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Indian AI startup Unikon.ai, co-founded by Aakash Anand in 2024, is shifting to a direct-to-consumer model due to high cash burn, with monthly expenses reaching 2 crore rupees (US$230,758). Anand expressed that achieving profitability may take time, but he remains optimistic based on his previous D2C successes. The company secured 16 crore rupees (US$2 million) in seed funding in June 2024 from notable investors, emphasizing its commitment to a sustainable business model.
Karnataka Industries Minister MB Patil expressed the state's commitment to attracting investments after Lenskart's CEO, Peyush Bansal, sought a 25-acre site for a mega factory near Bengaluru. This follows Carl Zeiss India's announcement of a 34-acre vision factory nearby, promising 5,000 jobs with a Rs 2,500 crore investment.
Peyush Bansal
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Indian AI startup Unikon.ai pivots to direct-to-consumer model amid cash burn
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Nikhil Kamath
Peyush Bansal
Aakash Anand
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04:15 18.03.2025
lenskart chooses telangana over karnataka for mega factory investment
09:43 09.12.2024
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