Haptik | Pixr8 News

Reliance Jio a subsidiary of Mukesh Ambani led Reliance Industries acquires AI based platform Haptik in 230 crores. After the acquisition Reliance jio will invest 470 crores in the further operation. The Haptik team will continue to drive growth of the business, including the enterprise platform as well as digital consumer assistants. On a fully diluted basis Reliance will hold about 87% of the business with the rest being held by Haptik founders and employees through stock option grants. This transaction enables Reliance Jio to leverage Haptik’s capabilities across various devices and touch points in the consumer’s journey. The investment focus is on enhancement and expansion of the platform, with an addressable market opportunity of over 1 billion users in India. This partnersh...

It was the September of 2014. Indian entrepreneurs were making headlines. Funding, valuation, and bootstrapping were among the most common words in the newspapers. India was becoming hottest destination for venture capital. I was already selling Indian dresses to NRIs through Instagram to fund my college education. The headlines gave a spark to my desire to become an entrepreneur. I began searching entrepreneurs group on Facebook and Google and came across a meetup group 'Entrepreneur's Walk run by Piyush, an IIT Kanpur alumni. I kept attending the meetups regularly, got to know Piyush better and realized he was looking for a co-founder as well. We went on to co-host 18 more meetups together, met a lot of founders (Deepak of Shifu, Blaze of Stayuncle, Umang of Bonita India, Ashim of ...

Tag: Haptik

230 Crore Deal: Reliance Jio Acquires Haptik

My Sales Experiences- From Class 11th (Fund My Education) To Running a Startup