Categories: Startup

Mikhail Mitra, Co-Founder & CPO, Talks About the Journey of Mantra Labs

Mantra Labs is an AI-first product and solutions firm solving real-world challenges for InsurTech and Consumer Internet domains.

Mantra Labs is a team of over 150 Technology Tinkerers, Experimenters and above all – Product Enthusiasts having delivered over 100+ projects around the globe. Specializing in solving the most pressing front & back- office challenges faced by Insurtech and Consumer Internet enterprises; Mantra Labs’ core services revolve around-

Customer Experience consulting
AI strategy and implementation
Industry-specific application development
Testing Automation
Internet of Things

Parag Sharma, Mikhail Mitra, and Kumar Sambhav are the co-founders of the company. Parag Sharma is the CEO and holds serious AI capabilities and a strong domain focus on insurance. His passion for innovation roots from his education from IIT Kanpur and experience of working in Retail, Finance, Telecommunication, Travel, and Transportation Industries.

Mikhail Mitra spearheads products, design, and growth for Mantra. Mikhail loves ideating, building and taking to market innovative products and services in Banking, Insurance, Financial Services, and Consumer Internet domains.

Kumar Sambhav is the Chief Technologist and is highly skilled in Business processes, Requirements Analysis and Agile Methodologies. He always enjoys exploring trending technologies be it cloud computing, blockchain, artificial intelligence, augmented reality, or virtual reality.

These technologists started in 2009 by launching an online grocery store – BuyEasy. In 2015, they incubated Touchkin and created Wysa, one of the hottest mental wellness and therapy chatbots in the world. It was one of 10 startups to get selected for Google Launchpad India. Mantra Labs also incubated Sellfash – India’s first social reseller’s platform, the consecutive year.

Providing cutting edge technology solutions to leading Insurers like – like AIA, Pramerica, Religare, Aditya Birla Group, MaxBupa, AIA Hongkong, DHFL Pramerica; Mantra Labs has also worked with consumer-facing companies like- OLA, Myntra, Yulu, Bluestone, Quikr, among many others: where they’ve been deeply involved in developing technology solutions for their business-specific problems.

Mantra’s product line up is born out of a deep understanding of the processes and quirks in insurance &consumer internet domains.

“We have been fortunate to build strong relationships with our clients – who have been generous with their feedback and support. Most of our active sales is through references and repeat business,“ says Mikhail.

Mantra Labs has been cash flow positive and profitable since its inception. However, the company is open to strategic investment which will help them in scaling up their products business. The ticket size for the same would be around 250k USD.

Message from Founders:

We are building a company at the forefront of InsurTech disruption. We also bring our deep advisory and consulting approach to help the new age insurer plan and execute its digital transformation.

Sameer

Sameer is a writer, entrepreneur and investor. He is passionate about inspiring entrepreneurs and women in business, telling great startup stories, providing readers with actionable insights on startup fundraising, startup marketing and startup non-obviousnesses and generally ranting on things that he thinks should be ranting about all while hoping to impress upon them to bet on themselves (as entrepreneurs) and bet on others (as investors or potential board members or executives or managers) who are really betting on themselves but need the motivation of someone else’s endorsement to get there. Sameer is a writer, entrepreneur and investor. He is passionate about inspiring entrepreneurs and women in business, telling great startup stories, providing readers with actionable insights on startup fundraising, startup marketing and startup non-obviousnesses and generally ranting on things that he thinks should be ranting about all while hoping to impress upon them to bet on themselves (as entrepreneurs) and bet on others (as investors or potential board members or executives or managers) who are really betting on themselves but need the motivation of someone else’s endorsement to get there.

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