Connect with us

News

Indian tech tycoon bets $30M of his own money to build AI alternative to Microsoft Office

info

Published

on

GettyImages 1452604857.jpg

Indian serial entrepreneur Bhavin Turakhia is making a $30 million personal bet that there is still room for another enterprise AI company. His new venture, Neo, is built on a simple premise: workplace software designed before the AI era cannot simply be upgraded with chatbots — it has to be redesigned from the ground up.

Turakhia, 46, is no stranger to ambitious enterprise technology bets. Over the past two decades, he has co-founded companies including Directi, Radix, Titan, and banking software firm Zeta, largely backing them with his own cash before bringing in outside investors. He’s doing the same with Neo.

Turakhia told TechCrunch he is bootstrapping this much money because he believes AI marks a technology shift significant enough to justify rebuilding workplace software from scratch.

“If you want to build an iPhone, you can’t take the parts of a Nokia and somehow convert it into an iPhone,” he said.

Launched internally in April this year, Neo is an enterprise work platform that combines project management, documents, file storage, and AI into a single product. The goal, Turakhia said, is to make AI an active participant in day-to-day work rather than just another assistant employees turn to separately.

Turakhia argued most incumbents face a structural disadvantage when adding AI to products designed before generative AI. Neo, he said, was designed from the ground up for AI and is model-agnostic, allowing enterprises to switch between AI models rather than being tied to a single provider.

He’s not alone in thinking this way. Investor Chamath Palihapitiya initially launched enterprise AI coding venture 8090 with his own capital before raising a $135 million funding round this week.

Still, Turakhia’s bet comes as enterprise AI has emerged as one of the most competitive areas in technology. Microsoft, Google, and Salesforce are embedding AI across their workplace software. Meanwhile every startup from the giant labs like Anthropic and OpenAI, to the productivity companies like Notion and Superhuman are racing to reshape how businesses use AI in their daily workflow.

Turakhia argued enterprise software has never been a winner-takes-all market, saying even a small share of global enterprise AI spending would represent a sizeable company.

“Even if we end up with 2% to 5% market share, that’s larger than anything I’ve built so far,” he said.

For the past few months, Neo has been in internal use across Turakhia’s companies, including Zeta. The company plans to begin rolling out the software to mid-sized businesses in the coming months, initially targeting knowledge workers across technology, consulting, and professional services firms.

Turakhia said Neo’s initial platform was built in three months, with AI extensively used in the development process, work he estimates would have taken more than a year with a much larger engineering team before generative AI.

The Bengaluru-based startup currently employs about 45 people, including 18 engineers. Turakhia told TechCrunch that it expects to grow to around 100 employees by the end of the year, with most new hires focused on AI and software engineering.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Cross River Ikan Sports Fight Back To Beat Gateway Horns 25-19 In Showtime Bowl Series XV Flag Football

info

Published

on

WhatsApp Image 2026 09 27 at 5.22.03 PM.jpeg

Cross River Ikan Sports bounced back from their heavy opening-week defeat with a spirited second-half performance to beat Gateway Horns 25-19 in Week 2 of the Showtime Bowl Series XV Flag Football season at Showtime Arena on Sunday.

After suffering a 56-13 defeat to Lagos Rebels in Week 1, Ikan Sports needed a response and made the perfect start when quarterback Timothy Atibile connected with Praise Miene for a 28-yard touchdown to establish a 6-0 lead.

Read Also: Rivers Alphas Bounce Back, Edge Delta Braves 31-24 In Showtime Bowl Series XV Flag Football Thriller | Sports247 Nigeria

Gateway Horns, however, gradually found their rhythm. Awosika Oluwafikunmi found Adewole Mosimiloluwa for the tying touchdown before connecting with Odimbu Awele Gift for another score. A successful extra point to Mosimiloluwa gave the Horns a 13-6 advantage.

Ikan Sports immediately hit back through one of the biggest plays of the contest as Atibile connected with Abayomi Agbayewa for a 45-yard touchdown, reducing the deficit to 13-12 before halftime.

Gateway entered the break with the narrow advantage, but Ikan Sports turned the contest around in the second half, scoring 13 points while restricting the Horns to six to complete a 25-19 comeback victory and secure their first win of the season.

Praise Miene was named Match MVP after finishing with 33 receiving yards and a touchdown, earning a 7.4 rating. Atibile also played a central role in the victory and topped the fantasy standings with 4.3 points, while Gateway quarterback Oluwafikunmi recorded 4.0.

