Ryerson Futures, Chokhani Family office invest undisclosed sum in vPhrase

The Economic Times recently published an article about our investment in one of our startups. Find the excerpt of the article here..

PUNE: Ryerson Futures Inc. and the Chokhani family officehave co-invested in vPhrase, an artificial intelligence enableddata analytics and insight delivery platform. The firm is being accelerated at the Zone Startups India accelerator program. The investment saw participation from Mumbai based venture catalysts.

vPhrase is an artificial intelligence-based data analytics platform that helps businesses make their reports more easier to comprehend. vPhrase’s patent-pending platform, Phrazor, analyses data, derives insights and then communicates those insights, in words, in multiple languages.

Matt Saunders, President, Ryerson Futures Inc., Toronto, said, “We are very excited to be supporting vPhrase, and look forward to making connections for them not only in the Indian market through our accelerator program but also providing connections in the North American market in the media and financial services industries.” Zone Startups India (ZSI) is a joint venture between Ryerson Futures and the BSE Insitute.

Neerav Parekh, Founder, vPhrase, said, “vPhrase has benefited immensly being a part of ZSI accelerator and their decision to invest in us only adds to our confidence in what we are doing. Our continued association with ZSI will help us in our business development not only in India but also help us soft-land in the North American market.”

The company has already received funding from Centre for Innovation Incubation and Entrepreneurship (CIIE), Indian Institute of Management, Ahmedabad and the firm was a winner of the recently concluded ET Power of Ideas

It is currently working with two leading private Indian banks, as well as other companies in the insurance, brokerage, consumer internet and engineering space.

Ajay Ramasubramaniam, Director, Zone Startups India said, “We are thrilled with our first co-investment in a startup accelerated through the Zone Startups India accelerator program. vPhrase has built a technology which has use-cases across industries, and we have seen a lot of customer adoption over the past 6 months. We will continue to work with vPhrase, and help them build further.