Abhit Sinha’s Post

Acquisition News Alert !!! Niyogin Acquires #SuperScan Ai from Orbo. I am super stoked and excited to share that a Publicly listed fintech leader niyogin just made a game-changing move by acquiring SuperScan, a Fintech AI arm of Orbo.ai. This isn't an average acquisition – it's a strategic leapfrog for both companies! While I'm thrilled to share this monumental achievement for Orbo.ai, and I'm filled with gratitude for the journey we've undertaken. Today, the SuperScan team will embark on an exciting new chapter of growth and innovation alongside Niyogin to accelerate the global adoption of AI. For those unfamiliar, #SuperScan was a unit within Orbo that operated independently, solely focused on providing AI automation solutions for the BFSI sector. From our humble beginnings, we've worked tirelessly to revolutionize two distinct industries, Retail and the Financial industry with our AI solutions, particularly through SuperScan within Orbo. Now, I couldn't be prouder of the impact we've made. Our AI technologies have become integral to countless financial institutions worldwide, driving significant advancements in efficiency, security, and customer experiences. :: Sharpened Focus for Both :: This strategic acquisition allows both companies to sharpen their focus. Niyogin gains an unfair advantage with SuperScan's mind-blowing AI toolkit, multiple IPs specifically designed for the BFSI sector. :: Orbo's Beauty & Retail Focus :: For Orbo, this acquisition represents a strategic move to dedicate all resources toward the rapidly growing beauty and retail sector. This allows them to create a more cohesive story and become a more nimble organization. By divesting SuperScan, Orbo can now focus entirely on revolutionizing the beauty and retail space with cutting-edge AI-powered personalization solutions. They believe this sharpened focus will unlock their true potential. :: A Win-Win for Innovation:: This acquisition benefits both companies. Niyogin gains a valuable AI toolkit specifically designed for the BFSI sector, developed by the talented SuperScan team. This strengthens Niyogin's offerings and unlocks new opportunities. It's a win-win! A big shoutout to our amazing investors who see the disruptive potential Orbo holds with its years of groundbreaking AI R&D. Get ready for a future where Niyogin and Orbo dominate their respective fields, all thanks to the relentless work of both teams in making this a reality. Stay tuned for further innovation from both Niyogin and Orbo! #Ai #OrboAI #Merger #Acquisition #AIBeautyRevolution #TheFutureIsHere Tashwinder Singh Md Danish Jamil Abhit Sinha Gaurav Patankar Amit Rajpal Aneesh Sivakumar

Shark Tank fame enterprise tech startup Orbo is selling its AI platform focussed on the banking, financial services and insurance (BFSI) sector, SuperScan, to listed fintech company Niyogin Fintech Ltd. In a statement, Niyogin said its board has approved signing definitive agreements to acquire SuperScan. However, the companies didn’t disclose the acquisition cost. Founded in 2019 by Manoj Shinde, Danish Jamil and Abhit Sinha, Orbo leverages AI to offer a beauty automation stack. It claims the beauty stack gives data insights about facial attributes, skin tone, and various abnormalities, which helps brands recommend hyper-personalised products. Orbo CEO Shinde told Inc42 that the startup decided to sell SuperScan, an AI-powered document imaging, automation, and fraud detection platform, to focus on its offering for the beauty and personal care industry. Explaining the rationale behind the move, Shinde said it had become cumbersome to focus on the growth of both the platforms. “While we were able to onboard new clients in the beauty segments in a week or two, time taken to onboard clients in the BFSI segment was three to six months due to the regulatory nuances. We wanted to be more cautious in the segment as well. Hence, we decided to divest SuperScan and focus on …

