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

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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.

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Troops detain terrorists’ logistics suppliers, recover weapons in southern Kaduna

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Troops of the Special Task Force, Operation Enduring Peace (JTF-OPEP) on Monday detained six suspected logistics suppliers to criminals and recovered weapons in the Samaru, Zangon Kataf Local Government Area (LGA) of Kaduna State.

Polycarp Oteh, the media officer of JTF-OPEP, disclosed this in a statement issued on Monday.

Mr Oteh disclosed that the suspects were intercepted and subsequently arrested by troops while travelling from Plateau to Niger State.

“Troops of our Sector 7 in Samaru, Zangon Kataf LGA of Kaduna state, while conducting stop and search operations at a checkpoint, successfully intercepted terrorists’ logistics suppliers, recovered weapons and arrested suspects who were travelling from Jos in Plateau to Niger state.

“The operation conducted at about 9:40 a.m. on Monday was part of the ongoing decisive and offensive posture of troops, aimed at disrupting criminal elements and denying terrorists freedom of action within our joint operations area.

“During the operation, troops successfully intercepted and arrested six suspects travelling on an ash-coloured Mercedes-Benz with registration number: EDO GUE-722-LV.

“Items recovered included three AK-47 rifles, four sub-machine guns and a Mercedes-Benz car,” he said.

The media officer, who said the suspects had begun making confessions, added that investigations were still ongoing.

“Meanwhile, during the encounter, one of the suspects attempted to flee and was immediately immobilised.

“He is currently stable and cooperating with the ongoing investigation,” he said.

Mr Oteh said the recovered items and suspects were currently in custody for detailed interrogation.

(NAN)

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Osun at crossroads, Adeleke, Oyebamiji others will sign peace accord – ODA

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Indigenes of Osun State in the diaspora, under the auspices of the Osun Development Association (ODA), have declared that the governorship candidates of political parties contesting in the forthcoming election in the state will sign a peace accord ahead of the poll.

ODA noted that this is necessary in view of the prevailing situation in the state and to prevent a breakdown of law and order.

The group explained that the current governor and Accord candidate, Senator Ademola Adeleke; the All Progressives Congress (APC) candidate, Mr Bola Oyebamiji; the Action Alliance candidate, Olanrewaju Farinloye; the African Democratic Congress (ADC) candidate, Najeem Salaam; the African Action Congress (AAC) candidate, Esan Olajide; and other candidates will sign the peace pact.

Chairman of ODA’s Leadership and Governance Committee, Dr Tunji Olugbodi, made the declaration in a statement heralding the planned summit where candidates of the political parties will sign the peace accord to prevent violence before, during and after the election.

Olugbodi, in the statement made available to DAILY POST on Monday evening, explained that the state is currently at a critical democratic crossroads.

He said the summit, with the theme, “Speak, Choose, Hold Accountable: Citizens at the Centre of Osun’s Democracy,” is billed to take place in Osogbo because it is necessary to commit all the major stakeholders to a peaceful electoral process.

Olugbodi added that the group believes the state can set a national benchmark for peaceful, credible elections.

The summit is expected to bring all stakeholders in the electoral process under one roof to chart a way forward in order to prevent any uncertainty before, during and after the election.

Olugbodi said, “Osun State is at a critical democratic crossroads. The Osun Development Association (ODA) has finalised arrangements to host the Osun 2026 Democratic Governance, Peace and Electoral Integrity Summit, a high-level civic intervention designed to steer the state’s political discourse toward issue-based campaigning and away from rising tension ahead of the August governorship election.”

ODA Chairman, Dr Segun Aina, in his contribution, noted that the collective participation of all stakeholders is necessary for the forthcoming election.

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