak XV manages over $9 Bn in capital across 13 funds, with investments in over 400 companies in various regions. Among these companies, as many as 40 startups have achieved revenues exceeding $100 Mn. In India, Peak XV stands as one of the leading VC firms, boasting an exceptional portfolio of 33 unicorns, which includes well-known names such as Ola and Zomato.
In addition to investing in startups, the VC firm provides founders with expertise and assistance through various cohort and community-based programmes such as Surge, Spark, Pathfinders, Pitstop, Build, and The Guild.
