Until now, such work has been typically outsourced to independent contractors outside the Uber ecosystem. By bringing it into the driver app, Uber is offering drivers an additional stream of income, especially during downtimes when ride demand is low.

“This pilot is about giving drivers more choice, flexibility, and ways to earn,” said Megha Yethadka, Global Head, Uber AI Solutions. “Drivers can face downtime at certain times of the day, and digital tasks offer a way to make that time productive. Early engagement has been strong, with many thousands of tasks already completed.”

Uber AI Solutions works with global companies to deliver services like data labelling, localisation, and product testing, which are the building blocks of high-performing AI systems. If successful, the India pilot may become a template for similar initiatives worldwide, giving Uber’s vast network of drivers and delivery partners a role in the fast-growing AI economy.

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The AI solution integrates Large Language Models (LLM) and Machine Learning (ML) platforms to create an automated and intelligent credit decisioning system. Built from the ground up, it focuses on real-world underwriting demands, keeping the human cognitive model at the core of its architectural design. With this groundbreaking initiative, PFL aims to boost its credit managers’ productivity by 40 percent in retail lending.

Commenting on the launch, Arvind Kapil, Managing Director & CEO of Poonawalla Fincorp, said, “At Poonawalla Fincorp we fully respect and understand the transformative impact of AI in reshaping the credit landscape. We are delighted to launch our groundbreaking solution, blending AI innovation and human judgment in credit underwriting. With this initiative, we position ourselves as paradigm pioneers, driving transformation in our industry.”

Dr. Pushpak Bhattacharyya, Department of Computer Science and Engineering, IIT Bombay, said, “Our collaboration with Poonawalla Fincorp represents a transformative step in reshaping the future of financial services through AI-driven innovation. By seamlessly merging advanced AI technologies with human expertise, we’re setting a new benchmark for credit underwriting efficiency, accuracy, and scalability. This powerful partnership demonstrates how industry-academia synergy can tackle real-world business challenges, fostering smarter decision-making, deeper risk insights, and exceptional customer experiences.”

In the next phase, PFL aims to evolve its current AI functionality to a more sophisticated self-learning AI model. These will leverage powerful deep learning algorithms, enabling autonomous decision-making, continuous system improvement through pattern recognition, and multi-modal communication capabilities, further solidifying its leadership position in technology-driven financial services. The company continues to focus on simplifying lending, creating customer delight, and enhancing experiences, which remain its top priorities.

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BENGALURU: AI-powered equity investment platform InvestorAi has announced that it has raised Rs 80 crores in a Series A round from well known investor Ashish Kacholia, Founder, Lucky Investment Managers and his associates. Funds raised will be used for scaling the business and adding new products. Positron, a Mumbai based Consulting and Capital Advisory firm, was the exclusive advisor to the transaction.

Founded in 2018, InvestorAi has a singular, outcome focused mission – to use AI technology to produce winning investment outcomes for GenZ, Millennials and other digital investors. Its products use cutting edge AI models and robotics to create stock recommendations for the Indian market. These recommendations are then packaged into easy to use investment solutions that combine recommendation and delivery into a one-click user experience. Company’s proprietary AI techniques and models use sophisticated methods such as computer vision to convert complex financial data into images (exponentially increasing prediction accuracy) and genetic algorithms as well as other techniques to create investment-ready equity baskets (model portfolios).

InvestorAi has over 15 equity baskets with different strategies and some of them are now in their 3rd year, with compelling returns. All baskets have significantly beaten the index in last 12 months as well as since inception.

Commenting on the fundraise, Akshaya Bhargava, Chairman and Co-Founder, InvestorAi said “Sophisticated AI has long been the exclusive preserve of big hedge funds like Renaissance and Citadel. We set up InvestorAi with the vision of bringing this advanced AI technology to retail investors and we pride ourselves in our 3 year track record of delivering strong investment returns that have consistently beaten the index by a big margin. India is an incredible market with its unique digital infrastructure, leading exchange capabilities, digital friendly investor base and a scorching rate of growth in retail investor accounts.”

We are convinced that India can lead the way and be a showcase for the world on how to use AI technology to create DIY wealth solutions that are simultaneously convenient, engaging, accessible to all and create good investment outcomes. We are delighted to have such an incredibly experienced market expert like Ashish Kacholia as an investor and are grateful for his confidence in our vision, our model and our team, he adds.

Adding to this, Bruce Keith, Co-founder and CEO, InvestorAi, said, “India’s retail investor base is currently around 150 million and growing at 3 million a month. The Indian stock market is expected to reach $10 trillion by 2030 from the current $4.8 trillion market cap. However, only 7% of households’ income is invested in direct equities. This presents a large untapped market opportunity which can be leveraged by use of AI-led equity financing guidance. Our platform, InvestorAi, is the only platform in the Indian market that is multi-product, multi-broker and multi-manager and which also generates its own market-beating content. The AI models that power our platform have been trained using 14 years of stock market data and have delivered market beating returns consistently since 2022. Moreover, our AI models are integrated with a next generation delivery engine called InvestorAi YouTrade, which provides a one-click experience integrated within the broker’s own mobile or on-line platform.”

Ashish Kacholia, Founder, Lucky Investment Managers, says, “We have been long term investors in the Indian capital markets and have seen the wealth creation opportunities that it has to offer. InvestorAi’s platforms and the InvestorAi suite of products innovatively leverage technology and are directly aimed at helping the new generation of investors in starting their wealth creation journey in one of the fastest and best performing markets in the world. We believe that InvestorAi’s domain expertise in investments, products, innovative technology and a very experienced team really makes InvestorAi one of the true outliers in the wealthtech segment.”

InvestorAi products are currently available through some of the most reputed names in the broking industry that include HDFC Securities, Geojit, PL, JM Financial Services, Yes Securities, IIFL Securities, 5Paisa and Axis Securities.

InvestorAi partners and products:

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