IIFL Fintech Fund picks up 10% stake in GenAI startup Vitra

IIFL Fintech Fund – backed by diversified financial services conglomerate IIFL Group – has made its first investment in a generative AI startup – Vitra.ai, a firm specialising in advanced language translation solutions powered by Generative AI. IIFL Fintech Fund has picked up a 10% stake in Vitra.ai for an undisclosed amount.

Vitra.ai has a patented technology model that helps revolutionise the way language translation is approached and delivered on a global scale. This investment will support the company in further developing its Generative AI technology.