“How KonProz Used Generative AI to Raise $700K in Delhi NCR”

KonProz, an innovative Generative Artificial Intelligence (GenAI) startup, has secured a funding round totaling $700,000, spearheaded by Dr. Ruchi Parekh, RDB Group, and a consortium of angel investors.

This investment injection serves as a catalyst for KonProz’s endeavor to revolutionize the landscape of legal, tax, and regulatory practices. Leveraging Generative AI, the startup aims to streamline the process of navigating extensive legal knowledge bases and crafting deliverables efficiently.

Headquartered in Delhi NCR, KonProz also maintains a presence in Bhubaneshwar, Odisha, further solidifying its footprint in key strategic locations.

What’s the Aim of the Fundraising?

The objective behind the fundraising initiative is to bolster the startup’s endeavors in developing cutting-edge Generative AI intellectual property tailored for the legal sector. Additionally, the raised capital will facilitate team expansion and operational scaling, enhancing KonProz’s platform functionalities and reach.

Empowering Professionals with Responsible Generative AI Tools

Shiladitya Dash and Piyush Chopra, the visionaries behind KonProz, are dedicated to pioneering generative AI solutions that empower professionals. Their mission? To equip individuals with the tools needed to effortlessly navigate legal, tax, and regulatory complexities, ensuring efficiency and compliance.

“We’re excited about securing this investment, a testament to our investors’ trust in our vision and capabilities. With this funding, we’re poised to elevate KonProz GPT’s capabilities, redefining excellence in legal and tax technology,” expressed the founders.

What Does KonProz Offer?

KonProz introduces its groundbreaking solution, ‘KonProz GPT’, renowned as the world’s premier GenAI tool meticulously trained on India’s tax, legal, and regulatory frameworks.

Since its phase 1 launch in November 2023, KonProz has garnered a robust user base exceeding 2,000 active professionals, comprising top-tier talent from the Big4s and Tier 1 law firms.

With an unwavering commitment to innovation, KonProz endeavors to expand its product portfolio, solidifying its dominance as the foremost authority in Legal AI advancements.

Feedback from Investors on KonProz

Dr. Ruchi Parekh, an accomplished leader in neuroscience and project management, expressed enthusiasm for KonProz’s innovative offerings, stating, “KonProz GPT is poised to revolutionize legal and Generative AI. I’m excited to contribute to this journey, confident that their pioneering solutions will positively transform traditional approaches to navigating legal, tax, and regulatory landscapes.”

Vinod Dugar, Co-Promoter of the RDB Group, commented, “We prioritize investments in ventures that unlock significant potential in emerging sectors. KonProz’s revolutionary GenAI solutions perfectly align with our commitment to innovation and excellence.”