From Binny Bansal's Opptra to Soham Chokshi's Shipsy: Meet top Indian startup founders who added AI to their CVs

The Indian economy is rapidly evolving with digital advancements transforming various sectors. Among the most notable developments is the rise of AI-driven businesses, enhancing technological expertise and improving the quality of life.

According to a joint report by NASSCOM and BCG, India¡¯s artificial intelligence market is projected to reach $17 billion by 2027, growing at an impressive CAGR of 25-35% between 2024 and 2027. With AI revolutionising industries like healthcare, education, logistics, and management, thousands of AI startups have emerged in India in recent years.

Here¡¯s a look at some of the most influential AI startup founders who are leading the charge in this exciting sector.

Binny Bansal - Opptra

Credit: BCCL

Flipkart co-founder Binny Bansal has ventured into the AI-driven business landscape with Opptra, a startup focused on building franchise business portfolios. Opptra leverages artificial intelligence to optimise market strategies, brand building, and supply chain management.

Bansal believes that AI-led localisation and data analytics are key differentiators in the competitive global market. Opptra aims to bridge gaps between brands and new markets, particularly in Asia, using a combination of cutting-edge AI, market insights, and automation. With a smart logistics and robotics-integrated supply chain, Opptra is redefining how brands expand worldwide.

Sandeep Deshmukh - ElasticRun

Credit: LinkedIn

An IIM Ahmedabad alumnus, Sandeep Deshmukh founded ElasticRun in 2016, a B2B platform that connects FMCG and grocery brands to rural markets. According to indianstartuptimes.com, the startup, which generates an annual revenue of $604 million, uses AI to enhance supply chain efficiency, optimise inventory management, and predict consumer demand in remote areas.

ElasticRun¡¯s AI-backed technology allows businesses to scale in rural markets by analysing market trends, automating logistics, and ensuring seamless connectivity between brands and small retailers.

Nishith Rastogi - Locus.sh

Credit: Locus

Nishith Rastogi, a BITS Pilani graduate, founded Locus.sh in 2015. Initially developed as a women's safety geo-tracking application, Locus.sh has evolved into a leading AI-powered logistics management platform. The company, valued at $300 million, generates an annual revenue of $9.46 million, as reported in indianstartuptimes.com.

Locus.sh utilises AI for route optimisation, fleet management, and decision-making in logistics. With a robust AI-powered dispatch system, the platform helps businesses streamline deliveries, reduce costs, and enhance operational efficiency across various industries.

Vivek Raghavan - Sarvam AI

Credit: Sarvam AI

Founded in 2023, Sarvam AI is an AI startup co-founded by Vivek Raghavan and Pratyush Kumar. The company focuses on developing large language models (LLMs) and provides a platform that enables businesses to create and evaluate generative AI (GenAI) applications.

With a valuation of $111 million, Sarvam AI is rapidly gaining traction by offering innovative AI solutions that enhance natural language processing, automate content creation, and improve AI-powered customer interactions.

Soham Chokshi - Shipsy

Credit: LinkedIn

An IIT Madras alumnus, Soham Chokshi co-founded Shipsy in 2015, an AI-driven logistics management platform. Currently serving as the CEO, he has played a crucial role in shaping Shipsy into a $124 million-valued company with an annual revenue of $6.67 million.

Shipsy¡¯s AI-powered global logistics platform helps businesses optimise supply chains, reduce costs, and enhance customer experience. It integrates cross-border and local logistics, providing complete visibility across first, middle, and last-mile operations. With real-time analytics and automated decision-making, Shipsy enables businesses to achieve operational efficiency and seamless delivery management.

AI Startups: The Future of Indian Tech

India¡¯s AI startup ecosystem is witnessing unprecedented growth, driven by visionary founders who are leveraging artificial intelligence to revolutionise industries. From Binny Bansal¡¯s Opptra to Soham Chokshi¡¯s Shipsy, these entrepreneurs are paving the way for a smarter and more efficient digital future.

With AI-driven solutions transforming logistics, e-commerce, supply chains, and more, the future of AI startups in India looks incredibly promising. As the market expands, these innovators will continue to shape the global AI landscape, making India a key player in the artificial intelligence revolution.

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