Tag: Inflection Point Ventures

Business

BFSI-focused AI/ML Platform Metis raises 1.3 Cr, led by Inflection Point Ventures

Jun 20, 2024 by Sujata Muguda 0 Comments #Ahmedabad, #AI/ML Platform, #BFSI, #CEO of Metis, #Inflection Point Ventures, #Intelligent Decisioning using AI & ML for BFSI, #Khushru F., #Khushru F. Doctor, #Metis Intellisystems, #Metis Intellisystems Pvt Ltd, #Vikram Ramasubramanian

Ahmedabad, 20 June 2024: Metis Intellisystems Pvt Ltd, which stands for Intelligent Decisioning using AI & ML for BFSI, has raised 1.3 Crores in a round led by Inflection Point Ventures. The funds will be allocated to further develop the pioneering solutions, optimize strategic use, and expand local and global outreach avenues to expand their market presence and drive growth.

L-R_Amit Saraswat_CPO, Khushru F. Doctor_CEO , Metis (1)

Khushru F. Doctor, CEO of Metis, with over 30 years of experience, has led large and small global projects. His extensive qualifications include MCA, former CISA, CSM, PMP, and a Diploma in Innovation and Design Thinking. Amit Saraswat, the CPO, brings over 20 years of experience, backed by a PhD in “Advanced Statistical Methods” and a Bachelor’s Degree from IIT Roorkee. As the first Data Scientist at LendingKart, he pioneered data-driven strategies in the fintech space. His expertise has also been honed through roles as a Data Scientist at Fidelity Investments and Home Credit. The founders are well supported by Mahima Dwivedi, a veteran of International Business Development.

Vikram Ramasubramanian, Partner, Inflection Point Ventures, says, “As credit availability increases, boosting economic growth, credit decision-making must become more robust. With a wealth of qualitative and quantitative information available today, data science is essential for improving credit decisions. Analytics not only assist lenders before lending but also act as early warning systems during the credit term, ensuring credit quality is maintained. While existing applications help lenders with credit decisions, they often fail to adapt to the evolving credit landscape and fully leverage data science. Metis addresses this with more accurate and agile data analytics and early warning systems. Led by Khusru and Amit, who bring deep and complementary expertise, Metis is well-positioned to thrive in this market.”

Metis’ deep understanding of Machine Learning, Artificial Intelligence, and its application for fintechs has enabled the company to develop a unique capability to deep-dive to present contextual understanding and cross-reference data from multiple sources. This allows them to create a comprehensive and unified understanding of the customer, enhancing the precision and effectiveness of financial technology solutions.

Khushru F. Doctor, CEO of Metis Intellisystems, says, “Metis Intellisystems aims to transform the fintech industry using its cutting-edge AI/ML technologies. There is a lack of high-tech, intelligent decision-making processes, even in large fintechs. Metis aims to spearhead the adoption of intelligent systems for decision-making to replace outdated technologies or manual methods. Leveraging our expertise in advanced technologies, experience in Fintech, and passion for problem-solving, Metis seeks to harness and interweave abundant, diverse data sources via cross-referencing and triangulation to champion a paradigm shift to automated intelligence.”

Within two months of Metis’ product launch, the company secured partnerships with financial institutions, both domestic and international, including a prominent national bank. They were invited to The Indian Banks’ Association (IBA) Knowledge Series to present their solutions to large public sector banks. The Fintech AI platform has formalised arrangements with many companies in the past few months. These discussions with multiple banks and NBFCs aim to implement solutions for various use cases such as risk identification, early warning systems, and automated business rule engines (BRE) for lending.

The digital lending sector, in which Metis operates, is projected to grow significantly, from its current valuation of USD 270 billion to USD 1.3 trillion by 2030. This substantial market growth underscores Metis’s vast potential and opportunities as it scales its operations.

Business

Palette Brands secures nearly Dollar2 million in Pre-Series A funding led by Rockstud Capital and IPV

Jun 12, 2024 by Sujata Muguda 0 Comments #Apurva Salapuria, #Founder of White Inc, #Goldman Sachs Research, #Inflection Point Ventures, #Ivy Chin, #Palette Brands, #Partner, #Rockstud Capital and IPV, #Siddharth Gadodia, #Stoffer Anko Norden

Bangalore, 12 June, 2024: Palette Brands (Earlier White.Inc), a next-generation consumer goods company that is building aspirational brands across high growth verticals, has raised close to $2 million in a Pre-series A round. The round was led by Rockstud Capital, along with participation from existing investors including IPV & Dholakia Ventures, and some prominent angels investors including Stoffer Anko Norden and Apurva Salapuria.

