TenderCuts meat delivery startup founder Nishanth RaviChandran is dipping into the world of artificial intelligence with his latest analytics startup, Visu.ai.

Visu.ai offers in-real-time theft detection services to retailers. Its platform makes use of deep computer vision and says its AI-driven products, "cashier watch" and "customer watch," seamlessly integrate into existing CCTV installations to detect internal fraud, suspect behaviors, and shoplifting offenses.

RaviChandran posted on LinkedIn, "Visu.ai was born out of the philosophy of converting adversity into opportunity. Our innovative AI technology is connected to CCTV cameras to identify theft in real-time." He also described how the "cashier watch" would monitor suspicious activity by cashiers, including fraud, mis-scans, or sweethearting theft, while the "customer watch" would observe shoppers for suspicious behavior, instantaneously identifying and blacklisting serial offenders.

A serial entrepreneur, RaviChandran has also co-founded several other startups, such as MobiZippy and EBS.

About TenderCuts, this comes on the back of the company being sold 18 months ago to Delhi NCR-based omnichannel meat company Good To Go in a distress sale. The transaction also covered Happy Chops, a seven-month-old tech platform founded by TenderCuts to aid local butcher shops with online stores and procurement capabilities.

RaviChandran commented on TenderCuts' challenges in his LinkedIn entry, stating, "Inspired by Europe's fresh meat and seafood markets, I started TenderCuts and grew it from 1 to over 60 retail stores, doubling revenue year-on-year.". Yet, internal theft and pilferage emerged as a major challenge with no adequate solution in place." He also added that TenderCuts' losses increased four times to INR 126.8 crore in FY22 from INR 30.4 crore in the last year, whereas revenue went up only 1.6X, coming in at INR 130.9 crore in FY22 from INR 78.1 crore in FY21.

In the wider AI landscape, Indian startups in the sector are gaining significant attention and investment, as the country's AI and deeptech industry continues to grow. Startups such as Atomicwork, Gallabox, and Zoho are making waves in domains such as agentic AI and enterprise IT solutions.

India's GenAI opportunity is also on the cusp of tremendous growth, with estimates to reach over $17 billion by 2030, as more start-ups create new use cases for businesses and small businesses. There also are government efforts, like the planned fund of funds (FoF) for the deeptech segment, which will drive growth here.

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