Mukund Jha, co-founder and former chief technology officer of Dunzo, is in discussions to secure about Rs 50-80 crore (around USD 6-10 million) from Together Fund for his new startup.

Jha, who was with Dunzo from 2015 until 2023, aims to raise funds for his generative artificial intelligence (Gen AI) startup. Jha intends to automate quality assurance (QA) processes using AI and SaaS technologies. The fundraiser follows Jha’s departure from Dunzo in October 2023. This has been reported by Moneycontrol.

Jha previously worked with Google in New York and co-founded Wisdom.ly and Habet. This fundraising initiative coincides with Dunzo’s efforts to secure funding amidst a decline in its business.

The Together Fund, established in 2021, has invested in over 20 companies in SaaS application areas like recruitment, sales intelligence, and marketing, as well as vertical SaaS companies in healthcare and the cloud for connected devices. Some of its portfolio companies include DhiWise, SpendFlo, SecureDen, and TopLyne.

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