Mukund Jha, Dunzo co-founder and CTO, in Talks to Raise Rs 80 Crore for New Gen AI Startup
- Mukund Jha, co-founder and former CTO of Dunzo, is in discussions to secure Rs 50-80 crore from Together Fund for his new generative AI startup. - This fundraising effort follows Jha's departure from the financially troubled Dunzo in October 2023, as reported by Moneycontrol. - The trend of top executives leaving established startups to launch their own ventures is gaining traction, appealing to both operators and investors. - Jha's new venture aims to merge AI and SaaS to automate quality assurance processes, according to sources familiar with the matter. - Despite Dunzo's denial of Jha's exit, insiders reveal he has stepped back from daily operations, with a formal announcement expected soon. Source: Moneycontrol
Even if they use OpenAI under the hood, if they add enough value on top of it, then it isn't an issue.
There are lots of cloud providers like Vercel who use AWS under the hood, but they still have customers.
But I agree though, most are just ChatGPT wrappers with no real value addition.
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