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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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“Nigerian Clubs Must Build Sustainable Revenue Beyond Matchdays”- Yisa Jamiu Reveals

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As debates continue over the financial sustainability of Nigerian football, sports enthusiast Yisa Jamiu has identified the inability of clubs to generate consistent revenue beyond matchdays as the biggest commercial challenge confronting teams in the country.

Speaking in an interview with Sports247, Jamiu argued that while sponsorship remains important, many clubs in the Nigeria Premier Football League (NPFL), Nigeria National League (NNL), and football academies have failed to develop the commercial structures necessary to attract long-term investment and achieve financial stability.

Read Also: Behold the Talking Points, Expectations as NPFL Unveils Kick-Off Date for 2026/27 Season | Sports247 Nigeria

According to him, the overdependence on government funding remains one of the major obstacles hindering the growth of Nigerian football.

“The biggest commercial challenge facing clubs in the NPFL, NNL, and academies is the inability to build sustainable revenue beyond matchdays,” Jamiu said.

“Many clubs rely heavily on government funding. Poor marketing, weak branding, limited media exposure, and low fan engagement have also contributed to the financial struggles of most teams.”

The sports enthusiast noted that many clubs lack a clear commercial identity and long-term vision that can attract investors, sponsors, and supporters.

He further observed that most clubs share similar objectives centred solely on winning trophies rather than building strong and sustainable football institutions.

“Most teams have virtually the same vision and mission: ‘We want to win the league.’ That seems to be the primary focus of everyone,” he said.

Jamiu stressed that modern football requires clubs to think beyond results on the pitch by creating brands that supporters can connect with and by developing alternative sources of income through merchandising, partnerships, media rights, and community engagement initiatives.

He also called on club administrators to adopt more professional business models capable of generating revenue independently rather than relying almost entirely on government allocations and the personal finances of club owners.

According to him, it is time for Nigerian football stakeholders to shift their attention toward building commercially viable football institutions that can compete sustainably both on and off the pitch.

The comments once again highlight the growing conversation around the need for structural reforms in Nigerian football, with experts increasingly advocating for better governance, stronger branding, and innovative revenue-generation strategies to ensure the long-term survival and growth of clubs across the country.

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APC unveils Sharafadeen Ali as Oyo guber candidate

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The All Progressives Congress, APC, has formally presented Sharafadeen Ali and Adesoji Adedeji as its governorship and deputy governorship candidates for the 2027 election in Oyo State.

The unveiling ceremony took place in Ibadan on Thursday, less than 24 hours after the party’s national headquarters in Abuja uploaded their names on the portal of the Independent National Electoral Commission, INEC.

The event effectively ended speculations surrounding the possible replacement of some candidates’ names and attracted candidates contesting various elective positions under the APC platform.

Party leaders, stakeholders and supporters were also present at the ceremony, where the candidates were officially introduced ahead of the 2027 governorship election.

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