• About
  • Contact
Sunday, January 24, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home Internet

Reliance Jio Digital Services Will Be Now Known As Jio Haptik Techologies

Pritish raj by Pritish raj
October 12, 2019
in Internet, News, Tech
2 min read
0
Jio Haptik- Next Big Brand

Jio Haptik- Next Big Brand

Share on FacebookShare on Twitter
  • Reliance Industries Ltd., which acquired 87 percent stake in artificial intelligence (AI) chatbot company Haptik Infotech Pvt Ltd this April through its subsidiary Reliance Jio Digital Services Ltd (RJDSL), has changed its name to Jio Haptik Technologies Ltd.
  • RJDSL purchased the stake in Haptik Infotech for the purpose of buying the stake in Haptik Infotech. Haptik founders and workers hold the equilibrium stake by stock option grants.

Reliance Jio Digital Services Ltd (RJDSL) is now Jio Haptik Technologies Ltd. Reliance Industries Ltd., which acquired 87 percent stake in artificial intelligence (AI) chatbot company Haptik Infotech Pvt Ltd this April through its subsidiary Reliance Jio Digital Services Ltd (RJDSL), has changed its name to Jio Haptik Technologies Ltd. RJDSL purchased the stake in Haptik Infotech for the purpose of buying the stake in Haptik Infotech. Haptik founders and workers hold the equilibrium stake by stock option grants.

The investment was made to help Reliance Jio Infocomm Ltd leverage the capabilities of Haptik to create India’s largest speak, voice, and vernacular assistant, RIL said in April.

In September, Haptik had acquired Buzzo.ai, a conversational market start-up based in Mumbai for about $3-4 million. Buzzo.ai is a forum for developing a professional e-commerce conversational shopping experience.

Swapan Rajdev, co-founder and CTO of Haptik, said, in the statement, “Over the last 18 months, we have been primarily focused on customer service AI solutions. But given our mission to enable the paradigm shift from clicks to conversations, commerce was always the next frontier.”

This was second acquisition by Reliance Jio of this fiscal. Haptik, headquartered in Mumbai, acqui-hired Convrg in July, a company based in Los Angeles that builds chatbots to support North American customers in July. The acquisition allows Haptik to improve voice and chat business solutions and exploit multilingual interactions through the web.

Buzzo.ai helps an AI assistant to understand the needs of a consumer through natural conversation, makes specific advice and discusses why this might be the best choice, the statement added. Through available information such as product details and customer reviews, the AI assistant builds in-depth knowledge.

“We have been working in the areas of Natural Language Processing (NLP), text processing, semantic search and information retrieval for more than 10 years,” added Buzzo.ai co-founder Anand Ramachandran, in the statement.

Haptik was created in 2013 and is one of the largest conversational AI systems in the world with a focus on key customer engagement using cases such as customer support, concierge, lead generation and live chat. Over 2 billion transactions have been handled so far, with customers including Samsung, Coca-Cola, Future Retail, KFC, Tata Group and Mahindra Group.

Blog on the website of Haptik states that its platform has cumulatively processed over 2 billion conversations to date and it started as a mobile virtual assistant app and then as a solutions provider for large enterprises.

Tags: Reliance Industries LimitedReliance Jio
Previous Post

Forbes Dropped WeWork Founder Adam Neumann From Billionaire list

Next Post

Amazon India All Set to eat up Swiggy Zomato, enters into Food Delivery

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Indian Government Extends Ban on Earlier Blocked Chinese Apps including TikTok
News

Indian Government Extends Ban on Earlier Blocked Chinese Apps including TikTok

January 24, 2021
LifeStyle Video App Trell Starts Social Commerce for its User Base
News

LifeStyle Video App Trell Starts Social Commerce for its User Base

January 22, 2021
Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery
News

Dips and Sauces Maker Wingreens Farms Acquires Natural Beverage Startup Raw Pressery

January 22, 2021
Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie
News

Cred Founder Kunal Shah Invests in the new Venture of One Plus Co-founder Carl Pie

January 21, 2021
SEBI Approved Much Talked Future Group-Reliance Industries Deal
News

SEBI Approved Much Talked Future Group-Reliance Industries Deal

January 21, 2021
Tata Group is All Set to Acquire 60% stake in BigBasket
News

Tata Group is All Set to Acquire 60% stake in BigBasket

January 20, 2021
Next Post
Amazon-Food-Delivery-India-nextbigbrand-in

Amazon India All Set to eat up Swiggy Zomato, enters into Food Delivery

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

What Happened To OFO?

What Happened To OFO?

2 years ago
PhonePe- Next big Brand

PhonePe to become a new entity,Valuation Might Cross $10 bn

2 years ago
airtel vs jio

Reliance Jio becomes top telecom player in terms of Revenue

1 year ago
Google Meet Downloads Free- Next Big Brand

Google Makes Video Confrencing App Meet Free For Everyone

9 months ago

FOLLOW US

  • 22.5k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Indian Government Extends Ban on Earlier Blocked Chinese Apps including TikTok
  • Indigo Paints: Colorful journey of a Lesser Known Paint Brand
  • LifeStyle Video App Trell Starts Social Commerce for its User Base

Instagram

Follow Me!

Latest News

Indian Government Extends Ban on Earlier Blocked Chinese Apps including TikTok

Indian Government Extends Ban on Earlier Blocked Chinese Apps including TikTok

January 24, 2021
Indigo Paints: Colorful journey of a Lesser Known Paint Brand

Indigo Paints: Colorful journey of a Lesser Known Paint Brand

January 22, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Agency
  • Industries
  • FMCG
  • Automobile
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.