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Our original founder, Saurabh Gupta, is a passionate innovator who spent over 12 years as a startup founder in three different startups, two of which were acquired by PE Fund and Times Internet respectively. Currently, he leads his VeriSmart.AI, his identity blockchain-based ad tech platform.
In 2017, he began his work to democratize data commerce and intelligence and protect privacy through blockchain. That’s when we realized how startups and enterprises are failing to increase their intelligence in this new era where Google has banned third-party cookies. There will be a domino effect of increased customer acquisition costs and increased digital products, services, and assets.
We launched blockchain-based KYC sharing in India in 2019 and later enabled blockchain-based data interoperability for our Digi Pass and Digi Travel platforms. To build a complete technology stack, VeriSmart AI acquired two of his companies: Insurance Platform and his Dolphinchat.ai, a conversational and generative AI platform.
“Unlike e-commerce, direct-to-consumer brands, Web3 platforms, the metaverse, and the digitization of processes, we have developed protocols and frameworks that enable data commerce between companies in a privacy-compliant manner. To ensure business continuity for data-rich businesses and help businesses comply with privacy by banning third-party cookies, we ensure that businesses do not transfer or share data with each other. We have built a digital public infrastructure that allows us to create cumulative data intelligence. “We continue to rely on Meta and Google’s monopoly to enable traditional businesses to work together and run faster, while at the same time increasing CAC.” and enable new businesses and leads to enter the market. This will be fully facilitated by our unique data protocols and blockchain framework,” says Saurabh Gupta. He is the CEO and founder of Verismart.ai.
Since 2017, the startup has accepted 34+ companies as data contributors as part of its framework, including top payment gateways, banks, travel platforms, food apps, OTT, telcos, and 90+ brands. has provided services as a data consumer. In 2023, he expanded the startup’s data contributors from his 67 million users in 2022 to his 520 million users. However, VeriSmart AI’s revenue was down 30% compared to last year, when it was growing 350% year over year. Gupta stock has kept the startup profitable with his EBITDA positive over the past three years.
“His passion for solving problems and tenacity for ideas drove him to build for India for more than a decade, a decade in which India aims to become the third largest economy. This decade of new possibilities will be India’s decade. As a growing entrepreneur, I will do everything in my power to continue contributing to this vision,” he concluded. . As his entrepreneurial journey continues, Mr. Gupta has invested in seven of his startups so far and actively contributes as an expert in the field of Blockchain, AI, Data and Privacy in government and non-government platforms. By doing so, we have made a small contribution to the ecosystem.
Fact sheet:
Number of employees: 61 people
Year of start. 2017
External investors: Linkedin co-founder Reidhoff Mangsa, Sosv
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