CosmicTaco
CosmicTaco

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

5mo ago
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