Micromax Informatics invests in AI startup One Labs

India's homegrown smartphone manufacturer Micromax has invested an undisclosed amount in AI startup One Labs.

One Labs operates inOne, a platform that aggregates apps across multiple genres in food, shopping, travel, deals, cabs, news, recharge, games and more. Among the 50 apps that it hosts include Zomato, Ola, Uber, Flipkart, Amazon, Snapdeal and others. The company plans to use the funds for product development and add more than 200 apps on the platform in the next 1 year. Besides, inOne will be pre-embedded in Micromax devices, the statement added.

Vikas Jain, co-founder of Micromax Informatics, said, "A large chunk of our efforts are now concentrated on coming up with products and services which act as solutions to the needs of the fast-evolving consumers. Given the fact that artificial intelligence is the future of device ecosystem, we look forward to seeing how the partnership with One Labs will enable us to enhance user experience even further."

One Labs also has an AI-enabled voice or chatbot solution called One Assistant which packages services provided on 'inOne' in a virtual assistant format. The firm had previously raised seed funding from Puneet Gupta, an executive director at Goldman Sachs; Savio Joseph, director at UBS Investment Bank; and Vinay Gupta, executive director of DBS Bank.