{"id":2315,"date":"2024-05-21T08:16:40","date_gmt":"2024-05-21T08:16:40","guid":{"rendered":"https:\/\/www.founderlabs.in\/?p=2315"},"modified":"2024-05-21T08:16:40","modified_gmt":"2024-05-21T08:16:40","slug":"generative-ai-intellectual-property-saas-legal-tax-regulatory-frameworks-the-worlds-first-genai-tool-trained-specifically-on-indias-tax-legal-and-regulatory-laws","status":"publish","type":"post","link":"https:\/\/www.founderlabs.in\/?p=2315","title":{"rendered":"KonProz Secures $700K Funding From Dr. Ruchi Parekh, RDB Group & Angel Investors"},"content":{"rendered":"\n

KoProz is a technology company which leverages emerging technologies such as GenAI to build SaaS solutions for the legal, tax and regulatory space.<\/p>\n\n\n\n

KonProz a pioneering Generative Artificial Intelligence (GenAI) startup is pleased to announce the successful closure of its latest funding round, securing USD 700,000 in investment.<\/strong><\/p>\n\n\n\n

KonProz is headquartered in Delhi NCR & also has a base in Bhubaneshwar. It is also registered with Startup India and Startup Odisha. Since its inception, KonProz has garnered significant<\/strong><\/p>\n\n\n\n

Who led the funding?<\/strong><\/p>\n\n\n\n

The funding, led by Dr. Ruchi Parekh, RDB Group and Angel Investors, will be instrumental in propelling KonProz\u2019s mission to transform the way in which legal, tax and regulatory professionals navigate the vast and complex legal knowledge base and subsequently draft deliverables using Generative AI.<\/p>\n\n\n\n

Dr. Ruchi Parekh, is a distinguished expert with extensive contributions to the field of neuroscience and artificial intelligence, and the RDB Group, a prominent conglomerate known for its commitment to excellence and innovation across various industries.<\/p>\n\n\n\n

Read more: https:\/\/www.founderlabs.in\/kashmir-women-start-up-entrepreneur-women-business-owners-srinagar-meetup\/<\/a><\/strong><\/p>\n\n\n\n

How the Investment will be used ?<\/strong><\/p>\n\n\n\n

The investment will primarily be used for building a world-class Generative AI intellectual property for the legal domain, team expansion and scaling operations to broaden KonProz\u2019s platform capabilities.<\/p>\n\n\n\n

\u201cOur focus at KonProz is to make Generative AI a responsible and indispensable tool for professionals, empowering them to navigate the intricacies of legal, tax, and regulatory frameworks with ease and efficiency. We are thrilled to have secured this investment, which underscores the confidence of our investors in our vision and capabilities. With this funding, we aim to further enhance KonProz GPT\u2019s prowess that will set a new standard for excellence in the legal and tax technology landscape,\u201d said <\/em><\/strong>Shiladitya Dash and Piyush Chopra, Co-founders of KonProz.<\/em><\/strong><\/em><\/p>\n\n\n\n

Dr. Ruchi Parekh<\/strong>, a seasoned leader with a background in neuroscience and project management<\/strong>, expressed her excitement about supporting KonProz\u2019s innovative solutions, stating, \u201cKonProz GPT is positioned to lead the way in leveraging legal and Generative AI. I\u2019m thrilled to be part of this journey and I believe that their innovative solutions will bring about a positive change by transforming how professionals navigate the legal, tax and regulatory space conventionally.\u201d<\/p>\n\n\n\n

KonProz garnered attention for its flagship product, KonProz GPT, the world\u2019s first GenAI tool trained specifically on India\u2019s tax, legal and regulatory laws.<\/p>\n\n\n\n

Shri Vinod Dugar, Co-Promoter of the RDB Group,<\/strong> echoed Dr. Parekh\u2019s sentiments, highlighting KonProz\u2019s potential to drive innovation and create sustainable value across industries. \u201cWe believe in investing in ventures that unlock immense potential in emerging sectors and KonProz\u2019s groundbreaking solutions in GenAI align perfectly with our ethos of innovation and excellence.\u201d, says Shri Vinod Dugar.<\/p>\n\n\n\n

Since the release of its phase 1 product in November 2023, KonProz has over 2,000 active users including senior professionals from the Big4s and Tier 1 law firms, and aims to now build a comprehensive suite of products to further strengthen its position as the leader in the Legal AI innovation space.<\/p>\n","protected":false},"excerpt":{"rendered":"

With this funding, we aim to further enhance KonProz GPT\u2019s prowess that will set a new standard for excellence in the legal and tax technology landscape,\u201d said\u00a0Shiladitya Dash and Piyush Chopra, Co-founders of KonProz.<\/p>\n","protected":false},"author":3,"featured_media":2464,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[645],"tags":[696,897,898,899,135],"class_list":{"0":"post-2315","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-funding","8":"tag-gen-ai","9":"tag-konproz","10":"tag-legal-and-regulatory-laws","11":"tag-rdg-group","12":"tag-saas"},"yoast_head":"\nKonProz Secures $700K Funding From Dr. Ruchi Parekh, RDB Group & Angel Investors - Founderlabs<\/title>\n<meta name=\"description\" content=\"KonProz Secures $700K Funding From Dr. Ruchi Parekh, RDB Group & Angel Investors leverages technologies as GenAI to build SaaS solutions\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.founderlabs.in\/?p=2315\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KonProz Secures $700K Funding From Dr. Ruchi Parekh, RDB Group & Angel Investors\" \/>\n<meta property=\"og:description\" content=\"KonProz Secures $700K Funding From Dr. Ruchi Parekh, RDB Group & Angel Investors leverages technologies as GenAI to build SaaS solutions\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.founderlabs.in\/?p=2315\" \/>\n<meta property=\"og:site_name\" content=\"Founderlabs\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/founderlabsindia\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-21T08:16:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.founderlabs.in\/wp-content\/uploads\/2024\/05\/kon.png\" \/>\n\t<meta property=\"og:image:width\" content=\"400\" \/>\n\t<meta property=\"og:image:height\" content=\"397\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Gargi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@founderlabs_ind\" \/>\n<meta name=\"twitter:site\" content=\"@founderlabs_ind\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Gargi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=2315#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=2315\"},\"author\":{\"name\":\"Gargi\",\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/#\\\/schema\\\/person\\\/afab350a7a241df759bfd7f712a8039d\"},\"headline\":\"KonProz Secures $700K Funding From Dr. Ruchi Parekh, RDB Group & Angel Investors\",\"datePublished\":\"2024-05-21T08:16:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=2315\"},\"wordCount\":514,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=2315#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.founderlabs.in\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/kon.png\",\"keywords\":[\"Gen AI\",\"Konproz\",\"legal and regulatory laws\",\"RDG Group\",\"SaaS\"],\"articleSection\":[\"Founder Playbook\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.founderlabs.in\\\/?p=2315#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=2315\",\"url\":\"https:\\\/\\\/www.founderlabs.in\\\/?p=2315\",\"name\":\"KonProz Secures $700K Funding From Dr. Ruchi Parekh, RDB Group & Angel Investors - 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