Staqu emerges as the winner of Tech Rocketship Award, 2017-18

The AI-startup snatched victory from over 300 other disruptive, tech-driven startups

New Delhi, February 7, 2018: Gurgaon-based artificial intelligence startup, Staqu, has won the global-leading tech entrepreneurship competition, the Tech Rocketship Award, 2017-18. Facing stiff competition from other AI, Big Data, IoT, meditech and fintech enterprises, Staqu snatched victory amidst other 300+ worthy, young, tech-driven startups. Staqu was one amongst the seven winners selected a jury of eminent personalities comprising Dr Saurabh Srivastava, Mr Mohandas Pai, Ms Shradha Sharma, Dr Kiran Mazumdar Shaw, Mr Arvind Gupta and Mr BVR Mohan Reddy. An initiative of the UK’s Department of International Trade, the award ceremony was held at UK-India CREATECH Summit in Mumbai.

Winning in the Artificial Intelligence category, Staqu is awarded with all-expenses paid, bespoke trip to the UK. The prize package includes a designated programme connecting India’s fast-rising tech entrepreneurs with the UK’s world-leading growth ecosystem of VCs, advisors, customers and support networks that will help spring board their business internationally

Commenting on the big win, Atul Rai, Co-Founder & CEO of Staqu said, “It is a matter of great honour for us to be receiving this eminent acknowledgment at the Tech Rocketship Award, 2017-18. As the award is driven to discover and enable the growth of the next big tech startup in India, we are definitely looking forward to the learning and growth opportunities accompanying this big win. The global exposure and mentorship will allow us to enhance our service offering, further utilizing artificial intelligence for solving the real-world problems faced by our users. At the same time, my heart goes out to my team, each and every one that has contributed towards achieving the success that Staqu enjoys today. With the right team besides me, we are sure to scale newer heights and achieve further milestones, in times to come.”

Driven with the quest to discover the next big tech startups in India, the Tech Rocketship Award enables Indian businesses to scale up, internationalize and access capital. With its launch, Staqu had disrupted the industry with an AI-driven recommendation engine that would break consumer data into text, speech and image, analysing the same for providing users with the most contextual and relevant information. While the fashion e-commerce platforms were one of the early adopters of Staqu’s technology, the startup further ventured into the field of crime recording and investigation, with the launch of ABHED. As of today, Staqu counts Paytm, Yepme, Panasonic, etc. among clients. The AI-powered solutions from Staqu helps business make processes more efficient and remove spillage.

About Staqu

As a Gurgaon based Artificial Intelligence startup, Staqu strives to revolutionize the fashion e-retail and ecommerce industry. Founded in 2015, the company has painstakingly pioneered bidirectional image understanding, an innovative image-to-image matching system, simplifying image search, automated meta-tag generation and real time product recommendations.

With its prime focus on AI research, image processing, deep learning, computer vision and NLP, amongst other revolutionary technologies, Staqu has created VGrep API suite, offering virtual search engine and a hybrid recommendation engine.

Triumphing at IBM’s Global Entrepreneur Program, Staqu has successfully raised investment from Indian Angel Network.

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