Pi31 (AIRIM) Valuation

Abstract

Pi31 Labs Private Limited was initiated by two BITS Pilani graduates. Sujoy Chaudhary and Samvit Majumdar incubated this company in NSRCEL: The entrepreneurship cell of IIM Bangalore. NSRCEL helped the startup by involving them in their launchpad program. NSRCEL provided Infrastructure, mentors, workshops and the peer network which helped Pi31 to grow at amazing rates. Pi31 Labs Private Limited got incorporated on 07 November 2016 with Registrar of Companies office at India. Their flagship product is ‘AIRIM’. In the words of one of the co-founders, “It is basically a website widget. If someone is on a website and they feel lost they can navigate without typing or even without speaking. There are a lot of ways to interact with the consumer for a brand and lot of interfaces are being developed.” Currently, AIRIM is used over 3 million times a day in self-service first companies globally. Now the company is planning to expand its user base by pitching AIRIM to new clients.