Enixta launches online product discovery platform's AI engine wades through over one million user reviews, currently being mined from various sources

BS Reporter Hyderabad

Enixta Innovations, a Hyderabad-based artificial intelligence (AI) technology startup, on Wednesday launched, an online product discovery platform that uses AI and proprietary algorithms to recommend the best mobile phones.
Enixta was founded by Giridhari Devanathan, formerly with PayPal, Nokia, Yahoo! and EBay, in 2014. The company had so far raised $1.5 million from family and friends, of which it has spent Rs 2 crore on developing the platform.
“ went alpha in February this year. We expect the platform to witness over one million hits, generating leads worth Rs 1 crore to our ecommerce partners in the next six months,” chief executive officer Devanathan told mediapersons here on Wednesday.

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Spoonjoy raises $1 mn’s AI engine wades through over one million user reviews, currently being mined from various sources, 50,000 phone specifications, 5,000 phone variants and 1,000 phones produced by 160 mobile brands to help users compare, choose and buy.
“We have partnered ecommerce players like Flipkart, Snapdeal, Amazon and Naaptol. will receive 10 per cent to 20 per cent commission on every productive transaction that it generates leads for,”he said.
Stating that would expand its catalog to tablets, laptops, restaurant listings, cameras and automobile in near future, Devanathan said the company was in the process of launching native apps on iOS, Android and Windows platforms within the next three months.

First Published: May 06 2015 | 8:49 PM IST

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