AI Kavach is an online fraud prevention startup featured in Shark Tank. This article tells you about AI Kavach founder, ai kavach app, ai kavach shark tank app, ai kavach pratyusha, ai kavach CEO, ai kavach net worth, and a lot more.
|Founder and CEO
|Preventing online frauds
|2 Advisory Authorities
|Peyush Bansal and Aman Gupta
|Shark Tank India – Season 3
AI Kavach – About the Company
Is your phone listening to you?
Imagine when you are sitting with your friends in a coffee shop and having a chat about some gadget, after some time you’re getting advertisements for the same gadget on your phone! This is very normal these days and someone is keeping an eye on your actions, they can be Social Media Giants or e-commerce companies and they know you more than your Soulmate.
When Peyush Bansal asked this question to Pratyusha regarding the same?
She replied 100% your phone is listening to your conversations, whenever she used to talk with her husband that they wanted to go to India suddenly the ads for Flight tickets were showing.
India has 70 Crores Active Internet Users in India, 1 out of 2 have fallen into cyber frauds last year. To fight against all these scams and frauds, making your digital world more safe they have developed this company called “AI KAVACH”
AI Kavanch is an Artificial intelligence-powered, Patented, and multi-award-winning solution that Protects users from Fraudulent Calls and fraudulent Websites, and Detects Fraudulent Apps, Messages, and Apps with excessive sensitive permissions. They are now going to ex[and on the upi and credit card fraud detection.
AI Kavach was launched in Sep 2023, They have 20K Subscribers, and 1500 Paid users, and successfully caught 200 Fake messages and frauds.
Specific Target Problem of AI Kavach
Calls, Messages, and Websites contribute to 70% of Fraud Cases.
Websites are the most critical you can land on the website from anywhere, Here AI Kavach detects the URL in Real-Time and then AI algorithms are run on it to detect the fraud score, if the score is above 80% then an alert is triggered.
AI Kavach Features
AI Kavach has an accuracy of 96%.
AI Kavach has trained its algorithm for millions of websites, millions of good and millions of bad websites. They have detected 40+ Features
USP – They have filed a patent in India for its algorithm.
Subscription – AI Kavach only cots for Rs 99 per year. So the affordability is there which can lead to its adoption by users to a large extent.
AI Kavach is targeting the B2B Model – Business to Business, as the Fraud Protection market is Rs 58000 Crores (7 Billion Dollars).
About the founder – Pratyusha Vemuri Venkata
Pratyusha Vemuri Venkata is the founder of Panoplia – AI Kavach. She did her bachelor’s in Computer Networks and pursued a master’s in Computer Security.
She was an ex-head of Security at Microsoft, and in the last 20 years, she has been staying in the United States. Later she joined Cisco and then in multiple companies, last in Microsoft.
She moved to India in 2021, and when she ordered a swing from an online website at that time she got scammed coming from a security background she checked all the basic measures like SSL, Contact information, and a lot more but then she felt that if she can get scammed then anyone else can also face the same.
AI Kavach asks for funding in Shark Tank 2024
AI Kavach wants to make every click of the user on the Internet safe and secure. They have asked for funding of Rs 50 Lakhs for 1.25% Equity at a valuation of Rs 40 Crores.
Aman offered Rs 50 Lakhs for 4% Equity at the valuation of 12.25 Crores.
She has a different vision and appreciates Pratyusha. She suggested finding a customer proposition and for this reason, she is out.
She feels that Pratyusha is building something great and Aman can help her more in building what she wants to do. For this reason, she is out.
Ritesh finds that Pratyusha needs time to figure out if she wants to go in B2B or D2C, In B2B She has a talent but he is not able to figure out the business, for the same reason he is out from the pitch.
Peyush said she does not need to think between B2B and D2C, as the AI Model she is building it constantly needs to learn. He is very excited about the offer and helped her build a great tech company so he offered.
Rs 50 Lakhs for 1.25% Equity at the valuation of 40 Crores with an advisory committee power.
After listening to the offer, Aman Gupta revised the offer and matched the valuation of Peyush Bansal
AI Kavach – Shark Tank India 2024 Deal
Pratyusha came back with a revised offer in which She asked Rs 50 Lakhs at 1.25% Equity + 1.25% Equity for the Advisory Committee to Peyush Bansal, and Rs 50 Lakhs at 1.25% Equity + 1.25% Equity for the advisory committee to Aman Gupta.
However, She took Rs 1 Crore for 2.5 Equity + 2.5% Advisory Equity.
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