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

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

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.