Ashlee Vance: A New Hard-Tech India Is Rising in Hoskore, Backed by Lachy Groom and Shruti Rajagopalan
kyliebytes · x · 2026-10-22
Ashlee Vance reports that India's core tech industry—outsourcing, services, customer support—is under existential threat from AI agents, driving a sharp decline in Indian tech stocks. The country's hopes now rest on a new generation of hardware startups like Ather, Airbound, Alteon and Aspera Industries, clustered in Bengaluru's industrial Hoskote area, dubbed an Indian El Segundo.
Per the article, nearly all are backed by early money from ex-Stripe investor Lachy Groom—who reportedly has never visited India—or grants from Emergent Ventures' Shruti Rajagopalan, known for 15-minute WhatsApp calls and small checks.
Related event: Ashlee Vance: AI Agents Hit India's Outsourcing, Hard-Tech Startups Rise(2 posts)→
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