[Funding alert] Retail AI startup SprintAI raises $500,000 from InMobi co-founder, others
Summary
These include Piyush Shah, Co-founder, InMobi Group; CS Suryanarayanan, ex-MD at Levis; Deepinder Singh, ex-CPO, MuSigma; Sachin Maheswari, Co-founder at EzCred; Amiya Pathak, Founder of Zipdial; Rohit Razdan, Board member, Chumbak, as well as Amit Chand, ex-CFO, TCNS Clothing. Speaking to YourStory, Ankit Jain, Co-founder, of SprintAI, said, The startup was founded by three batchmates from IIT Kanpur - Ankit Jain, Anurag Bhatt, and Sharad Lahoti who have previously worked with ecommerce majors and corporations including Amazon, Flipkart, PayU, Capillary, and McKinsey. Commenting on the funding, Piyush Shah, Co-founder, InMobi Group, said, SprintAI is an AI Platform for retail merchandising (including apparel, footwear, accessories, and beauty), which helps clients maximise their revenues through smarter inventory placement, re-balancing products and intelligent pre-placement and fulfillment decisions for online orders. According to the founders, SprintAI’s clients see five percent increase in revenue within three months of going live. The startup has also been selected to be part of Target Accelerator 2019 cohort.
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