Harsh Jain and Aakrit Vaish Appointed as Co-Chairs of TEAM Governing Council

SUMMARY

The election of TEAM's governing council and the organization's ambitious goals mark a significant turning point for Mumbai's tech sector. With a collaborative approach and the backing of industry leaders, TEAM is well-positioned to propel Mumbai to the forefront of India's tech revolution and contribute meaningfully to the nation's $1 trillion tech ecosystem dream. By fostering innovation, attracting talent, and collaborating with the government, TEAM has the potential to unlock Mumbai's immense tech potential and write a new chapter in the city's illustrious history.

Mumbai's burgeoning technology scene is poised for a significant leap forward with the Tech Entrepreneurs Association of Mumbai (TEAM) taking center stage. This recently formed collective of leading tech companies has elected its inaugural governing council, with Dream Sports co-founder and CEO Harsh Jain and Haptik CEO Aakrit Vaish co-chairing the eight-member body.

Building a $1 Trillion Tech Ecosystem: TEAM's Vision

TEAM's mission is clear: to propel Mumbai to the forefront of India's tech revolution and contribute to Prime Minister Narendra Modi's vision of a $1 trillion Indian tech ecosystem. As Harsh Jain, co-chair of TEAM, emphasizes, "TEAM will play a key role" in this ambitious national goal. He highlights the organization's commitment to "working closely with the government and industry to keep growing Mumbai's tech ecosystem exponentially."

A Star-Studded Governing Council

The newly elected council boasts prominent figures from Mumbai's tech landscape. Alongside Jain and Vaish, the council comprises:

Vishal Gondal (GOQii)

Dhruvil Sanghvi (LogiNext)

Akanksha Hazari (LoveLocal)

Mayank Kumar (upGrad)

Naiyya Saggi (The Good Glamm Group)

Vivek Khemani (Quantiphi)

This diverse group brings a wealth of experience and expertise to the table, positioning TEAM to effectively navigate the challenges and opportunities Mumbai's tech sector faces.

Mumbai Tech Week: Showcasing the City's Potential

TEAM has already made a significant impact with its flagship event, the Mumbai Tech Week. This gathering of over 4,000 tech enthusiasts and industry leaders served as a platform to showcase Mumbai's burgeoning tech ecosystem. Notably, the event featured the unveiling of the 'Mumbai Megapolis Metaverse' by Maharashtra Deputy Chief Minister Devendra Fadnavis. This virtual representation of the city underscores the government's commitment to developing Mumbai's tech infrastructure and envisions the transformation of the Mumbai Metropolitan Region (MMR) by 2025.

Maharashtra's Tech Ambitions: Second Only to Karnataka

Mumbai's rise as a tech hub is part of a broader trend in Maharashtra. According to Tracxn data, Maharashtra's tech startup ecosystem has attracted a staggering $30 billion in funding up to February 2024, solidifying its position as the second-largest tech hub in India, trailing only Karnataka. While 2023 saw a dip in mega-funding rounds exceeding $100 million compared to 2022 (4 vs. 13), the overall funding picture remains robust.

From Grassroots to Global Recognition: TEAM's Two-Pronged Approach

TEAM's co-chair Aakrit Vaish outlines a two-pronged approach for the coming years. The initial focus was on "putting Mumbai tech on the map" by uniting the existing community of successful startups. Now, with a strong foundation laid, the emphasis shifts towards "grassroot development." TEAM aims to inspire and empower aspiring entrepreneurs and engineers across the city, making Mumbai a top destination for tech startups.