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Former BharatPe CPO Ankur Jain to launch new startup Jivi.ai

EntrackrEntrackr · 1y ago
Former BharatPe CPO Ankur Jain to launch new startup Jivi.ai
Medial

Ankur Jain, the former chief product officer of fintech company BharatPe, is set to launch his new startup in the field of AI healthcare, sources aware of the development told Entrackr. “Ankur Jain’s Jivi.ai is expected to go live with its public launch this month,” said one of the sources requesting anonymity. “The founding team consists of professionals and research scholars from Stanford, MIT, Harvard, and Yale.” Jain left BharatPe in July last year after serving more than three years at the company where he was responsible for the complete product life cycle and innovation. Entrackr had exclusively reported the development. Jivi.ai will be the second startup for Jain who also co-founded travel tech startup Instalocate. “Jivi.ai is leveraging artificial intelligence, digital health, large language models, machine learning, and generative AI to transform primary healthcare,” said another source. As per sources, version one of Jivi.ai is anticipated to launch in India and the US. “It has partnered with over 100 doctors, physicians, and hospitals in India in the last 3 months,” sources added. Sources further said that Jivi.ai has also closed initial seed funding and is in discussions to close the next round soon. Queries sent to Jain did not elicit any response. We’ll update the post in case he responds. Growing BharatPe mafia After, Flipkart, Paytm, PayPal and others, now there’s a growing BharatPe mafia. Genwise was launched by former BharatPe’s executives Rajat Jain, Geetanshu Singla and Nehul Malhotra, raised money in April last year. Entrackr exclusively reported the development. Third Unicorn, floated by former BharatPe co-founder and MD Ashneer Grover and his wife Madhuri Jain, launched fantasy sports platform CrickPe. Third Unicorn is also on the verge of launching another fintech startup ZeroPe. Bhavik Koladiya, another co-founder of the company, joined SaaS startup OTPless as CEO. Suhail Sameer, who served as CEO of BharatPe, is handling venture capital firm OTP Venture as managing partner.

Rahul Chaudhary quits Matrix Partners; to start his new venture

EntrackrEntrackr · 1y ago
Rahul Chaudhary quits Matrix Partners; to start his new venture
Medial

Rahul Chaudhary, who joined venture capital fund Matrix Partners India in February last year, has quit the firm to start his new venture, according to sources aware of the development. Chaudhary left the firm in January this year. As per sources, Chaudhary is planning to launch his new venture soon. Before joining Matrix, Chaudhary spent nearly seven years at Treebo as the co-founder and currently serves as board member of the hotel aggregating platform. Sidharth Gupta and Kadam Jeet Jain are the other two co-founders of the Bengaluru-based company. It’s worth noting that Matrix is an early investor in Treebo. During Chaudhary’s tenure at Matrix Partners India, the had launched a fund worth $450 million and later extended the target size for the fund to $525 million. Since then, the fund has backed more than dozen startups including Neysa, InPrime, Krutrim SI Designs, Aampe, Atomic Work, Wootz.work, Stable Money, and Scapia, among others. Further details about Chaudhary’s new venture couldn’t be ascertained. Queries sent to him did not elicit any response until publication of the story. Chaudhary will join several VCs who have quit their post in 2024 to start a new venture. In March, Nexus Venture Partners’s managing director Sameer Brij Verma left the firm to launch a multi stage fund while Peak XV’s Piyush Gupta stepped down in April to start his own VC firm. In the same month, Lightspeed’s partners Vaibhav Agrawal and Abhishek Nag put in their papers. While Agrawal is launching his own venture firm, Nag joined Mumbai-based 360 One to lead early-stage investments. Most recently, Anand Chandrasekaran left US-based VC firm General Catalysts to focus on his AI startup Crescendo.

Exclusive: BharatPe’s CMO Parth Joshi quits to start his own venture

EntrackrEntrackr · 5m ago
Exclusive: BharatPe’s CMO Parth Joshi quits to start his own venture
Medial

BharatPe’s Chief Marketing Officer, Parth Joshi, has resigned to launch his own venture, according to sources familiar with the matter. Joshi joins a growing list of BharatPe executives who have departed in recent years to explore entrepreneurial opportunities. Joshi was appointed as BharatPe's CMO in June 2021. Before joining the fintech unicorn, he served as Head of Marketing at Reckitt for over five years. In the past, he also spent three years each at GSK and L’Oréal. As per sources, Joshi is on notice period. Confirming the development to Entrackr, a BharatPe Spokesperson said, "Parth Joshi has decided to embark on his entrepreneurial journey, and we respect his decision. At BharatPe, we take pride in fostering a culture that nurtures innovation, leadership, and entrepreneurship. We are always supportive of individuals who aspire to create meaningful impact, and we wish Parth the very best in his new endeavor." The development follows the recent exits of BharatPe’s Chief Human Resources Officer (CHRO), Smriti Handa, and Chief Data Scientist, Ritesh Mohan Srivastava. Handa is set to pursue career opportunities abroad, while Srivastava has chosen to focus on his entrepreneurial ambitions.

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