Former Dunzo CTO in talks to secure Rs 50-80 crore
Mukund Jha, a key figure behind the rapid growth of hyperlocal delivery platform Dunzo, is embarking on a new entrepreneurial venture. The former chief technology officer of Dunzo is in advanced discussions to raise between Rs 50-80 crore (approximately $6-10 million) from Together Fund for his nascent generative AI startup.
Jha departure from Dunzo
This development comes on the heels of Jha’s departure from Dunzo in October 2023, as reported by Moneycontrol. With a strong background in technology and a proven track record, Jha is now focusing on leveraging the power of AI to revolutionize quality assurance processes across industries.
Jha’s new venture aims to create a platform that combines the capabilities of artificial intelligence with Software-as-a-Service (SaaS) to streamline and automate quality assurance tasks. This approach has the potential to significantly enhance efficiency and accuracy in various sectors.
Startup ecosystem trend
The funding round for Jha’s startup aligns with a broader trend in the startup ecosystem, where experienced executives are increasingly opting to launch their own ventures. This trend is driven by the desire for greater ownership and control over their entrepreneurial journey, as well as the opportunity to capitalize on their expertise and industry connections.
As the AI landscape continues to evolve, Jha’s new venture is poised to play a pivotal role in shaping the future of quality assurance and automation. With the backing of Together Fund, the startup is well-positioned to scale its operations and deliver innovative solutions to its target market.
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