₹100 Cr AI Startup, Owner of Delv.AI Builds Millions: Pranjali Awasthi 16 Year Old Enterpreneur Success Story

Safalta Expert Published by: Vanshika Jakhar Updated Wed, 18 Oct 2023 09:28 PM IST

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25% Increase in the New Emerged Startups from the past year alone. This reveals for Every Upcoming New entrepreneur that Digital is changing Lives.

With her innovative startup, Delv. AI, the Indian teen residing in the U.S. is making a name for herself in the AI industry. A young businesswoman named Pranjali Awasthi set up Delv.AI in 2022, and in a matter of months, it has grown to be worth $12 million (Rs 100 crore). 
 

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Table of Content:
Pranjali Awasthi 16 Year Old Entrepreneur Success Story


Pranjali Awasthi 16 Year Old Entrepreneur Success Story

Early Life

Awasthi began coding at the age of 7. When she was 11 years old, her family relocated from India to Florida, opening up new opportunities for her like computer science classes and challenging math programs. Awasthi's entrepreneurial journey was launched by landing an internship at Florida International University's research labs. 

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Entrepreneurial Journey

She began the internship when she was 13 years old, right after ChatGPT-3 beta had just been released. Awasthi had the idea for Delv.AI at this time, and she began to consider how to use AI to extract and summarize data from the vast amount of online information. Another significant turning point in the high school student's journey came when she was accepted into a Miami-based AI startup accelerator program run by Lucy Guo and Dave Fontenot of Backend Capital. She experienced "exceptional success" after her Delv.AI was introduced on Product Hunt. It rose to become the third-best-selling item of the day. She attributes her love of technology and entrepreneurialism to her father. 

Awasthi also received investments from On Deck and Village Global owing to the accelerator program. Delv.AI has a current market value of Rs 100 crore after raising $450,000 in funding, or roughly Rs 3.7 crore.

 


About Delv. AI

Delv.ai is an AI-powered search platform for enterprise R&D. It helps researchers to efficiently access and extract information from large amounts of text data, such as scientific papers, patents, and market reports. Delv.ai can be used for a variety of tasks, such as:

  • Conducting literature reviews
  • Identifying new research opportunities
  • Generating insights from data
  • Writing research papers and reports

Delv.ai offers several features that make it a powerful tool for researchers, including:

  • Automatic document summaries: Delv.ai can automatically generate document summaries, saving researchers a lot of time.
  • Q&A chat sessions with your docs: Delv.ai allows researchers to ask questions about their documents and get answers back in real time. This can help researchers to find the information they need quickly.
  • Lightning-fast lit reviews: Delv.ai can help researchers conduct literature reviews faster than traditional methods.
  • AI-generated knowledge graphs: Delv.ai can generate knowledge graphs from text data, which can help researchers visualize and understand the relationships between different concepts.
  • AI-generated charts and graphs: Delv.ai can generate charts and graphs from text data, which can help researchers visualize and analyze their data.
  • Custom context: Delv.ai allows researchers to add custom context to their searches, which can help them to get more accurate results.
  • Save and export results: Delv.ai allows researchers to save and export their search results, which can help share with others or for future reference.
  • Fully compliant data privacy: Delv.ai is fully compliant with data privacy regulations, so researchers can be confident that their data is safe and secure.

Delv.ai is a relatively new platform, but it has quickly gained popularity among researchers in a variety of fields. It is a powerful tool that can help researchers to save time and be more productive.

Here are the benefits of the startup:

  • Save thousands of hours in redundant R&D tasks: Delv.ai can automate many of the repetitive tasks involved in research, such as literature reviews and data analysis. This can free up researchers' time to focus on more creative and strategic work.
  • Reduce the time spent processing data by 75%: Delv.ai can quickly and efficiently process large amounts of text data, which can save researchers a significant amount of time.
  • Democratizing access to fine-tuned AI assistance: Delv.ai makes AI accessible to researchers of all skill levels. This means that even researchers who are not experts in AI can benefit from its power.

Delv.ai is a valuable tool for any researcher who wants to save time and be more productive. It is a powerful platform that can help researchers access and extract information from large amounts of text data, generate insights from data, and write research papers and reports.


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While Pranjali's Indian parents still view education as important, she has chosen to put off attending college in favour of prioritizing her responsibilities and her love for her growing business. Pranjali plans to return to school in the future to pick up business skills that will help her on her entrepreneurial journey. Pranjali manages several facets of Delv.AI, from coding to operations and customer service, while leading a small but effective team.

 

What is an AI startup?

An AI startup is a company that focuses on developing and implementing artificial intelligence technologies and solutions for various industries. These startups typically aim to use AI to solve specific problems or create innovative products and services.

 

What are some common applications of AI in startups?

AI startups often apply artificial intelligence in areas such as natural language processing, computer vision, machine learning, and data analytics. They create solutions for tasks like automation, data analysis, chatbots, and personalized recommendations.

 

How do AI startups secure funding for their projects?

AI startups secure funding through various means, including venture capital investments, angel investors, crowdfunding, government grants, and accelerator programs. They pitch their innovative ideas and business plans to attract financial support.

 

What challenges do AI startups face in their early stages?

Challenges for AI startups can include talent acquisition, data quality and access, regulatory compliance, competition, and the need for significant initial investment in research and development.

 

Can non-technical founders start AI startups?

Yes, non-technical founders can start AI startups. They can partner with technical co-founders or hire AI experts to develop and implement the technology. Understanding the market and identifying business opportunities are also crucial for success.

 

Are AI startups primarily focused on software development?

While software development is a core component of many AI startups, some may also work on hardware, robotics, and AI-powered devices. The focus depends on the startup's specific goals and target markets.

 

What are some notable success stories of AI startups?

Some well-known AI startup success stories include DeepMind (acquired by Google), OpenAI, UiPath, and NVIDIA. These companies have made significant contributions to the field of artificial intelligence.

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