Chandigarh University Alumnus Launches AI Startup Fovea Infotech, Hits Rs 50 Lakh Turnover in First Year
Event summary
- Chandigarh University alumnus Abubakar Akhlaq founded AI-powered tech company Fovea Infotech in July 2025.
- Fovea Infotech crossed Rs 50 lakh in turnover in less than a year of operations.
- The startup offers integrated software, AI automation, branding, and digital growth solutions to businesses.
- Fovea Infotech serves clients across multiple sectors including real estate, hospitality, healthcare, and manufacturing.
- Chandigarh University's Technology Business Incubator (CU-TBI) is mobilizing Rs 5 crore to support startups.
The big picture
Fovea Infotech's rapid growth highlights the increasing demand for integrated digital transformation solutions among SMEs and startups. The startup's success underscores the strategic advantage of offering a comprehensive ecosystem of technology and digital growth services. Chandigarh University's support for entrepreneurship and innovation further strengthens the startup ecosystem in India.
What we're watching
- Market Expansion
- Whether Fovea Infotech can sustain its rapid growth and expand internationally as planned.
- Product Innovation
- The pace at which Fovea Infotech launches proprietary SaaS platforms and expands AI and automation products.
- Competitive Positioning
- How Fovea Infotech differentiates itself in a crowded market of digital transformation service providers.
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