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Othor AI secures $30,000 pre-seed funding

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Unni Koroth (left) and Nekender Shekhawat, founders of Othor AI

Othor AI, the second startup venture from entrepreneur Unni Koroth, has raised $30,000 in pre-seed funding. The investment round was led by friends and angel investors from the startup ecosystem, including the Kerala-based investors Narayan Babu and Thomas Mathew.

Founded by Unni Koroth and Nekender Shekhawat in September 2024, the Bengaluru-based Othor AI delivers specialised vertical AI agents designed for daily business decisions and planning.

Koroth, Chief Executive Officer of Othor AI, said, “We are thrilled to have the support of such experienced investors as we bring our solution to market. This funding will help us refine our product based on early user feedback and accelerate our go-to-market strategy.”

Launched in January 2025, Othor AI’s beta version has already received positive market reception. This early funding will enable Othor AI to expand its market presence and further develop its innovative platform, he said.

The company positions itself as an AI-native, fast, simple, and secure alternative to conventional business intelligence and planning solutions currently available in the market.

Koroth, along with his childhood friends, had founded the edu-tech startup Foradian in Mangaluru in 2009. After exiting Foradian in 2019, Koroth spent three years at Whatfix before embarking on his newest entrepreneurial journey with Othor AI.

Published on February 18, 2025



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Funding & Business

Restructuring Pressure Rises in Italy and Nordics, BCG Says

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The number of firms under pressure to overhaul or restructure their businesses has risen sharply in Italy and the Nordics, putting both large companies and their supplier networks at risk, according to a report by Boston Consulting Group.



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WNBA Liberty's Valuation Fuels Barclays Center Expansion

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After spending about $3.3 billion to gain control of a Brooklyn-based sports empire, owners Joe Tsai and Clara Wu Tsai have won their first title. Now they want to keep expanding. BSE Global, the parent company of the Nets, Liberty and Barclays Center that the Tsais acquired in 2019, has a strategy to make Brooklyn a bigger destination, which will help build a larger fanbase.
The expansion initiative is eclectic, including a wine club, online magazine and potential investments in nearby performance venues, and eventually restaurants and hotels. The Tsais will also shift their focus to another team that needs attention- The Brooklyn Nets. Sam Zussman aims to build on that. He joined BSE as CEO two years ago after more than 15 years at IMG, a conglomerate that includes a media company and events manager. Zussman joins and Bloomberg News Global Business of Sports Reporter Randall Williams to discuss what’s next for Brooklyn sports. (Source: Bloomberg)



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Exxon Sees $1.5 Billion Earnings Hit From Lower Oil, Gas Prices

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Exxon Mobil Corp. expects lower oil and gas prices to reduce the company’s earnings by about $1.5 billion as a volatile quarter for commodity prices weighs on second-quarter profits.



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