---
title: "Indian tech tycoon bets $30M of his own money to build AI alternative to Microsoft Office"
url: https://daily.dev/posts/indian-tech-tycoon-bets-30m-of-his-own-money-to-build-ai-alternative-to-microsoft-office-stctavjpf
source_url: https://techcrunch.com/2026/07/01/indian-tech-tycoon-bets-30m-to-build-an-ai-alternative-to-microsoft-office
type: article
source: "TechCrunch"
published: 2026-07-02T05:34:16.479Z
updated: 2026-07-02T05:36:59.428Z
tags: ["ai", "startup", "microsoft", "devtools"]
reading_time: 3
upvotes: 0
comments: 0
language: en
---

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# Indian tech tycoon bets $30M of his own money to build AI alternative to Microsoft Office

**[TechCrunch](https://daily.dev/sources/tc)** · 3 min read · 0 upvotes · 0 comments

## Summary

Serial entrepreneur Bhavin Turakhia is self-funding a $30 million bet on Neo, a new enterprise work platform designed from scratch for the AI era. Neo combines project management, documents, file storage, and AI into a single product, positioning itself as an alternative to Microsoft Office and Google Workspace. Turakhia argues that legacy workplace software cannot be meaningfully upgraded with AI bolt-ons and must be rebuilt entirely. Built in just three months using AI-assisted development, Neo is currently in internal use across Turakhia's companies and plans to roll out to mid-sized businesses soon. The startup has 18 engineers and aims to grow to 45 by year-end.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcrunch.com/2026/07/01/indian-tech-tycoon-bets-30m-to-build-an-ai-alternative-to-microsoft-office>

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---

Tags: [#ai](https://daily.dev/tags/ai), [#startup](https://daily.dev/tags/startup), [#microsoft](https://daily.dev/tags/microsoft), [#devtools](https://daily.dev/tags/devtools)

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