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Govt to come out with a legal framework to ensure data privacy: Piyush Goyal

YourStoryYourStory · 9m ago
Govt to come out with a legal framework to ensure data privacy: Piyush Goyal
Medial

India's Commerce and Industry Minister Piyush Goyal spoke at the UK-India Technology Futures Conference, emphasizing the need for a legal framework to ensure data privacy and promote free data flow. Goyal highlighted the potential for collaboration between India and the UK in various technology sectors, including AI, telemedicine, climate modeling, precision agriculture, and more. He also discussed the intersection of the digital world and sustainability issues, pointing out India's significant efforts to develop a large-scale interconnected grid with a mix of traditional and renewable energy sources. Goyal invited global investors to take advantage of India's unmatched opportunities in technology and innovation.

Entvin AI raises $500K from Y Combinator

EntrackrEntrackr · 5m ago
Entvin AI raises $500K from Y Combinator
Medial

Entvin AI raises $500K from Y Combinator Entvin AI, which offers AI solutions for the pharmaceutical and life sciences sectors, has officially launched out of beta and raised $500K in its maiden funding round from Y Combinator. The fresh funds will be used to expand its AI capabilities and accelerate customer acquisition among mid-to-large pharmaceutical companies globally, Entvin AI said in a press release. Co-founded in 2022 by Sanskar Jain, Hemant Phalak, and Rishabh Arya, Entvin aims to eliminate the hassles of the time-consuming, resource-intensive, and complex FDA drug approval process. The company has developed an AI platform to streamline these challenges. Entvin notes that the FDA drug approval process often takes years and costs millions; any inefficiency can significantly impact a company's bottom line and delay potentially life-saving treatments from reaching patients. The platform addresses this critical challenge head-on with a specialized AI solution designed for regulatory teams. Entvin's AI platform directly tackles this bottleneck by automating document drafting, compliance verification, and regulatory monitoring tasks. Its technical architecture leverages large language models specifically fine-tuned for regulatory documentation and FDA compliance requirements. Early users report significant efficiency gains, with some teams reclaiming hundreds of hours previously spent on manual regulatory work. The platform actively identifies compliance gaps, automates repetitive documentation tasks, and provides regulatory teams with actionable insights in real time. This enables life sciences companies to navigate the approval process with unprecedented efficiency while maintaining trust, reliability, and seamless integration. Entvin reports early success with enterprise pilot customers, demonstrating that its AI solution can save hundreds of hours for regulatory and scientific teams while improving compliance accuracy—an essential factor in an industry where regulatory missteps can cost millions.

Unicorn India Ventures leads $2 Mn round in PeLocal

EntrackrEntrackr · 9m ago
Unicorn India Ventures leads $2 Mn round in PeLocal
Medial

Fintech startup PeLocal has raised $2 million in a seed funding round led by Unicorn India Ventures. The Chennai-based company had previously raised $1.06 million in the same round from Future Monk Investments and others. The proceeds will be used to expand and enhance the platform and also help accelerate go-to-market strategies for rolling out large-scale projects, PeLocal said in a press release. Launched in 2021 by Vivekanand Tripathi, PeLocal is a payment solutions provider within WhatsApp, advancing digital transactions for clients like Delhi Metro, Indraprastha Gas, Mahanagar Gas, and insurance providers. The platform specializes in transit ticketing, utility payments, and financial services, delivering secure solutions across government and private sectors. It aims to empower secure and end-to-end solutions leveraging cutting-edge communication channels. PeLocal aspires to leverage technologies like WhatsApp for seamless, secure, and customer-centric transactions. It also bridges the gap between merchants and consumers, envisioning the idea of being ‘Vocal for Local.’ The company plans to go aggressively on payments in WhatsApp and further strengthen its leadership position in the payments solutions market. In the last 12 months, PeLocal claims to have grown from 500K monthly payment transactions to 3 million monthly payment transactions. The company aims to touch 10 million monthly payment transactions on WhatsApp in the next 12 months. It is planning to launch a Marketing Catalog on WhatsApp with payments and an SMB payments platform on WhatsApp. It competes with other players in the space like Yellow.ai, Gupshup, and others.