Navigate the GenAI era with this startup map Carrie Ryan is VP of Strategy and Business Development astatine Prosus, a planetary user net radical and 1 of the largest exertion investors successful the world. Reflecting connected the travel since ChatGPT’s debut a twelvemonth ago, it’s wide that generative AI (GenAI) is much than a technological trend; it’s a pivotal displacement successful the concern landscape. With astir 2 decades of acquisition successful strategical and operational roles astatine McKinsey, eBay, Nike, and present astatine Prosus, I person focused connected translating emerging technologies into strategies that thrust meaningful concern maturation and value. At Prosus, this has progressive guiding startups done the GenAI landscape, helping them not conscionable adapt, but besides triumph successful a marketplace that is rapidly transforming. In this article, I distill those learnings into a applicable playbook for GenAI, aimed astatine helping startups to not lone past but besides thrive successful the GenAI era. GenAI worth creation Balancing protective measures, similar information extortion protocols, with progressive strategies, specified arsenic AI-driven merchandise rollouts, is essential. With a dedicated absorption connected GenAI, our portfolio of companies has been capable to recognize important worth implicit the past 12 months crossed retention, income pipeline, conversion rates, fraud prevention, and operational efficiency. While we observe these speedy wins, the existent powerfulness of GenAI lies successful its quality to laic a instauration for long-term, sustainable occurrence successful a perpetually evolving landscape. Figure 1. Example results from Prosus GenAI worth instauration initiatives. Image Credits: Prosus Getting practical Drawing connected this hands-on experience, I’ve outlined a three-step process, allowing startups to measure their position, strategize and unlock value. Disruption diagnostics: Dissect hazard and readiness It is important to recognize your company’s existent lasting successful narration to GenAI disruption. This involves a thorough investigation of hazard vulnerability and operational readiness, which provides a instauration for a robust GenAI strategy. https://ift.tt/xD52oQy

Are AI-driven conversations the game-changer we've been waiting for in the FinTech industry? 🤖💬💼 Discover how one innovative startup called Atlas, based in the heart of New York, is reshaping the way businesses operate by using cutting-edge AI technology. Founded by the forward-thinking, innovative, and entrepreneurial Omer Jamal, Atlas is revolutionizing the AI-as-a-service industry. Imagine this... Alexa-like agents working tirelessly to cut costs and supercharge your operations by reducing the mundane tasks that consume 80% of your time! Sounds too good to be true? Hit the link to explore deeper into this exciting innovation and understand more about Atlas' mission and contributions to the FinTech industry. 👉 https://lnkd.in/gd972jAT Join the AI Revolution with Atlas, the world energy leader in AI network. Innovation is coming. Are you ready for it? #AI #FinTech #EnterpriseEfficiency #ArtificialIntelligence #Atlas #USVentureNews

Late Post — Please meet our JioGenNext cohort of ten #AI startups: Medhini-Arficus, Dista, ContractKen, Beatoven.ai, Expertia AI, VoiceOwl, HYRGPT, jhana, KissanAI, OnFinance AI Pioneering digital AI solutions in Healthcare, Banking, Legal, Entertainment, & more, committed to supporting the journey with mentorship & resources, nurturing visionary goals into reality & fostering growth in their domains Three of them are part of the nasscom story (https://lnkd.in/dPYfKW4e)

New Post: Navigate the GenAI era with this startup map - Carrie Ryan is VP of Strategy and Business Development at Prosus, a global consumer internet group and one of the largest technology investors in the world. Reflecting on the journey since ChatGPT’s debut a year ago, it’s clear that generative AI (GenAI) is more than a technological trend; it’s a pivotal shift in the business landscape. With almost two decades of experience in strategic and operational roles at McKinsey, eBay, Nike, and now at Prosus, I have focused on translating emerging technologies into strategies that drive meaningful business growth and value. At Prosus, this has involved guiding startups through the GenAI landscape, helping them not just adapt, but also win in a market that is rapidly transforming. In this article, I distill those learnings into a practical playbook for GenAI, aimed at helping startups to not only survive but also thrive in the GenAI era. GenAI value creation Balancing protective measures, like data protection protocols, with progressive strategies, such as AI-driven product rollouts, is essential. With a dedicated focus on GenAI, our portfolio of companies has been able to realize significant value over the last 12 months across retention, sales pipeline, conversion rates, fraud prevention, and operational efficiency. While we celebrate these quick wins, the real power of GenAI lies in its ability to lay a foundation for long-term, sustainable success in a constantly evolving landscape. Figure 1. Example results from Prosus GenAI value creation initiatives. Image Credits: Prosus Getting practical Drawing on this hands-on experience, I’ve outlined a three-step process, allowing startups to assess their position, strategize and unlock value. Disruption diagnostics: Dissect risk and readiness It is crucial to understand your company’s current standing in relation to GenAI disruption. This involves a thorough analysis of risk exposure and operational readiness, which provides a foundation for a robust GenAI strategy. #Navigate #GenAI #era #startup #maphttps://lnkd.in/dN46kgT4

