India, Oct. 30 -- AI startup PointAI (erstwhile Try ND Buy) has raised INR 47 Cr ($5.3 Mn) in its Pre-Series A funding round led by Yali Capital, with participation from VC firm Walden International's Chairman Lip-Bu Tan and investment firm Tremis Capital.

With the fresh capital, the Noida-based startup plans on accelerating product development, expanding its global and domestic market reach, and further advancing its core technology capabilities.

"The company recently rebranded from Try ND Buy to PointAI to reflect its core technological foundation, a proprietary parallel AI architecture developed entirely in-house by its team of scientists and backed by 70+ global patents," it said in a statement.

Founded by Nitin Vats in 2018, Point...