How GrowthJockey addresses venture incubation challenges for enterprises

EntrackrEntrackr · 1y ago
How GrowthJockey addresses venture incubation challenges for enterprises
Medial

Large enterprises encounter numerous challenges hindering their growth, especially in the segment of venture incubation. Navigating digital transformation remains complex, compounded by the need to make crucial choices among disruptive technologies like advanced AI, blockchain, and IoT among others. Moreover, scaling innovations beyond the initial stages is another hurdle as future businesses struggle to prioritize ideas and allocate resources effectively. Recruiting digital talent and prioritizing investment amidst numerous options further complicates decision-making, especially for early-stage ventures. Managing the cost and uncertainty of return on investment adds complexity to digital transformation efforts. GrowthJockey is looking to address these challenges for enterprises as well as accelerating the growth of future businesses. We spoke to founder and CEO Ashutosh Kumar to learn more about GrowthJockey, what distinguishes it from the competition and the roadmap ahead. Here are the edited excerpts There are not a lot of companies that are catering to this space, especially targeted at the enterprises. How did you come up with this idea? In my decade-long experience at leading large corporations, I repeatedly found myself involved in building future ventures for these organizations. Throughout these endeavors, I recognized a significant unmet need within the industry – large companies were eager to invest in and develop futuristic ventures but faced considerable challenges in finding the 0-100 capabilities required for building ventures from ground zero to full-scale operation. Reflecting on industry trends, I observed a shift in the mindset of forward-looking companies. While two decades ago, companies began adapting and building digital capabilities, today’s forward-looking enterprises are more inclined towards developing in-house venture building. They recognize the strategic advantage of internal incubation, which aligns closely with their ecosystem and vision, thereby helping in fostering the right company culture from the outset. Recognizing the limitations of past approaches – where large enterprises attempted to navigate the 0-100 journey by engaging multiple agencies and consulting firms leading to fragmented efforts and limited success- I saw an opportunity to address this challenge. This realization motivated me to establish GrowthJockey, aiming to build the massive capability needed to execute the 0-1 and 1-100 journey for large enterprise ventures. Our focus lies in creating an ecosystem of agile technology and talent, enabling us to deliver transformative solutions in venture incubation and digital transformation. How does the platform work? Please help simplify the process. At GrowthJockey, our platform, intellsys.ai, serves as a strategic AI infrastructure designed to harness real-time digital data, empowering companies to operate within a dynamic environment using real time insights. Intellsys.ai has played a pivotal role in our ability to expand, scale, and successfully deliver projects, providing our clients with the agility and foresight needed to thrive in today’s fast-paced digital landscape. However, our platform extends beyond intellsys.ai and encompasses a holistic approach to venture building. At GrowthJockey, we productize venture building by leveraging our specialized capabilities in design thinking, digital technologies, strategic consulting, and business operations. Our approach is supported by a detailed and evolving playbook, ensuring that we deliver comprehensive solutions tailored to the unique needs of each venture. Please explain your business model. At GrowthJockey, our revenue generation model encompasses various streams reflecting our diverse offerings. Firstly, as an institutional incubator, we incubate and build ventures, either for equity and cash or solely for cash. We also work as a strategic growth partner where we deliver growth and scale for businesses with our deep capabilities in technology, digital marketing, strategic consulting and business operations, providing a full suite of customized growth solutions. Additionally we derive our revenue stream from intellsys.ai, our AI infrastructure platform, operated on an AI SaaS model, designed to deliver growth-as-a-service with its real time deep data analytics and ability to analyse, experiment, and execute digital campaigns at a large scale. Furthermore, our involvement in venture building includes equity stakes in startups we incubate, generating revenue through exits from these investments, whether through acquisition, IPO, or other strategic transactions. Anchored by our focus areas of growth, operations, and technology, our business model drives innovation and collaboration, positioning GrowthJockey as a pioneering force in the digital transformation sector, both nationally and globally. Who are your nearest direct and indirect competitors? At GrowthJockey, we pride ourselves on being pioneers in our unique business model, making us stand out in the industry. While traditional competitors may not exist due to our innovative approach, we maintain collaborative relationships with industry giants, including the Big 3 consulting firms, with whom we’ve partnered on building numerous ventures. Regarding our AI infrastructure, intellsys.ai, our nearest direct competitors include companies like Pixis.ai, WatsonX, Adobe 360, and Fractal.ai. While they operate in a similar space, what sets us apart is our DIY vertical and our focus on delivering transformative technology solutions. Our specialization in offering growth, operations, and technology tools has enabled us to carve out a distinct niche for ourselves in the industry.

