South Park Commons, a technical community and early-stage venture fund, has opened its first international location in Bengaluru, in collaboration with Flipkart Co-Founder Binny Bansal. The community has existing locations in San Francisco and New York City.
"SPC India will provide a supportive environment for India's most talented founders, technologists, and researchers to navigate the -1 to 0 stage of their careers—the stage when their primary task is figuring out what to work on next," it said in a statement.
South Park Commons, named after a neighbourhood in San Francisco, was founded in 2015 by Ruchi Sanghvi, the first female engineer at Facebook. Aditya Agarwal, former CTO of Dropbox, later joined Sanghvi with the founding of the SPC Fund in 2018.
"You can feel the tailwinds here. The Indian startup ecosystem has matured to the point that it can sustain the incredible talent density that makes SPC work. Founders don't have to move to the US to build world-class, category-creating companies," said Agarwal.
SPC said Bengaluru has all the ingredients to become the next leading technology hub. "SPC supports founders when they are most vulnerable, when they take the plunge to start a company. We are excited to bring together the most talented technical founders in Bengaluru and help them find their life's work,” said Sanghvi.
SPC-India will build on the community's reputation as a top destination for early-stage AI researchers and founders. "The earliest members of SPC included future founders from companies like Anthropic and Imbue, as well as early engineers from OpenAI. SPC aims to replicate this emphasis in India," it said.
This project seems to be the next focus for Bansal, who quit Flipkart's board in January, after 16 years at the firm.
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