Used cars, quick loans, online courses: the startups leading the race for AI

With numerous developments in the field of Artificial Intelligence (AI) across the globe, India offers equally unique prospects in the field, as its other developed counterparts.

In India alone, the start-up industry is booming with the number hitting the 200+ mark with investments coming from all major investors.

Considering the age of disruptive technologies, AI can certainly be called one of the most promising. This is practical for better organizing start-ups.

Here are some of the few startups across industries that are using AI in unique ways:


Guided by the mantra – convenient cashless credit, ePayLater can primarily be defined as a new era payment solution that comes with a “Buy Now, Pay Later” approach. Incorporated on December 1, 2015, the platform uses unique artificial intelligence and machine learning algorithms that continuously learn from consumers’ online presence, social behavior and shopping habits across different merchants.

AI not only processes real-time data to check consumer creditworthiness, but also processes indirect variables that help them weed out fraud among the lot. The recent tie-up with IRCTC allowing passengers to book a “tatkal” ticket in seconds and pay after 14 days is proof of the brilliant use of AI.

happy loans

Launched in December 2016 in Mumbai, Happy Loans, one of India’s most innovative loan facilitators with a vision to provide customers with a truly ‘happy’ banking and loan processing experience, uses AI at large. Determine a merchant’s credit worth with live data on their business.

AI not only processes real-time data to check a merchant’s creditworthiness, but also processes indirect variables that affect a business, for example: location, nature of business, off-peak season and high season. All modeling is based on a merchant’s daily repayment – the AI ​​helps analyze a merchant’s periodic repayment and rewards/punishes their credit value accordingly. A user can borrow more if they maintain a healthy repayment history. AI helps improve the customer lifecycle by personalizing the experience for each individual. Standardizing Personalization Improves Business Efficiency and Loyalty


An omnichannel platform for buying and selling used cars, it has redefined the process of buying a car. Recently launched their services in New Delhi and Bangalore. Truebil uses AI in its Truescore algorithm.

AI is used for used car price prediction, not only considering the condition of the car, but also geographical and seasonal implications. It fundamentally changes three major blocks of the supply chain: how people buy, how dealers sell, and how lenders finance auto purchases. AI is transforming the automotive sector with the next driverless cars. Features like automatic braking, alert systems, smart cruise control, and collision avoidance systems are some of the lesser AI-powered features.

Genext students

An edu-tech startup that uses the AI ​​platform to collect cross-sectional data, helps them access student and tutor profiles. Based on the Tutor matching algorithm, they create a personalized search model that offers a guaranteed result in current student learning and guidance required for it. It then matches it to the requirement.

Content, Student, and Mentor – the three main areas of education are built with AI models using a self-learning mechanism that creates a niche experience for parents who can also track their child’s progress.


Haptik is one of the largest chatbot platforms in the world, building apps for consumers, publishers, and businesses. The company has been at the forefront of the paradigm shift from apps to bots, having worked on various chatbot use cases such as commerce, customer service, utilities and lead generation. AI is the basis of this startup.

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