How GrowthJockey addresses venture incubation challenges for enterprises

EntrackrEntrackr · 1y ago
How GrowthJockey addresses venture incubation challenges for enterprises
Medial

Large enterprises encounter numerous challenges hindering their growth, especially in the segment of venture incubation. Navigating digital transformation remains complex, compounded by the need to make crucial choices among disruptive technologies like advanced AI, blockchain, and IoT among others. Moreover, scaling innovations beyond the initial stages is another hurdle as future businesses struggle to prioritize ideas and allocate resources effectively. Recruiting digital talent and prioritizing investment amidst numerous options further complicates decision-making, especially for early-stage ventures. Managing the cost and uncertainty of return on investment adds complexity to digital transformation efforts. GrowthJockey is looking to address these challenges for enterprises as well as accelerating the growth of future businesses. We spoke to founder and CEO Ashutosh Kumar to learn more about GrowthJockey, what distinguishes it from the competition and the roadmap ahead. Here are the edited excerpts There are not a lot of companies that are catering to this space, especially targeted at the enterprises. How did you come up with this idea? In my decade-long experience at leading large corporations, I repeatedly found myself involved in building future ventures for these organizations. Throughout these endeavors, I recognized a significant unmet need within the industry – large companies were eager to invest in and develop futuristic ventures but faced considerable challenges in finding the 0-100 capabilities required for building ventures from ground zero to full-scale operation. Reflecting on industry trends, I observed a shift in the mindset of forward-looking companies. While two decades ago, companies began adapting and building digital capabilities, today’s forward-looking enterprises are more inclined towards developing in-house venture building. They recognize the strategic advantage of internal incubation, which aligns closely with their ecosystem and vision, thereby helping in fostering the right company culture from the outset. Recognizing the limitations of past approaches – where large enterprises attempted to navigate the 0-100 journey by engaging multiple agencies and consulting firms leading to fragmented efforts and limited success- I saw an opportunity to address this challenge. This realization motivated me to establish GrowthJockey, aiming to build the massive capability needed to execute the 0-1 and 1-100 journey for large enterprise ventures. Our focus lies in creating an ecosystem of agile technology and talent, enabling us to deliver transformative solutions in venture incubation and digital transformation. How does the platform work? Please help simplify the process. At GrowthJockey, our platform, intellsys.ai, serves as a strategic AI infrastructure designed to harness real-time digital data, empowering companies to operate within a dynamic environment using real time insights. Intellsys.ai has played a pivotal role in our ability to expand, scale, and successfully deliver projects, providing our clients with the agility and foresight needed to thrive in today’s fast-paced digital landscape. However, our platform extends beyond intellsys.ai and encompasses a holistic approach to venture building. At GrowthJockey, we productize venture building by leveraging our specialized capabilities in design thinking, digital technologies, strategic consulting, and business operations. Our approach is supported by a detailed and evolving playbook, ensuring that we deliver comprehensive solutions tailored to the unique needs of each venture. Please explain your business model. At GrowthJockey, our revenue generation model encompasses various streams reflecting our diverse offerings. Firstly, as an institutional incubator, we incubate and build ventures, either for equity and cash or solely for cash. We also work as a strategic growth partner where we deliver growth and scale for businesses with our deep capabilities in technology, digital marketing, strategic consulting and business operations, providing a full suite of customized growth solutions. Additionally we derive our revenue stream from intellsys.ai, our AI infrastructure platform, operated on an AI SaaS model, designed to deliver growth-as-a-service with its real time deep data analytics and ability to analyse, experiment, and execute digital campaigns at a large scale. Furthermore, our involvement in venture building includes equity stakes in startups we incubate, generating revenue through exits from these investments, whether through acquisition, IPO, or other strategic transactions. Anchored by our focus areas of growth, operations, and technology, our business model drives innovation and collaboration, positioning GrowthJockey as a pioneering force in the digital transformation sector, both nationally and globally. Who are your nearest direct and indirect competitors? At GrowthJockey, we pride ourselves on being pioneers in our unique business model, making us stand out in the industry. While traditional competitors may not exist due to our innovative approach, we maintain collaborative relationships with industry giants, including the Big 3 consulting firms, with whom we’ve partnered on building numerous ventures. Regarding our AI infrastructure, intellsys.ai, our nearest direct competitors include companies like Pixis.ai, WatsonX, Adobe 360, and Fractal.ai. While they operate in a similar space, what sets us apart is our DIY vertical and our focus on delivering transformative technology solutions. Our specialization in offering growth, operations, and technology tools has enabled us to carve out a distinct niche for ourselves in the industry.

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