Ratan Tata invests in artificial intelligence startup Niki.ai

Ratan Tata, chairman emeritus of Tata Sons, has made an undisclosed amount of investment in Bangalore-based artificial intelligence startup Niki.ai. Existing investor Ronnie Screwvala’s Unilazer Ventures also participated in this funding round.   In October 2015, Unilazer had invested an undisclosed amount in the startup, and also made a commitment of a follow-on investment round of up to Rs 5 crore. “Chatbots have now picked up globally and Niki has been at the forefront of this innovation, building the technology for over a year now. We continue to support the team as we believe in their vision to simplify transactions for consumers,” said Screwvala. Niki.ai, owned and operated by Techbins Solutions Pvt. Ltd, was founded in April 2015 by four IIT Kharagpur alumni — Sachin Jaiswal, Keshav Prawasi, Nitin Babel…


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