Legal · AI & Deep Tech

Bobble AI faces insolvency proceedings over debt default

By Startup Enthusiast · 19 August 2026

What they do

Bobble AI provides an AI-powered keyboard supporting over 120 languages with personalized stickers and GIF features for mobile users

The NCLT has initiated insolvency proceedings against the company following a default of approximately Rs 5.77 crore on secured debentures

The company continues to operate as a going concern under an appointed professional while legal restrictions on asset sales apply

The NCLT (National Company Law Tribunal) has admitted an insolvency plea against Bobble AI.
The tribunal appointed Manish Agarwal as the Interim Resolution Professional to manage the company.
The case stems from a petition filed by Axis Trustee Services Limited regarding unpaid debts.
The company defaulted on approximately Rs 5.77 crore in payments, including interest, starting in August 2025.
A moratorium is now in effect, preventing any legal action or asset sales against the firm.
The company argued that ongoing lender discussions should pause the case, but the tribunal rejected this request.

The company previously raised Rs 25 crore through secured debentures in March 2023.
The firm underwent a restructuring last year that resulted in the layoff of about 50 employees.
The resolution professional clarified that the current process is not a liquidation and the business remains operational.

The company offers an AI-powered keyboard that supports over 120 languages.
It provides features like facial recognition to create personalized GIFs and stickers.
The platform is integrated with major messaging apps including WhatsApp and Facebook.
Revenue streams include advertising, data insights, subscriptions, and branded merchandise sales.
The company serves over 100 million users and has generated over 4 billion expressions.
It offers Data-as-a-Service solutions to provide consumer intelligence to corporate clients.
The firm holds more than 23 patents and has published over 5 research papers.

Krafton Inc (existing) — A major gaming company that holds approximately 25% of the startup.

Product: An AI-powered Indic keyboard and communication/data intelligence platform
Customers: Consumers using the keyboard and brands seeking communication insights and marketing reach
How it makes money: Advertising, brand marketing, and data-intelligence services
What sets it apart: Supports more than 120 languages and uses real-time user intent signals
Operations: Built around an Indic keyboard integrated with apps such as WhatsApp and Facebook