Parallel Loop Launches With $6.6M From Vijay Shekhar Sharma, Kunal Shah

31 Oct 2026, 11:32 am · 3h ago · 1 min read · Analytics India Magazine

Amount

$6.6M

Entrepreneur Prateek Jogani has launched Parallel Loop, an enterprise AI execution firm, with $6.6 million in funding. Backers include prominent startup founders Vijay Shekhar Sharma of Paytm, Kunal Shah of CRED, Varun Mayya of AEOS Labs, alongside institutional venture capital firms. Parallel Loop aims to address enterprise hurdles in deploying generative AI by deploying AI-native engineers directly into corporate workflows. The company focuses on structuring enterprise data and managing autonomous processes, tapping into demand left unmet by legacy IT services firms. It represents a growing wave of specialized boutique AI implementation startups in India.