People

On the Entropik team
Ranjan Kumar
Founder & CEO · Entropik

Ranjan Kumar

Ranjan Kumar is a Bengaluru-based technology entrepreneur and the founder and CEO of Entropik, a Human Insights AI company he started in 2016 to reinvent the century-old market research industry. An IIT Kharagpur graduate who once headed business at Citrus Payment Solutions before its acquisition by PayU, he built Entropik around Emotion AI - facial coding, eye tracking and voice analysis - to read the subconscious signals behind consumer decisions. He is now building his next venture, DecisionX AI, and describes himself as a three-time founder.

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Lava Kumar
Co-founder & Head of Product · Entropik

Lava Kumar

Lava Kumar is the co-founder and Chief Product Officer of Entropik, a Bengaluru-based Emotion AI company that reads human reactions across facial expression, voice, gaze and attention. After nearly two decades building products at Yahoo, Motorola, Wipro, Operative and Integral Ad Science, he returned from the US in 2016 to co-found Entropik and turn affective computing into a working business tool. He leads Decode, the company's integrated human insights platform, and has become a recognizable voice arguing that market research should measure how people actually feel, not just what they say.

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Bharat Singh Shekhawat
Co-founder & Head of Engineering · Entropik

Bharat Singh Shekhawat

Bharat Singh Shekhawat is a co-founder and Head of Engineering at Entropik, the Bengaluru-based human insights company he helped start in 2016. He builds the systems that turn signals from faces, voices, and eye movement into measurable read-outs of how people feel and decide, and has spent more than fifteen years designing data-intensive platforms and turning research ideas into shipping products.

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Company Facts

At a glance
Founded
2016 · Bangalore, India
Category
AI
Legal name
Entropik Technologies Pvt. Ltd.
Founders
Ranjan Kumar, Lava Kumar, Bharat Singh Shekhawat
Team size
~50-100 employees (headcount reduced through 2025)
Latest funding
Debt / Venture Debt · undisclosed
Revenue
Approximately $5.7M annual revenue (estimate)
Customers
150+ global brands and industry leaders including P&G, Nestle, ICICI and JP Morgan, spanning CPG, healthcare, media and entertainment, finance, retail and e-commerce.
Model
B2B SaaS - subscription and platform access for enterprise brands and research teams, sold across CPG, technology, healthcare, finance, retail and media sectors.
Alternatives
Traditional and AI-driven research platforms including Qualtrics, Affectiva, Realeyes, UserTesting, and iMotions.

Updates

Recent updates
Jul 2024
Launched AI-Generated Reports in Decode and Qatalyst, using Generative AI to turn research into presentation-ready reports.
Jan 1, 2024
Introduced Mira, an AI moderator that autonomously conducts research interviews.
Feb 2023
Raised $25M Series B led by Bessemer Venture Partners and SIG.
Jan 1, 2023
Launched Decode, a DIY unified consumer research platform.

Timeline

Company history
2013
The college project

Ranjan Kumar begins researching emotion tech and cognitive science at IIT Kharagpur.

2016
Entropik is founded

The company launches in Bangalore to apply Emotion AI to consumer research.

2017
Affect Lab launches

Entropik ships its first product for measuring emotion via facial coding and eye tracking.

2021
Qatalyst and Series A

Entropik expands into user research and UX testing while raising early growth capital.

2023
Decode and $25M Series B

The company launches its unified DIY insights platform and closes a Bessemer-led Series B.

2024
GenAI and Mira

Entropik adds AI-Generated Reports and the Mira AI moderator to its platform.

Product History

What shipped, and when
2023

Decode

A DIY unified human insights platform that integrates Emotion AI, Behavior AI and Generative AI for quantitative, qualitative, media and shopper research.

2021

Qatalyst

User research and UX testing platform for product and experience design teams.

2017

Affect Lab

Consumer research platform for measuring human emotion via facial coding and eye tracking to test creatives, campaigns and product designs.

2024

Mira

An AI moderator that conducts and analyzes research interviews autonomously.

2024

AI-Generated Reports

Generative AI feature that turns raw research into presentation-ready reports with visualizations and analysis.

FAQs

Frequently asked
What does Entropik do?

Entropik builds a unified human insights platform that uses Emotion AI, Behavior AI and Generative AI to help brands understand consumer emotions and behavior through facial coding, eye tracking and voice analysis.

Who founded Entropik and when?

Entropik was founded in 2016 by Ranjan Kumar (CEO), Lava Kumar and Bharat Singh Shekhawat, originating from Ranjan's cognitive-science research at IIT Kharagpur.

What is Decode by Entropik?

Decode is Entropik's flagship DIY consumer research platform that combines quantitative, qualitative, media and shopper research into a single AI-powered system.

How much funding has Entropik raised?

Entropik has raised roughly $34-35M in total, including a $25M Series B in February 2023 led by Bessemer Venture Partners and SIG Venture Capital.

Who are Entropik's customers?

Entropik serves 150+ global brands including P&G, Nestle, ICICI and JP Morgan across CPG, healthcare, finance, media and retail.