Pine Labs-owned Setu's revenue jumps almost 2.5X, loss narrows

Quick Summary:

The startup, co-founded by Nikhil Kumar and Sahil Kini in 2018, was acquired by Pine Labs in June 2022 in a deal reportedly worth $70 million.

In May this year, the company, in collaboration with Sarvam AI, launched India's first large language model (LLM) for the banking, financial services and insurance (BFSI) sectors, called Sesame.

Its APIs are currently used across industry verticals including startups, retail enterprises, banks, insurance, and lending companies.

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Article Details

Author / Journalist: Aparajita Saxena

Category: StartupsEconomyBusiness

Markets: India

Topics: Labs Loss Setu Year Privacy Revenue Services Startup Policy Crore Pine

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 07:26:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 250 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 16 words per sentence (average)

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Copyright Owner: © YourStory

News ID: 23547113

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