One97 Mobility Fund has invested in Dexetra, the company behind Iris and the super cool Friday-app.
Mentions Vijay Shekhar Sharma, Founder of One97:
Narayan and his team put their Artificial Intelligence skills to create this personal search engine for your world. And then one day Siri (on iPhone 4S)happened. The Dexetra team had done AI , done web bot and now challenged them to launch their own version for Android just in 8 hours. They created it overnight, calling by reverse spelling of Siri i.e. Iris..Since then things have not been the same. With nearly a million downloads and 10s of millions of queries iris crates first global product out from Bangalore.
Our investment made months before is announced today and is a great reinforcement of opportunity to create world-class offerings out of India.
Investments like these strengthens the ecosystem – they are made primarily for the love of ‘this is super awesome product!’ than mulled over questions like ‘what’s your business model? How will you make money?”.
A big plus to One97 Fund and Dexetra for the funding.
