Indian serial entrepreneur Bhavin Turakhia is making a bold $30 million bet. He is backing a new enterprise AI company with his own money. His venture, Neo, aims to take on Microsoft Office and Google Workspace.
Neo rests on a simple premise about AI. Turakhia argues workplace software built before AI cannot simply add chatbots. Instead, it must be redesigned from the ground up. He compares it to building an iPhone from Nokia parts. Turakhia is no stranger to ambitious tech bets. The 46-year-old previously co-founded Directi, Radix, Titan, and Zeta. He often backs his companies with his own cash first. He is doing the same with Neo now.
Neo launched internally in April this year. It combines project management, documents, file storage, and AI in one product. The goal is to make AI an active participant in daily work. That means more than just another separate assistant.
The platform is also model-agnostic by design. Enterprises can switch between different AI models freely. That avoids locking them into a single provider. Turakhia says incumbents face a structural disadvantage adding AI to old products. He is not alone in this thinking, however. Enterprise AI has become one of tech’s most competitive arenas. Microsoft, Google, and Salesforce are embedding AI across their software. Startups from Anthropic and OpenAI to Notion are racing too.
Turakhia remains confident about the crowded market, though. He notes enterprise software has never been winner-takes-all. Even a small share would build a sizeable company, he said. He cited 2% to 5% market share as a major win.
Neo already runs internally across Turakhia’s companies, including Zeta. The Bengaluru startup employs about 45 people currently. It plans to reach around 100 employees by year-end. Neo will roll out to mid-sized businesses in the coming months.
