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How MapmyIndia Backed KOGO AI is Helping Enterprises Build Custom AI Agents

Inc42Inc42 · 1y ago
How MapmyIndia Backed KOGO AI is Helping Enterprises Build Custom AI Agents
Medial

Indian startups are experiencing a surge in investor interest due to the rise of AI-based products. KOGO OS, a low-code platform, allows companies in various industries to build their own AI agents. Using narrative intelligence, KOGO's AI stack creates travel stories for rider communities, enhancing travel discovery and experiences. KOGO OS, built on the AgentGraph technology, can solve problems efficiently without human intervention and interact with humans through various mediums. KOGO AI has generated substantial revenue, with expectations to generate more through KOGO OS. Additionally, Indian tech giants like TCS and Wipro are also adopting GenAI-based agents for improved employee experiences and CRM.

Accounting and tax management platform Febi.ai raises $2 Mn

EntrackrEntrackr · 9m ago
Accounting and tax management platform Febi.ai raises $2 Mn
Medial

Accounting and tax management platform Febi.ai has raised $2 million in a pre-Series A funding round co-led by Lumis Partners, Virender Rana, Lenskart co-founder Amit Chaudhary, Padmaja Ruparel, Cashkaro co-founder Rohan Bhargava, Rajat Jain, and other investors. The proceeds will be utilized to further advance its artificial intelligence capabilities to automate accounting and tax compliance processes, ramp up customer acquisition, and expand its workforce, Febi.ai said in a press release. Co-founded in 2022 by Amit Jindal, Saurabh Jain, Ashu Goel, and Rahul Bansal, Febi.ai leverages AI technology to eliminate the hassles of manual data entry and errors in accounting and invoice verification. The platform automates documentation management and tax compliance while providing founders and entrepreneurs with real-time business insights to make informed decisions with greater confidence. The Gurugram-based company aims to solve real-time problems faced by teams and end users of existing accounting and tax compliance platforms. The platform claims to have been built by the chartered accountant community and will empower entrepreneurs and the CA community with real-time insights and effective ways to manage accounting and tax compliance functions. Febi uses a cutting-edge AI/ML platform, coupled with a team of seasoned domain experts, including CAs and personal accountants, to ensure seamless management of all accounting, tax compliance, and finance operations in real-time. It also leverages a dedicated personal accountant for strategic financial guidance and support.

Semiconductor startup Calligo Technologies bags $1.1 Mn in pre-Series A

EntrackrEntrackr · 3m ago
Semiconductor startup Calligo Technologies bags $1.1 Mn in pre-Series A
Medial

Semiconductor startup Calligo Technologies has raised $1.1 million in a pre-Series A round co-led by Seafund and Artha Venture Fund. The Bengaluru-based company had previously raised $1.57 million from KITVEN and others. The proceeds will be used for R&D expenses to develop the ver 2.0 silicon chip and platform, as well as to increase its engineering talent and tech capabilities, Calligo said in a press release. Co-founded in 2012 by Anantha Kinnal, Rajaraman Subramanian, and Vinay N. Hebbali, Calligo Technologies focuses on developing products and solutions for HPC, Big Data, and AI workloads. The company aims to solve performance bottlenecks in computing required for large-scale modeling and simulations in HPC systems, as well as large-model training and inference in AI systems. CalligoTech says that it has modified RISC-V C/C++/gFortran/Python compilers, frameworks, and libraries to support Posits and generate Posit-enabled executables natively. Its approach requires no source-level modifications to run HPC/AI applications. According to market research, India’s semiconductor market was valued at $6.67 billion in 2024 and is expected to reach $14.09 billion by 2032, growing at a CAGR of 10.1% during the forecast period (2024–2032). In the last 12 months, CalligoTech claims it has collaborated with U.S. universities, national laboratories, and supercomputing centers to improve access to tech talent and soft-launch its operations in the U.S. The company has also built an accelerator board, received First Pass Silicon Ver 1.0, and started shipping to customers.

Meet Beyoung, Udaipur-based D2C fashion brand that’s eyeing Rs 650 Cr GMV

EntrackrEntrackr · 1y ago
Meet Beyoung, Udaipur-based D2C fashion brand that’s eyeing Rs 650 Cr GMV
Medial

Independent fashion brands have come a long way in recent years. While the offline segment is still dominated by legacy players and franchises, the rise of social media and e-commerce has facilitated the growth of quite a few D2C brands. Moreover, the over $14 billion Indian e-commerce fashion market has helped brands like Bewakoof, Rare Rabbit, and The Pant Project to gain traction. One of the popular names in this space remains Beyoung. Founded in 2018, the startup claims to have delivered over 20 lakh online orders. The company recently announced accelerating its offline expansion by 300 stores across India and growing GMV two-fold to Rs 650 crore by 2027 We spoke to the company founder Shivam Soni to learn more about Beyoung, its history, growth, and lots more. Here are the edited excerpts: How did you come up with the idea of Beyoung? We always wanted to enter the essentials market, and the idea to start Beyoung was initiated with this thought. At one point, we recognized a significant gap in the market for aspirational yet affordable fashion options in tier 2, 3, and 4 cities across India, which we refer to as the ‘Real Bharat.’ While many brands were focusing on niche segments, we aimed to serve the mass market. We chose to focus on Kapda from the essentials ROTI, KAPDA, MAKAN (clothing), offering branded products to consumers in these underserved regions, providing both aspirational choices and value for money. What are the key challenges in the industry that still need to be addressed? And how do you plan to address them? Catering to diverse target audiences with varying buying power across regions is challenging. It’s crucial to adapt products and marketing to different regional preferences and cultures, as what works in North India might not work in South India. Managing an efficient supply chain and ensuring timely delivery adds to the complexity. Additionally, attracting and retaining skilled talent in a Tier 3 city like Udaipur is difficult. To solve these problems, we have leveraged technology and data-driven marketing campaigns. We analyze behavioral patterns and channel our efforts toward solving our audience’s pain points. While staying headquartered in Udaipur posed some challenges, it has also helped us address the challenges of tier 2, 3, and 4 cities in understanding their pain points and solving their problems How has your startup performed since its inception? Since its inception, Beyoung has shown significant growth and achieved notable milestones. Some key performance statistics highlight our progress: we have successfully built a robust customer base of 5 million, underscoring the strong demand and engagement with our brand. This growth reflects our ability to connect effectively with our target audience. Recognizing the potential and spending power in the men’s fashion segment, we have strategically made it our primary focus. This decision has paid off, as 90% of our revenue comes from male customers. In the last financial year of 2023, we achieved an impressive annual recurring revenue (ARR) of 200 million. This reflects our ongoing efforts to expand our market reach, enhance our product offerings, and improve customer engagement. What are your short-term and long-term product and business expansion and diversification goals? Our short-term and long-term goals for product and business expansion and diversification are driven by the evolving ways users interact with brands and the significant growth potential within the Indian fashion industry, projected to reach 289.6 million users by 2029. We aim to be the top choice for customers by offering trendy styles and great value for money. Our focus will be on efficiently engaging with and serving the mass market, both domestically and internationally, to become a part of their everyday wardrobe. Over the next three years, we plan to expand our presence by establishing physical stores in various neighborhoods across India. This will complement our existing online platform and provide a seamless shopping experience. Our long-term vision is to extend our reach beyond India and establish a global presence. We aspire to make Beyoung a recognizable and trusted brand worldwide, serving customers across different countries.

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