Serial entrepreneur Bhavin Turakhia has launched a new AI startup called Neo. He is investing $30 million of his own money into the company, continuing the approach he has followed with most of his previous ventures.
Neo is an AI-first enterprise work platform that combines project management, document editing, file storage, and AI tools into a single workspace. Instead of adding AI features to existing software, Turakhia believes workplace software should be rebuilt from the ground up for the AI era.
According to Turakhia, most enterprise software available today was designed before generative AI became popular. While many companies have added AI chatbots to their products, he believes these platforms still have limitations because AI was not part of their original design.
Neo aims to solve this by making AI an active participant in daily work instead of just an assistant users open in a separate window. The platform is also model-agnostic, allowing businesses to choose between different AI models instead of being locked into a single provider.
The platform includes four main products. Friday serves as the AI assistant and agent layer, Tasket is used for project management, Studio is designed for documents, spreadsheets, and diagrams, while Drive offers collaborative file storage where both users and AI agents can work together.
Neo has been in internal testing since April across Turakhia’s companies, including Zeta, Titan, and Radix. The company plans to start rolling out the platform to selected customers in India and the US in August. A wider public launch is expected in January 2027.
Neo will initially target knowledge workers, IT companies, and SaaS businesses.
Bhavin Turakhia is one of India’s most successful technology entrepreneurs. He started his entrepreneurial journey in 1998 at the age of 18, when he and his brother Divyank Turakhia founded Directi with an initial investment of just Rs. 25,000.
Over the next several years, Directi built multiple internet businesses, including BigRock, LogicBoxes, ResellerClub, WebHosting.info, and CodeChef. In 2014, these web businesses were sold to Endurance International Group for around $160 million, making it one of the biggest technology acquisitions involving an Indian-founded internet company at the time.
Turakhia later co-founded Media.net, which grew into one of the world’s largest contextual advertising companies and became a major competitor to Google AdSense. In 2016, a Chinese consortium acquired Media.net for around $900 million, making it one of the largest ad-tech acquisitions in the world and one of the biggest startup exits by Indian entrepreneurs.
He went on to launch several more technology companies, including domain registry operator Radix, professional email platform Titan, and fintech company Zeta. Titan has grown into a leading business email platform, while Zeta has become one of India’s leading banking technology companies and is valued at around $2 billion.
Unlike many startup founders who raise venture capital early, Turakhia has often funded his companies with his own money during their early stages. With Neo, he is following the same strategy once again.
