Flipkart co-founder Binny Bansal is preparing to launch an AI startup. His new company will offer AI talent, products and services all over the world. For this he has also formed a team of 15 people. The startup’s office will be in Bengaluru and headquarters in Singapore. However, according to Bloomberg, the focus of this new startup will be small cities. Unlike TCS and Infosys, his company will focus on smaller cities instead of tech hubs like Bengaluru and Hyderabad. His startup will offer talent training and services from small towns. Cost of living is quite low in these cities.
After selling Walmart, he started investing money in startup
Binny and Sachin Bansal together founded Flipkart. He sold his entire stake to Walmart and started investing in tech startups. He has invested in companies like PhonePe, CureFoods, Eko, Ather Energy, Yulu, RuPay and Unacademy.
Small town startups are doing wonders
There has been a lot of change in the country’s tech industry in recent times. Chennai-based software service company Zoho had conducted a similar experiment. He gave posting to his engineers in small cities. There are approximately 12 thousand employees in the company. The company follows the hub and spoke model for its offices. Hub offices can accommodate up to 1000 employees and spoke offices can handle only 100 employees. Zoho currently has five hubs and 30 spoke offices.
Employees working in Tier-2 and 3 cities get the benefit of cost of living and do not have to face problems like traffic. Besides, they also find it easier to maintain work life balance.
26 Tier-2 cities have become technology hubs
Bengaluru was the first tech hub of the country. After this this wave also reached Delhi-NCR, Hyderabad, Chennai, Kolkata, Mumbai and Pune. According to the latest report, 26 tier-2 cities are on the radar of tech companies in the future. The people working here remain associated with the company for a long time.
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