The result represents an important recovery for Cross River Ikan Sports following their difficult Week 1 outing, while Gateway Horns will be left disappointed after surrendering a 13-12 halftime advantage.

For Ikan Sports, however, Week 2 delivered exactly what they needed — a response, a comeback and their first victory of the Showtime Bowl Series XV campaign.

Continue Reading

News

2027: Labour Party chieftain, Eze raises alarm over economic hardship in Nigeria

info

Published

on

A chieftain of the Labour Party LP Dr. Ezeh Emmanuel Ezeh.jpg

A chieftain of the Labour Party, LP, in Ebonyi State, Ezeh Emmanuel Ezeh, has raised the alarm over the rising cost of living in the country under the ruling All Progressives Congress, APC, while also criticising the economic policies of the federal government,

He expressed worry that the economy has negatively impacted the purchasing power of many households and deepened hardship across the country.

In a statement issued on Sunday, Ezeh described the situation as a progression from “broken pockets” to “broken dreams” and ultimately “broken homes and a broken society.”

He attributed the widespread economic and social distress to policy failures and inadequate accountability under the APC administration of President Bola Tinubu, noting that the consequences of economic hardship are no longer confined to household finances, but are increasingly affecting businesses, employment, family stability and Nigerians’ confidence in the future.

Recommended

“Broken pockets, broken dreams, broken homes, broken society. That is the apt description of everyday life in Nigeria today,” Ezeh said.

He argued that the removal of petrol subsidy and other economic reforms introduced by the Tinubu administration had imposed substantial short-term pressures on households and businesses.

President Tinubu announced the end of the petrol subsidy at his inauguration on May 29, 2023, while his administration has consistently defended the measure as necessary to address fiscal pressures and redirect public resources towards infrastructure and social development.

But Ezeh said the immediate burden of the reforms had been particularly severe for low-income households, small businesses and young Nigerians struggling to secure employment.

The Labour Party chieftain expressed concern over the impact of the economic environment on businesses and employment, citing the closure or downsizing of some retail outlets and enterprises.

“When pockets are broken, dreams are broken too. And when dreams are broken, the family becomes the next casualty,” he said.

He alleged that many Nigerian households were now being forced to make difficult choices between food, healthcare, education, transportation and other basic necessities.

Recall that in his third-anniversary address in May 2026, President Tinubu said the country had faced mounting fiscal pressures, unsustainable fuel subsidies, declining revenues, exchange-rate distortions, rising debt-servicing costs and energy constraints when his administration assumed office.

The President acknowledged that the reforms had imposed significant sacrifices on families, workers and businesses, but argued that they were necessary to stabilise the economy and establish the foundation for long-term recovery.

Recent data published by the National Bureau of Statistics also show that Nigeria’s economy recorded real GDP growth of 3.89 per cent year-on-year in the first quarter of 2026, while the latest inflation figures displayed by the agency put headline inflation at 15.39 per cent and food inflation at 19.57 per cent under the rebased Consumer Price Index.

Ezeh, however, maintained that macroeconomic indicators must ultimately translate into improved living conditions for ordinary Nigerians.

He challenged political leaders in the South-East, including those supporting President Tinubu’s re-election bid, to make the interest of citizens central to the political debate ahead of 2027.

“Senator Pius Anyim, Senator David Umahi, Professor Charles Soludo, Senator Orji Uzor Kalu, Governor Hope Uzodimma and every other influential South-East political leader have the democratic right to support any candidate or political alignment they consider appropriate.

“Citizens, however, possess an equal democratic right to scrutinise those choices.”

Ezeh said the 2027 political debate should go beyond zoning, ethnic calculations and political alliances to focus on policies capable of addressing unemployment, enterprise development, security, infrastructure and accountable governance.

He also urged Nigerians to examine the records and policy proposals of political parties and candidates before making their electoral choices.

“The real question is which policies, alliances and leadership decisions offer Nigerians, including Ndigbo, credible prospects for jobs, enterprise, security, infrastructure and accountable governance,” he said.

Ezeh maintained that the 2027 election should provide Nigerians with an opportunity to assess competing visions for the country’s future.

He said rebuilding public confidence would require leadership that treats governance as a responsibility rather than an entitlement.

“A nation does not die only when its economy fails. It dies when its people stop believing that tomorrow can be better than today,” Ezeh said.

He called for greater institutional accountability, economic policies that protect vulnerable citizens and a political culture centred on service, inclusion and measurable development.

Ezeh said the task before Nigerians in 2027 would therefore extend beyond changing political office holders to determining the policy direction, institutional priorities and leadership standards that would shape the country’s next phase of development.

Continue Reading

Trending