🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
Login

News on Medial

Related News

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.

BharatPe Vs Ashneer Grover: Ex-MD Seeks RBI Probe Into The Fintech Unicorn’s Shareholding

Inc42Inc42 · 1y ago
BharatPe Vs Ashneer Grover: Ex-MD Seeks RBI Probe Into The Fintech Unicorn’s Shareholding
Medial

Former BharatPe MD and co-founder, Ashneer Grover, has written a letter to the Reserve Bank of India (RBI) requesting an investigation into the shareholding of the fintech unicorn. Grover has accused BharatPe of deliberately "defrauding" the RBI by bringing back Bhavik Koladiya to the company's cap table after securing licences. Grover has demanded that all of BharatPe's licenses be revoked if the company is found guilty, and he also calls for penalties and blacklisting of the venture firms associated with the startup. Additionally, Grover alleges that BharatPe co-founder Shashvat Nakrani transferred shares to Koladiya for free. BharatPe has raised over $650 million in funding from investors such as Peak XV Partners, Ribbit Capital, and Steadview Capital.

Unleashing India’s Deeptech Potential: A Journey Towards Innovation

Inc42Inc42 · 1y ago
Unleashing India’s Deeptech Potential: A Journey Towards Innovation
Medial

The Indian government has approved an investment of INR 10,372 Cr over five years for the India AI Mission, with a strategic allocation of nearly INR 2,000 Cr specifically for deeptech startups. This marks a significant boost for the Indian startup ecosystem and highlights the government's commitment to fostering innovation in AI and deeptech. With over 3,000 deeptech startups in India, there is a promising landscape for investment. Technologies like AI and machine learning have the potential to revolutionize sectors such as healthcare, education, banking, and manufacturing. However, deeptech startups often face challenges in securing financial backing, making increased investment crucial for their success.

Download the medial app to read full posts, comements and news.