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Instabase Appoints Deepak Sharma to Advisory Board for India Expansion
In a strategic move aimed at bolstering its presence in India, Instabase, a pioneering AI company headquartered in Silicon Valley, announced the appointment of Deepak Sharma to its advisory board on Wednesday, May 23, 2024. This decision reflects Instabase's commitment to driving ambitious expansion plans and leveraging Sharma's extensive expertise to navigate the Indian market.
Instabase stands at the forefront of transforming unstructured data into actionable insights through its AI-powered solutions. With its flagship product, Instabase AI Hub, the company enables organizations to unlock unstructured data, automate critical processes, and make informed decisions rapidly. Boasting over 300 business solutions in production, Instabase has garnered a valuation of $2 billion and secured a prestigious clientele including AXA, Rocket Mortgage, and Natwest, solidifying its position as a leader in the AI space.
Deepak Sharma, a distinguished digital leader hailing from Mumbai, Maharashtra, brings over two decades of experience to his new role on Instabase's advisory board. Notably, Sharma served as the President and Chief Digital Officer at Kotak Mahindra Bank, where he played a pivotal role in building and scaling digital businesses. His expertise spans digital strategy, transformation, payments, innovation, wealth tech, fintech, and startup ecosystems, positioning him as a valuable asset for Instabase's expansion endeavors.
Expressing his enthusiasm about the appointment, Anant Bhardwaj, CEO and founder of Instabase, emphasized Sharma's profound understanding of the Indian market and hailed him as an invaluable addition to the Instabase tribe. Bhardwaj highlighted Sharma's role in guiding the company's expansion efforts in India and fostering relationships with local IT integrators to drive growth.
In his new capacity, Sharma expressed excitement about contributing to Instabase's mission of leveraging AI and GenAI capabilities to transform unstructured data into actionable insights. Recognizing India's vast potential for digital innovation, Sharma affirmed his commitment to assisting Instabase in navigating the dynamic Indian market, forging strategic partnerships, and driving growth.
Instabase's unified platform integrates AI and workflow automation capabilities, enabling organizations to address their most pressing business challenges at scale. By combining AI breakthroughs with deep industry expertise, Instabase empowers institutions to embed intelligence into any system or business process, driving transformational outcomes. Notably, many of the world's largest financial institutions, insurance companies, governments, and enterprises rely on Instabase to automate mission-critical business processes end-to-end.
Backed by leading investors such as Greylock Partners, NEA, Andreessen Horowitz, and Index Ventures, Instabase continues to disrupt the industry landscape with its innovative solutions. The addition of Deepak Sharma to its advisory board signals the company's commitment to accelerating its growth trajectory and cementing its position as a global leader in AI-driven transformation.
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