L-R_Siddharth Gadodia_Founder & CEO, Young Yun_Co-Founder & Head Of E-commerce, Himanshi Tandon_Co-founder & CMO, White. Inc

According to a report by Goldman Sachs Research, the cohort of affluent consumers in India will increase from around 60 million in 2023 to 100 million people by 2027. Palette is building for this aspirational affluent consumer who seeks great product design and value. This includes products in the mass premium segment of categories which have a large TAM and significant unmet consumer needs. Palette’s brands are disrupting through product innovation via high performance materials, design aesthetics, superior functionality and value for money pricing. Current brands include ‘Unbottle’, which is reusable & sustainable drinkware product and ‘Totem’, which creates accessories exclusively for the growing Apple consumer base in India. It will soon be launching the cookware brand ‘Ember’, a non-toxic product inspired by vibrant Indian lifestyle and modern décor.

The founders, Siddharth Gadodia, Young Yun, Himanshi Tandon & Bret Recor, bring together over 30+ years of combined experience in product development, technology, operations, ecommerce, supply chain, and marketing. As a team of product and brand experts led by Siddharth, they are united by a singular mission: to revolutionize the consumer products industry in India with better design, superior products, and enhanced lifestyles.

Additionally, Palette’s exclusive partnership with Box Clever, one of the world’s leading, award-winning design studio, reflects their shared dedication to innovation, quality, and making a difference in our customers’ lives. Box Clever is known for creating products & experiences that captivate consumers’ imagination and for creating products for market leaders in the USA.

According to Siddharth Gadodia, Founder of White Inc, “This funding will predominantly focus on the launch of Ember, a cookware brand as this category is ripe for innovation – with consumers looking to upgrade their kitchens while making healthier choices. This is a huge white space – marrying form and functionality. Ember aims to solve this by bringing India’s first absolutely non-toxic cookware brand with non-stick properties and stunning looks.”

Ivy Chin, Partner, Inflection Point Ventures, said “In today’s era, aesthetics often takes precedence, with consumers prioritizing the visual and tactile appeal of the products. This growing trend has led to higher-priced items that do not offer superior functionality. Palette Brands distinguishes itself by combining high-quality design, materials, and performance, thus providing excellent value for money. IPV aligns with Palette Brands core values of sustainability, innovative design, productivity, and affordability. We are confident of the brand’s potential to grow and are committed to supporting its journey.”

Abhishek Agarwal, Managing Partner of Rockstud Capital, said, “The founding team comes with a diverse background and complementary skillset which is extremely important when you are building a brand in the consumer space in India. Also, there is a huge whitespace and potential for disruption when it comes to cookware category in our country as consumers are seeking new product offerings and refreshing new designs.”

Co-curricular learning platform Homi Lab raises Rs. 5 Cr in a Pre-Series A by Inflection Point Ventures
Business

Co-curricular learning platform Homi Lab raises Rs. 5 Cr in a Pre-Series A by Inflection Point Ventures

Jun 2, 2022 by Agency 0 Comments #Co-curricular learning platform, #Homi Lab, #Inflection Point Ventures

A co-curricular futuristic learning platform Homi Lab has raised Rs. 5 Cr in a Pre-Series A round by Inflection Point Ventures.

The funds raised will be utilized for development of the cutting-edge technology platform and high-quality unique content creation. The organization aims to continue ongoing research on futuristic skills, development cycle involving stakeholders and enabling the backbone which will create top notch content for the young learners.

Ankur Mittal, Co-Founder, Inflection Point Ventures says, “Exposing young minds to futuristic learning programs through technology to enrich their understanding of non-academic but deeply insightful subjects like space, time travel etc., enabling them to charter an unexplored territory is a commendable initiative by Homi Lab. This futuristic platform will help India to nurture young learners right from a nascent age and mold them to be explorers in the field of science and beyond. At the same time the product and content will have creators from all over the world and hence will be relevant to a large global audience. While focused on kids, I personally found some of the content extremely fascinating. Homi Lab is founded by Srijan who is the founder of Kalam Centre and has authored many books which will form the base on which the content will be created making Homi Lab a good founder – product fit. PV looks forward to extending their support and helping them build and deliver quality content through technology.”

