Funding & Business
Phot.AI: Phot.AI bags $2.7 million in seed funding
MUMBAI: Phot.AI, an AI-driven creative automation platform, has raised $2.7 million in seed funding led by Info Edge Ventures. The investment was also backed by Together Fund, AC Ventures, and a clutch of more than 50 angel investors, the company said in a statement on Thursday.
The funds will be used to expand the team, invest in R&D and support new launches.
Founded in 2023 by Venus Dhuria, Aneesh Rayancha, and Akshit Raja, Phot.AI automates creative design and marketplace listings for ecommerce, brands and retail. Its AI agents are trained to learn which designs work best for different product categories and marketplaces. This automation, the startup claims, reduces manual effort and costs by up to 80%, accelerating brands’ go-to-market strategies.
“Our AI-powered platform removes the need for design skills or rigid templates, allowing businesses to generate customised content for different platforms and audiences effortlessly,” said co-founder Dhuria.
Mikio Okumura, Group CEO at Sompo Holdings, discusses the insurer’s business strategy and sees potential acquisitions opportunities in the US, Canada, Europe. He speaks with Shery Ahn and Haidi Stroud-Watts on “Bloomberg: The Asia Trade”. (Source: Bloomberg)
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President Trump has said he would put an additional 10% tariff on any country aligning themselves with “the Anti-American policies of BRICS.”
Speaking to Bloomberg’s Insight with Haslinda Amin, Indian School of Business Professor Nirmalya Kumar says countries should wait and watch to see if the President’s latest threat will actually materialize. (Source: Bloomberg)
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Alaa Bushehri, head of Emerging Market Debt at BNP Paribas Asset Management, says she finds attractive valuations in local currency debt in India and Indonesia. She also sees similar opportunities in a number of Latin American, jurisdictions including Brazil and Mexico. She discusses the market outlook with David Ingles and Yvonne Man on “Bloomberg: The China Show.” (Source: Bloomberg)
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