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GenAI, climate & fintech, hot bets for investors next year: Accel s Prakash

Generative artificial intelligence (AI), climate tech and fintech sectors will be the hot areas for venture capitalists and founders in the next year, according to the prediction by Prashanth Prakash, founding partner of the global venture capital firm Accel Partners in India and the chairperson of Karnataka Startup Vision Group. Prakash said that about $25 billion has been invested into building Gen AI globally. But a lot of that capital has not yet come to India, opening up huge opportunities for startups in the country.

Bangalore Tech Summit: Bangalore Tech Summit: Regulatory technology good opportunity for fintech startups, says Prashanth Prakash

There was a plethora of regulatory challenges in app interactions with insurance, banking and governmental agencies with fintech apps recording billion-scale transactions. This also threw enormous scope for constant innovations in fintech apps, he said, while speaking at the inaugural of the Bengaluru Tech Summit 2023.

manufacturing-focussed startups: Manufacturing-focussed startups got $8 billion in investments over 7 years: Prashanth Prakash

Startup Vision Group chairman Prashanth Prakash said Indian startups will be Karnatakas growth catalyst in the manufacturing space. Prakash is also a founding partner at venture capital firm Accel Partners

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