AI-powered startup Daakia, focused on digital sovereignty, secures seed funding
Author: BI Bureau
New Delhi: Daakia Private Limited, an innovative AI-powered technology startup, is thrilled to announce the successful completion of its seed funding round, raising an undisclosed amount from a group of strategic investors.
The funding round was led by MD of Green Apple Enterprises Sasi Kumar Marasu, with participation from a few other angel investors. This significant investment will fuel Daakia's mission to provide citizen-centric services to make collaborations easier, effective and thus, achieve digital sovereignty.
Daakia Private Limited was founded on the belief that having a trusted communication platform is an essential aspect of our daily life and should not be complex. With the vast language barrier existing in India and globally, the platform aims to be intuitive and provide real time communication in user's regional language, for which a patent is also granted to the startup. With this latest round of funding, the company is poised to scale its platform to serve businesses and individuals globally, and provide a cost-effective Indian made solution alternative to WhatsApp and Zoom.
"We are incredibly excited to have the support of our investors as we embark on the next phase of our journey," said Animesh Kumar, Founder & CEO (ex-EY & IIFT alum) of Daakia Private Limited. "This funding will enable us to expand our team, enhance our technology, and reach more customers. While internet has brought people together, the world still struggles with linguistic boundaries. Through Daakia, one can have a meaningful conversation with anybody in the world in about 109 languages. We are committed to the exhortation of the honourable Prime Minister to "Code for Atmanirbhar Bharat", and truly believe in Vocal for Local and Go Global,” Kumar added.
Daakia's innovative approach to solving language barrier in the digital communications space has already garnered attention in the startup market. The company has been part of Google and MEITY’s (Ministry of Electronics & IT) Appscale Academy 2023 and is registered as MSME and as a Start Up with DPIIT.
"We believe that Daakia Private Limited has the potential to revolutionize the way businesses operate and transform the user experience with its intuitive communication platform," said Marasu. "We are excited to partner with Daakia on their journey to digitally sovereign India and be a preferred platform of choice for Indians,” he added.
With this new infusion of capital, Daakia is poised to scale its operations and accelerate product development.
About Daakia Private Limited:
Daakia Private Limited is a deep tech Indian startup in the field of Enterprise SaaS & Digital Communications focused on empowering businesses & individual to unlock the value of multi lingual communications. Founded in the year 2020, the startup is headquartered in Bengaluru, Karnataka. /BI/
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The exports of agricultural commodities from March to June 2020 shot up by 23.24 percent on-year to Rs 25,552.7 crores.
As the economy comes to a standstill amid the coronavirus-led lockdown, India’s agriculture sector has taken the baton of economic growth in its hands. The exports of agricultural commodities from March to June 2020 shot up by 23.24 percent on-year to Rs 25,552.7 crores, according to the Ministry of Agriculture & Farmers Welfare. The government said that self-reliant agriculture is critical for the goal of an Atmanirbhar Bharat and for this, agricultural export is extremely important as besides earning foreign exchange for the country, the exports help farmers, producers, and exporters to take advantage of the wider international market and increase their income.
The surge in exports has also resulted in increased production in the farm sector by increasing coverage area and productivity. The share of India’s agricultural exports and imports in the world agriculture trade in 2017 was 2.27 percent and 1.90 percent, respectively. Even during the difficult time of pandemic lockdown, India took care not to disturb the world food supply chain and continued to export, the government said.
Ministry of Agriculture has prepared a comprehensive action plan for the promotion of Agri trade; the twofold approach focuses on boosting Agri Export with emphasis on value addition and action plan for Import Substitution. Recently, the Agriculture sector has witnessed a series of reforms, giving more choices to the farmers to sell their produce at competitive rates.
To mention a few, the Export strategy focuses on the export promotion of fast-evolving niche markets of Wellness food/ Health-conscious food/nutraceuticals, Development of “Brand India” in campaign mode to help penetration into new foreign markets and of new products which automatically translates into higher value realization, Gulf countries have been identified as focus destination to increase the market share which is a strong market for India though presently India caters to only 10-12% share of their total imports. A product-market matrix has been made containing a list of products of strength that could be expanded in new geographies and a list of known markets which can be introduced with newer products.
At the behest of the Department of Agricultural Cooperation & Farmers’ Welfare, Ministry of Agriculture, product-specific Export Promotion Forums have been created to lead Agri exports to new heights. Each Export Promotion Forum shall be having exporters of the related commodity as its members along with official members representing concerned Ministries/Departments of the Central and State Governments. Chairman APEDA shall be the chairman of each of these forums. The forums will meet at least once every two months, to discuss recommendations on issues pertaining to the export.
The recommendations of the forum will be placed in the product committee / Authority of APEDA. The Forum will keep in close contact with the concerned organization of the Ministry of Agriculture such as MIDH, Extension, NPPO, etc., DGFT, Ministry of Civil Aviation, MoFPI, etc. to further the interest of agricultural export.
