Mayan Kansal- "Insuring" the future of Insurance through AI
Mayan Kansal is a seasoned professional with over 5 years of exceptional leadership experience who has successfully led cross-functional teams across various domains.
Mayan is currently serving as the founder of InsurStaq which is dedicated to building AI based Search Engine that revolutionizes the way you get answers to your Insurance queries.
What inspired you to become an entrepreneur and start your own business?
I have always had a passion for creating things, whether it's writing poetry, composing music, building a business, or developing a product. The process of creation is deeply satisfying to me. To me, entrepreneurship is a creative pursuit of capitalism.
I've never been exceptional at anything I do, but I decided to prioritize being a startup founder over all other things I'm mediocre at.
This is because I believe that, with startups, you can be rewarded disproportionately for being super-correct just once, even if it was due to pure serendipity. So, the only constant is to survive long enough to find your golden egg.
Source: Startup Mahakumbh
What was your biggest challenge as a startup founder, and how did you overcome it?
There is no playbook for a Startup Founder. I was in a tier-II engineering college. The upside to that was I decided to start my first company in college due to a lack of placement options.
But the downside is that, to date, I struggle because of my non-pedigree background. This largely has been the biggest challenge in my journey. I'm still building the cap to put feathers on.
Can you share any exciting news or buzz about InsurStaq ?
We are currently building AI Co-pilots for Insurance use cases. We had spent 2023 building fundamental blocks for a sustainable business. I believe 2024 will see the company solidifying itself in all aspects of the business.
We’re also featured in Inc42's 30 Hottest AI Startups To Watch.
Source: Inc42 Media
If your startup was a fictional character, what would it be and why?
It would be a Phoenix. We almost died and were reborn to start anew.
How has Razorpay Rize helped you in your journey of being a founder?
Razorpay Rize has been one of the few meaningful startup communities. with insightful conversations.
“The highlights for me are the sincere attempts to create in-person meet ups and having a dedicated team to manage the community. Lastly, I love the fact that the focus is also beyond the echo chambers of Bangalore (oops, there, I said it).”
Find out more about Mayan and InsurStaq
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