Homi Lab was founded by Srijan Pal Singh, renowned children’s author and former Advisor to the 11th President of India, Dr. A.P.J. Abdul Kalam. The leadership team has exposure to global methods of education and various global laboratories across streams bringing the art of creating an interactive and engaging learning experience. Homi Lab is committed to enabling all young learners to view the world with an expanded vision. Homi Lab students have successfully discovered 71 preliminary asteroids in space using real-time data. Almost one thousand students were trained to take pictures of planet Earth by programming a camera on the International Space Station through Sally Ride EarthKAM Space Camp. It has successfully brought the idea of futuristic learning to almost 40,000 young learners from across the world in the past one year.

Srijan Pal Singh, Founder, Homi Lab says, “Homi Lab is on a continued journey to build a brighter future for humankind by transforming the learning space with our model of training. IPV not only provides us the necessary fuel in our journey in terms of capital, but also in terms of ideas, partnerships and people.”

According to a report by RBSA Advisor, growth in the Indian Edtech sector will be backed by growing demand as well as strengthening business models, aided by facilitative governmental policy. The New Education Policy, 2020, has also provided policy impetus to the Edtech sector by recognizing the role of technology in education.

Moreover, income inelasticity of education in India is estimated at 0.93 vis-à-vis other expenditure, implying that at any income level, Indians are more inclined to spend on their education.

Moneycontrol launches Pitch Right
Business World

Moneycontrol and Inflection Point Ventures collaborate to launch ‘Pitch Right’, a competitive initiative for high potential startups to secure funding

Oct 21, 2020 by Gouri Achary 0 Comments #Ankur Mittal, #Binoy Prabhakar, #entrepreneurship, #Inflection Point Ventures, #Moneycontrol, #start-up, #Vinay Bansal

In a bid to encourage a culture of entrepreneurship and start-up in the country, moneycontrol, one of India’s leading financial news platforms and Inflection Point Ventures, one of India’s largest and most active angel platforms, have come together to launch Pitch Right, a competitive initiative for high potential startups to secure funding. Through the platform, the two industry pioneers will identify promising startups that are building innovative solutions and help them grow and succeed in the current challenging environment.

Kick-starting the registration, eligible participants can submit their entries till November 8. The platform will provide a chance to early-stage startups to showcase their idea and potential to top VCs, successful founders and leading Angels of India. Based on that, the jury will select one winner who will receive INR 50 lakh in funding from IPV on the finale, scheduled for 5th December 2020. The identified and shortlisted startups will be mentored and given access to a widespread network of industry professionals and luminaries.

Commenting on the initiative, Binoy Prabhakar, Editor, moneycontrol said, “We at, moneycontrol have accompanied the evolution and growth of the Indian Startup industry by providing a holistic reportage on the entire ecosystem. Over the years, we have seen aplenty startups change the world with disruptive ideas and innovative technology. Following which, we have launched Pitch Right with Inflection Point Ventures with an aim to present entrepreneurs a direction to use their most disruptive ideas and provide more than just an avenue of investment for the budding entrepreneurs.”

Vinay Bansal, Founder CEO, Inflection Point Ventures, added, “We are pleased to associate with moneycontrol, a brand recognized for its credibility, accuracy and authority on India’s startup industry. More than just being a funding platform, through Pitch Right we aim to offer an entire ecosystem for both the investors as well as startups. We seek to identify the promising entrepreneurs and startups of tomorrow and aid them by providing mentoring and capital.”

The initiative was launched on October 8 via a highly engaging and successful 30-minute AMA session that saw the presence of new-age startups and well-known investors who discussed and debated on the topics of how to raise funds amid a Pandemic and make them last longer. The session was conducted with Vinay Bansal, Founder CEO, IPV and Ankur Mittal, Co-founder IPV, moderated by Priyanka Sahay, Special Correspondent, moneycontrol.

To know more and register your startups please visit: https://t.co/nsNcm9UNQ8?amp=1