Paytm acquires One97 incubated personal assistant app Shifu

Alibaba-backed Paytm is continuing its acquisition spree. The Noida-based behemoth has acquired context-aware personal assistant application Shifu. The amount involved in the acquisition wasn’t disclosed, but according to media reports, it was to the tune of $8 million. Team Shifu The company will leverage Shifu’s tech infrastructure to enhance customer experience and use its artificial intelligence capabilities. Shifu earlier raised funds from Vijay Shekhar Sharma (Paytm) among others, and was incubated at One97 Communication. Shifu is a context-aware personal assistant for smartphones. It mines your usage data to predict what you are going to do next and makes relevant suggestion. Importantly, it knows when you are free to make calls and reminds you to return calls you missed and to charge your phone. Speaking on the acquisition, Kiran Vasireddy, Sr.…


Link to Full Article: Paytm acquires One97 incubated personal assistant app Shifu