Ashwin Raguraman, vice-president of IIF, will join the board of IKen, which was started in 2005 and has developed Mooga as an analytics tool to understand consumer behaviour and allow firms to personalise their service to them.

India Innovation Fund (IIF), a state-backed investment vehicle, has invested in IKen Solutions, an artificial intelligence spin-off from the Indian Institute of Technology in Bombay.

Ashwin Raguraman, vice-president of IIF, will join the board of IKen, which was started in 2005 and has developed Mooga as an analytics tool to understand consumer behaviour and allow firms to personalise their service to them.