Here are CBInsight.com's most promising startups Are you an investor or founder? Focused on AI, FinTech, Retail Tech and InsurTech?   This should give investors insights on whats leading the pack and founders ideas on where to aim   Here are the top in each category: Fintech Ledger Enterprise is a global platform for digital assets and Web3. It offers various products such as integrated tools and live applications to enable consumers to securely buy, store, swap, grow, and manage cryptocurrencies. The company was founded in 2014 and is based in Paris, France.   AI Hugging Face focuses on advancing and democratizing artificial intelligence through open source and open science. The company offers a platform where the machine-learning community can collaborate on models, datasets, and applications. Hugging Face primarily serves the artificial intelligence, machine learning, natural language processing, and deep learning sectors. It was founded in 2016 and is based in Paris, France.   Retail Tech DotPe is a company that operates in the food and beverage, retail, and service sectors. It provides a range of business tools including point of sale systems, online store creation, QR solutions, inventory management, payment integration, and delivery integration. The company primarily serves the food and beverage industry, the retail industry, and various service professionals. Dot was formerly known as DotPe. It was founded in 2019 and is based in Gurugram, India.   Insurtech Next Insurance focuses on providing insurance services, specifically tailored to the needs of small businesses. The company offers a range of insurance products including general liability insurance, workers’ compensation insurance, professional liability insurance, commercial auto insurance, and commercial property insurance among others. The company primarily serves sectors such as retail, food and beverage, construction, consulting, education, entertainment, fitness, financial services, real estate, and more. It was founded in 2016 and is based in Palo Alto, California.   You can also find the full sheet here: https://lnkd.in/gux8r5Ju #GOVentures #startups #ai #venturecapital #fintech #insurtech

🚀 Funding News: Inspeq AI Raises $1.1 Million in Pre-Series A Round! 🚀 Company Overview: inspeq ai, founded in 2023 in Dublin by Apoorva Kumar and Ramanujam MV , is a responsible AI development platform provider. Their enterprise-ready LLM Ops platform is designed to help developers evaluate and improve their AI applications, making Gen AI app development up to 4X faster and cutting development costs by up to 70%. The platform optimizes Gen AI deployment throughout all phases, from testing and evaluation to monitoring and performance enhancement. Funding Details: inspeq ai has successfully raised $1.1 million (about Rs 9.13 crore) in its pre-Series-A round led by Sure Valley Ventures with participation from Delta Partners Ltd.. Other notable investors include Plug and Play Tech Center, and several marquee angel investors such as Gaurav Singh Kushwaha (founder and CEO of BlueStone), Prateek Dixit (founder of Pocket FM), Rick Kelly (former MD of Meta Ireland), and Cyril Treacy (former VP of Salesforce). Impact and Future Plans: The proceeds from this funding round will be utilized to expand inspeq ai’s product development team and extend its marketing and sales operations in India, Ireland, and the UK. The firm’s comprehensive AI Ops platform addresses the entire spectrum of AI development and production phases, promising substantial improvements in efficiency and cost-effectiveness. Encouraging Growth with Aspirants Space: At Aspirants Space, we are excited about inspeq ai’s promising future and the potential impact of their innovative platform on the AI development industry. This investment not only validates inspeq ai's technological capabilities but also opens up opportunities for substantial growth and expansion. We encourage inspeq ai to leverage our services to hire top aspirants for their continued growth and success. Join the Journey: inspeq ai is on a mission to revolutionize AI development. If you're passionate about cutting-edge technology and want to be part of a dynamic team driving innovation in AI, consider joining inspeq ai. Don’t miss the opportunity to be part of this exciting journey! Source : https://lnkd.in/gywbFW_6 Image Credit : Ramanujam MV #AspirantsNews #JoinInspeqAI #FundingNews #Indianstartup #Hiring P.S. - Image correction

Commonwealth Bank’s x15ventures is on the hunt for AI innovators with partnership potential #AI #AInews #artificialintelligence #technology #tech #technews #GenAI #GenerativeAI #ML #machinelearning #australianfintech #fintech #fintechnews #finance #financialtechnology #startups #startupnews #scaleups #scaleupnews #innovation

When evaluating an #investment pitch involving AI or GenAI-enabled processes, it's easy to get caught up in technical jargon. That's why I focus less on technical prowess and more on how the #technology can make business operations faster and more intelligent. 📌 Does integrating #AI enhance decision-making? 📌 Can it elevate #business strategies? 📌 Can it unlock new opportunities for #growth and efficiency? The key objectives of a successful investment or business are crystal clear—generating #revenue growth (top line) and ensuring profitability (bottom line). Accordingly, we evaluate - 📍 Are these #startups focused on building a robust portfolio of intellectual property in AI and Gen AI, which we can then value and monetise on as a #business? 📍 Or is their primary aim to achieve revenue growth and #profitability? This #investment philosophy has been the cornerstone of Indian Angel Network's approach for the past 17 years, and it remains steadfast in guiding our decisions today.