Thursday, July 18, 2024
HomeLaw firmsDeals and TransactionsNiyogin Acquires AI Platform SuperScan from Shark Tank Alumni Orbo

Niyogin Acquires AI Platform SuperScan from Shark Tank Alumni Orbo

Orbo, known for its appearance in the third season of Shark Tank India where it secured a ₹1 crore investment from Vineeta Singh, founder of Sugar Cosmetics, has sold its AI-based platform, SuperScan, to Niyogin Fintech Limited.

The acquisition was made through its wholly-owned subsidiary, Niyogin AI Private Limited.

AP & Partners provided legal counsel to Niyogin and its subsidiary, managing the legal due diligence of Orbo and facilitating the drafting, negotiation, and finalization of the transaction documents.

The AP & Partners team involved in the transaction included Partners Dushyant Kumar and Arjun Sinha, Senior Associate Siddhartha Tandon, and Associates Vaivaswatha Yagani and Kapil Vats.

Niyogin Fintech Limited is a leading financial technology company that offers a range of digital financial solutions, focusing on empowering small and medium-sized enterprises through innovative financial products and services.

Orbo, officially Modaviti eMarketing Private Limited, is a tech company specializing in AI-driven solutions. Gaining popularity from its Shark Tank India appearance, Orbo continues to innovate in the AI technology space.

SuperScan is an advanced AI platform developed by Orbo, designed to enhance digital imaging processes through artificial intelligence, providing efficient and accurate scanning capabilities for various applications.

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