StopDownOpen the app

Shutdown · Enterprise Software & IT

Zivy shuts down, pivots to fintech compliance

By ·

Date
Company
Zivy
What it does
AI copilot for messaging apps
Kind
Shutdown
Amount
$1.2 Mn
Stage
pre-seed
Sector
Enterprise Software & IT

What they do

Zivy offered an AI copilot that filtered notifications on messaging apps like Slack

What happened

It shut down on March 31, 2026, and pivoted to fintech compliance SaaS under the name Zoven

Why it matters

Only 10% of its 250 signed-up organisations became paying users, and the shutdown was due to tepid demand and competition from agentic AI platforms like…

The details

  • Zivy is shutting down on March 31, 2026.
  • The company is pivoting to fintech compliance SaaS under the new name Zoven.
  • Zoven will focus on fraud detection for banks and fintech firms.
  • Zoven will retain Zivy's parent entity and cap table.
  • No further funding is needed for now because most of the capital from September 2024 remains.
  • Zoven's public launch is expected in Q1 FY27.
  • Zoven will target only the Indian market.

The bigger picture

  • The shutdown was due to tepid demand and competition from agentic AI platforms like Anthropic's Claude.
  • Only about 10% of roughly 250 organisations and 1,000 individuals who signed up converted to paying users.
  • The pivot allows the team to reuse existing capital and infrastructure in a more promising sector.

About the business

  • Zivy offered an AI copilot for messaging apps like Slack.
  • It filtered notifications for professionals to reduce distractions.
  • The product targeted organisations and individual users.
  • Zivy had about 250 organisations and 1,000 individuals signed up.
  • Only a small fraction of those became paying customers.

What happens next

  • Zoven will focus on fraud detection for banks and fintech firms.
  • Zoven will retain Zivy's parent entity and cap table.
  • No further funding is needed for now.
  • Zoven's public launch is expected in Q1 FY27.
  • Zoven will target only the Indian market.

The deal

Type
shutdown

Investors

  • Blume Ventures (lead)
  • Paradigm Shift Capital (participated)
  • iSeed (participated)
  • Everywhere Ventures (participated)
  • Indian Silicon Valley (participated)
  • Marsshot Ventures (participated)
  • Harshil Mathur (angel) — cofounder of Razorpay
  • Shashank Kumar (angel) — cofounder of Razorpay
  • Kunal Shah (angel) — founder of CRED

Founders

  • Vivek Karna, cofounder and CEO
  • Prashant VY, cofounder

Read it as a card in the app

Same day

All startup news on 26 March 2026 →