Deepanshu Shokeen is an Indian technology entrepreneur and consultant recognized for founding InnovateAI Labs and for directing digital‑transformation projects for Fortune 500 firms. He graduated from IIT Delhi in 2012, spent six years at Accenture, and launched his first startup in 2016.
Deepanshu was born in 1990 in New Delhi, India. He earned a B.Tech in Computer Science from the Indian Institute of Technology (IIT) Delhi in 2012, graduating with a 9.1 GPA. During his undergraduate years, he contributed to open‑source projects on GitHub, including a library for real‑time data streaming that now has over 1,200 stars.
After graduating, Deepanshu joined Accenture as a technology consultant. Between 2012 and 2018, he led three global delivery centers, delivering automation solutions that saved clients an estimated $45 million in operational costs. In 2018, he left Accenture to focus on his entrepreneurial pursuits.
In March 2016, Deepanshu co‑founded InnovateAI Labs with two former Accenture colleagues. The company’s mission is to democratize artificial‑intelligence tools for mid‑size enterprises. Their flagship product, InsightX, launched in November 2020, provides AI‑driven market‑trend analytics.
| Round | Amount | Year | Lead Investor |
|---|---|---|---|
| Pre‑seed | $250,000 | 2016 | Angel network |
| Series A | $2 million | 2021 | Sequoia Capital India |
| Series B | $8 million | 2023 | Accel Partners |
By the end of 2023, InnovateAI Labs reported $12 million in annual recurring revenue (ARR) and a client base of 150 companies across North America, Europe, and APAC.
Yes. In 2022, he was named one of “30 Under 30 – Technology Leaders” by *Forbes India*. The same year, InnovateAI Labs earned the “Best AI Startup” award at the Global AI Summit in Singapore.
Beyond his commercial ventures, Deepanshu mentors 20+ early‑stage founders through the Indian Startup Mentor Network and frequently speaks at conferences such as NASSCOM’s Technology Conference. He also contributes a quarterly column on AI ethics to *TechCrunch India*.
Analysts project that InnovateAI Labs will exceed $30 million ARR by 2025, driven by expansion into the healthcare analytics market. Deepanshu has hinted at launching a low‑code AI platform aimed at non‑technical business users, slated for a 2024 beta release.
| Year | Milestone |
|---|---|
| 1990 | Born in New Delhi, India |
| 2012 | Graduated IIT Delhi – B.Tech Computer Science |
| 2012‑2018 | Technology consultant at Accenture |
| 2016 | Co‑founded InnovateAI Labs |
| 2020 | Launched InsightX product |
| 2021 | Raised $2 M Series A |
| 2022 | Featured in Forbes India “30 Under 30” |
| 2023 | Raised $8 M Series B; ARR $12 M |
Overall, Deepanshu Shokeen exemplifies how a strong technical foundation combined with strategic entrepreneurship can drive measurable value across industries.
Deepanshu earned a B.Tech in Computer Science from IIT Delhi in 2012, graduating with a 9.1 GPA and contributing to several open‑source projects.
The company’s flagship product is InsightX, an AI‑driven market‑trend analytics platform launched in November 2020.
As of 2023, InnovateAI Labs has raised three rounds: a $250,000 pre‑seed in 2016, a $2 million Series A in 2021, and an $8 million Series B in 2023.
He was named to Forbes India’s 2022 “30 Under 30 – Technology Leaders” list and InnovateAI Labs won the “Best AI Startup” award at the 2022 Global AI Summit.
He plans to release a low‑code AI platform for non‑technical business users, with a beta rollout expected in 2024.
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