Startup accelerator VentureNursery, today, announced an undisclosed seed investment by its angels in InvenZone, a networking platform for scholars and researchers which helps in intellectual knowledge discovery.
Investors include Amit Patni, Anand Ladsariya, Arif Ali, Arihant Patni, Bharat Banka, Samir Shah, Neeraj Goenka, Ravi Kiran, Sanjay Mehta, Shravan Shroff and Vishal Maheshwari.
The startup was founded by Vinay Kumar and Deekshith Marla. It was among the four finalists of Venture Nursery’s fourth batch.
It uses artificial intelligence to make the research easy for scholars and researchers. It does so by understanding the keyword one is looking for and does the relative weight index for each keyword and does the search into the global database. It has already indexed 23 million research papers which are over 40% of the total global database.
InvenZone launched its beta product in IIT, Bombay. With huge conversion ratio, it is growing steadily and planning to launch in other top tier university soon.
Apoorv Ranjan Sharma, Executive Vice President, VentureNursery said, “VN Angels foundexceptional talent and the ability to create a world class product in the founding team. They have the expertise to create leadership in the space.”
Venture Nursery recently announced its batch 5 startups.
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