NIKI AI
Lesson for entrepreneurs: What are the common mistakes startup founders make and how to avoid them?
India has the third largest startup ecosystem in the world, with 1.17 lakh entities (DPIIT), nearly 1,710 venture capital funds, 794 accelerators and incubators (Tracxn), and several government initiatives like Startup India. Despite this fervour and support, financial and otherwise, the startup journey is extremely difficult.ET Wealth lists the typical mistakes most founders make and tell you how to tackle these
At Texas arts and tech fest, virtual reality is perfectly human
VR and augmented reality are often associated with video gaming, or the groundbreaking hardware races underway between tech titans like Apple and Meta - though with little in the way of mass adaptation.
Will Gen-AI take your job? Which type of jobs ChatGPT, BARD, Microsoft Bing can impact, what to do to secure your career
With such a radically transformative technology, there are bound to be changes in jobs and careers across industries and sectors. Since ChatGPT is a language model, it will impact jobs that involve any form of communication and language.
Top ex-Google AI researchers raise $8 million in funding from Thrive Capital
Thrive Capital had led the round in Essential AI, founded by Ashish Vaswani and Niki Parmar. The company is still in stealth mode and hasn't launched any product. Conviction and angel investor Elad Gil also participated in the round, one source close to the company added.
AI startup Adept raises $350 million in fresh funding
The funding came less than a year after it raised $65 million in April 2022, signaling strong investor interest in AI startups in an overall slow venture market.
Ratan Tata-backed AI startup Niki says revenue grew by 1,000% in 2020
Niki served more than 1.5 million users through its app last year and average spends are increasing considerably, says Sachin Jaiswal, CEO of the Ratan Tata-based AI startup.
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Niki plans $30 mn fund raise, targets $100 mn run rate
The B2C commerce platform, which lets users carry out transactions using voice commands, has launched in Hindi, Bengali and Tamil, and has recorded about 800,000 transactions from this segment in the past year.
Hindi users help Niki.ai grow 300x
The company is now working on launching other regional languages over the next few months.
SoftBank plans second AI venture fund of more than $55 million
The effort is separate from SoftBank’s much better-known Vision Fund, the $100 billion giant that has made large bets on industries from ride-hailing and autonomous driving to co-working spaces.
Here's why Indian companies are betting big on AI
It's now a frenzied race. Companies are diverting more and more resources towards AI capabilities.
Digital Innovation Summit 2018 comes to New Delhi
The bank, this year, has joined hands with Startup India in its effort to harness the startup and fintech ecosystem and get access to innovative ideas for potential application and deployment.
Niki.ai breaks even on all transactions: CEO Sachin Jaiswal
Sachin Jaiswal, CEO, Niki.ai, said that the company had seen a surge in revenue this year following the launch of the voice command feature.
Ratan Tata backed startup, Niki.ai, reports 430% revenue growth
The startup, backed by Ratan Tata, Unilazer Ventures and SAP.iO, among others, said that this translated into a 56% month-on-month growth in transactions.
HDFC Securities partners with Niki.ai for stock trading over Facebook chat
The brokerage house looks at enhancing the software, which would then allow investors to directly create portfolios, stock watch lists, buy and sell stocks on chat, get stock trends, receive recommendations for investments etc.
SAP wants staffers to create startups
The SAP.iO fund usually makes direct equity investments in the $1,00,000-2,50,000 range.
Federal Bank launches chatbot for easy m-commerce on its mobile app
Services through Chat on the app is made seamless & interactive, which makes the process quite simple.
Startups get creative to make AI bots chatty
As much as building an AI bot requires engineering talent, having the right soft-skills talent is becoming as important, if not more, to make customers stick.
HDFC Bank's OnChat records 160% month-on-month growth in transactions
The chatbot is the Bank's maiden foray into conversational banking and since the launch, HDFC Bank OnChat has witnessed an exponential growth in the number of users.
Niki.ai partners with LazyPay to offer 'buy now, pay later' feature
The bills will be raised in two cycles for the pay later service users. Users of this service will receive an intimation of the amount to be paid and the payment due date by email and SMS.
$2 million in Series A will now add to Niki.ai's Smarts
The fundraising also saw participation from other Indian investors including Haresh Chawla, partner at True North; and Arihant Patni, managing director at Hive Technologies; along with some US and German investors.
SAP.iO's first investment in India goes to Tata-backed Niki.ai
SAP.iO plans to invest $10,000 to $250,000 in different companies, with a greater focus on driving SAP's engagement with startups.
Personal assistant app Tapzo hits 1 lakh transaction mark
The company will be launching other verticals over the coming months to diversify business. It recently announced the launch of food order aggregation on the platform through tie-ups with Swiggy, Zomato, Freshmenu and Faaso's.
HDFC Bank, Niki.ai tie up for chatbot banking
The chatbot is presently available on Facebook messenger where it can be used for e-commerce transactions like booking a cab, ordering food or paying bill.
India-based AI startups draw attention of tech biggies like Apple, Facebook
Indian enterprises have turned out to be a breeding ground for AI startups because they are in businesses with a surfeit of data.
India's Niki chatbot features in Facebook's global messenger bot success story
With 75,000 users and close to 30,000 monthly active visits, Niki has seen a 10x increase in chat to order conversion on Messenger compared to the web.
Meet the MAD couple of AI start-ups: Anand Chandrasekaran & Ashwini Asokan
With AI startups all the buzz right now, if your domain name is “.ai”, expect the investors to line up with stacks of cash.
Ratan Tata, Ronnie Screwvala invest in artificial intelligence startup Niki
The company works on a channel partnership model and generates revenue for every order processed on its platform.
Chat Bots now count on AI to get to know you better
All these platforms leverage artificial intelligence, wherein the machine that works in the background keeps becoming more ‘intelligent’ as it keeps getting more data.
Startups build on Artificial Intelligence, save costs and drive efficiency
In India, a number of tech startups are turning to artificial intelligence to build tools that can cut costs and drive efficiency for businesses.
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