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Niyogin To Acquire Shark Tank Featured Orbo’s AI Platform For The BFSI Sector

Mumbai-based startup Orbo is selling its AI platform, SuperScan, which caters to the banking, financial services, and insurance (BFSI) industry, to fintech company Niyogin Fintech. The acquisition cost has not been disclosed. Orbo plans to focus on its main offering, BeautyGPT, an AI chatbot providing beauty recommendations. The company's CEO, Manish Shinde, stated that maintaining growth in both segments became challenging due to regulatory complexities. Orbo's operating revenue in FY23 was INR 2.3 crore ($308,000) but incurred a net loss of INR 4.4 crore ($587,000).

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