Latest news with #PremBhatia
&w=3840&q=100)
Business Standard
11-08-2025
- Business
- Business Standard
Graas.ai raises $9 million to expand AI agent platform Agent Foundry
a platform that provides artificial intelligence (AI)-based analytics solutions for e-commerce businesses, announced on Monday that it had raised $9 million in a pre-Series B funding round. The round was led by Tin Men Capital, with participation from Incred Wealth, Orzon, and existing investors Integra Partners and Yuj Ventures. The company plans to use the investment to expand Agent Foundry in India. This is its platform for building agents that address challenges in modern commerce, including rising customer acquisition costs, pricing optimisation, margin erosion, and inventory mismanagement, the company said in a statement. It added that Agent Foundry can independently analyse real-time performance across sales channels, stock-keeping units (SKUs), and advertising campaigns, then execute decisions for both direct-to-consumer (D2C) and marketplace brands. The agents cater to distinct business needs. For instance, Hoppr serves as an in-house analyst for performance analysis; Chattr functions as a customer support agent; Extract delivers cleaned data into Google Sheets or databases for data engineers; Cartlyst operates as a business-to-business order specialist; and Turbo brings together sales, advertising, inventory, and operations data in one unified view. Domain experts then fine-tune the behaviour of these agents. Prem Bhatia, co-founder and chief executive officer of said, 'Commerce does not need another AI copilot or prettier dashboard. It needs agents that actually 'run' the play. We have spent two years building the data backbone, and now with Agent Foundry, we are helping brands act on it. This multi-agent framework lets us create bespoke agents solving commerce's toughest problems. Despite the challenging fundraising climate, we are grateful our investors share our vision for an agentic world.' Founded in 2022 and headquartered in Singapore, the AI-native data and automation company primarily serves e-commerce businesses. The data show that the company has so far processed over $1 billion in gross merchandise value (GMV) and provides services to over 2,000 brands, operating in seven countries in India and Southeast Asia.
Economic Times
11-08-2025
- Business
- Economic Times
Ecommerce tech startup Graas AI raises $9 million from Tin Men Capital, others
Graas AI, a Singapore-based ecommerce technology company founded in 2022, has raised $9 million in a funding round led by venture capital fund Tin Men Capital. Other investors participating in the round include Incred Wealth, Orzon, Integra Partners and Yuj Ventures. The company plans to use the fresh capital to expand Agent Foundry, Graas' platform for building autonomous agents. The agents are designed to solve operational challenges such as customer acquisition costs, pricing, margin management, and inventory optimisation for commerce brands in India and Southeast Asia. Graas AI offers agents such as "Chattr", a customer support tool powered by natural language processing, and "Extract", a solution for data engineers to deliver cleaned data directly into databases or Google Sheets. The company claims that its multi-agent framework enables autonomous performance analysis and decision-making for both direct-to-consumer (D2C) and marketplace brands. Graas runs under its holding company Solv and was cofounded by Prem Bhatia and Ashwin Puri. The company said it supports over 2,000 brands, has processed more than $1 billion in gross merchandise value (GMV), and operates across seven countries in the Bhatia highlighted the startup's focus on actionable agents rather than traditional dashboards. 'Commerce doesn't need another AI copilot or prettier dashboard. It needs agents that actually 'run' the play. We've spent two years building the data backbone, and now with Agent Foundry, we're helping brands act on it,' he said in a statement.
Time of India
13-07-2025
- Business
- Time of India
Indore-rooted investors in UAE show strong interest in MP projects
Bhopal: CM Mohan Yadav received a rousing reception from the Indian diaspora in Dubai on Sunday, with a group of prominent entrepreneurs, many with roots in Indore, expressing strong interest in investing in Madhya Pradesh. The Indori International Business Network (IIBN) organised a special event, which saw the participation of over 25 CEOs and more than 15 prominent entrepreneurs who expressed keen interest in investing in MP, and shared specific proposals, stated an official statement issued here on Sunday evening. IIBN is a licensed and well-established community of over 750 members in the UAE, comprising professionals from various fields including business, medicine, engineering, banking and education. Members of IIBN presented their investment ideas in detail to the chief minister. The core committee members — Ajay Kasliwal, Prem Bhatia, Anju Bhatia, Nilesh Jain, Manoj Jharia, Naseer Khan and Amit Shrinivas — shared that Indori expatriates in the UAE are enthusiastic about exploring investment opportunities in Madhya Pradesh and have confidence in the support and guidance offered by the state govt. Rs 1,000 cr proposal for sustainable city project Chartered accountant Praveen Mehta proposed a private-sector initiative worth Rs 100 crore for the care of senior citizens and a Rs 1,000 crore investment project to develop a zero-carbon Sustainable City in Madhya Pradesh. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Apply Now Undo Yadav said the state govt was already running dedicated welfare programmes for senior citizens whose children reside abroad. Proposal for foreign university campuses Anju Bhatia, CEO of Dubai-based Future Wise Education, proposed the establishment of foreign university campuses in Madhya Pradesh under the National Education Policy 2020. She emphasised that this would allow students in the state to earn international degrees while studying in their home region. Prem Bhatia, one of the first from Indore to settle in Dubai, shared that thanks to his early efforts, over 400 families from Indore are now successfully employed in the UAE. The CM appreciated the initiatives of the overseas Indian community and assured them of full cooperation from the state government. He reiterated that the Madhya Pradesh government is committed to providing a supportive and investor-friendly environment for non-resident Indian (NRI) entrepreneurs.
