Yatendra Kaushik Raises 1.5 Million AED (Approx. 3.25 Crores INR) for his AI Startup InnoveBots AI in Dubai

Yatendra Kaushik, a tech entrepreneur and alumnus of IIT Ropar, has secured 1.5 million AED (approximately 3.25 Crores INR) in pre-seed funding for his AI startup, InnoveBots AI. The funding was raised during the Expand North Star Summit, the world’s largest startup-investor connect event, held in Dubai from October 13 to October 16. This round values the company at an impressive 12 Crore INR.

InnoveBots AI is a pioneering venture focused on designing utility-based AI software that simplifies the integration of artificial intelligence into daily tasks and business operations. With this funding, Yatendra aims to expand the company’s development team, enhance its product portfolio, and accelerate market penetration. “This funding is a milestone for InnoveBots AI, and it reflects the confidence investors have in our mission to democratize AI tools,” said Kaushik.

Yatendra is no stranger to entrepreneurial success. He is also the founder of TechNet Ventures, a thriving LMS (Learning Management System) company that he bootstrapped in 2021. Today, TechNet Ventures is a leading player in the edtech space, recognized for its innovative solutions and consistent growth.

Reflecting on his journey, Kaushik remarked, “Building TechNet Ventures taught me the importance of delivering value through technology. With InnoveBots AI, we aim to go a step further by bringing AI-powered tools to the fingertips of users worldwide.”

Official Website