Jugal Anchalia (Refold AI)
Overview
Jugal Anchalia is an Indian entrepreneur and the co-founder and CEO of Refold AI, a startup that uses artificial intelligence to automate enterprise application programming interface (API) integrations. Founded in 2023, Refold AI aims to address the challenges enterprises face with manual integrations, offering an AI-driven platform to replace traditional middleware and manual coding. Anchalia was earlier associated with JustDoc, another startup acquired by Reliance. Refold AI recently raised $6.5 million in seed funding co-led by Eniac Ventures and Tidal Ventures, marking a significant step in the company's mission to innovate enterprise software integration.
Recent Developments
In recent years, Jugal Anchalia's venture, Refold AI, has made significant strides in the tech startup landscape:
- August 2025: Refold AI successfully raised $6.5 million in seed funding. This round was co-led by Eniac Ventures and Tidal Ventures, with participation from Better Capital, Ahead VC, and other investors. The funds are intended to expand the engineering team and deepen product integrations.
- Mid-2025: The company reported working with over 30 enterprise customers, managing more than 1,500 active users and processing over 30 million API calls per month.
- Early 2025: Refold AI announced its move out of stealth mode, emphasizing its AI-native platform that automates the integration processes, which have traditionally been manual and labor-intensive.
- 2024: The company focused on building a robust engineering and operational base across its dual headquarters in San Mateo, California, and Bangalore, India.
- 2023: Jugal Anchalia and co-founder Abhishek Kumar launched Refold AI as a response to the integration challenges they faced in previous startup experiences, particularly with widely used enterprise software like SAP.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Jugal Anchalia |
| Born | 1989, India |
| Nationality | Indian |
| Occupation | Entrepreneur, CEO of Refold AI |
| Known For | Co-founding Refold AI, Co-founding JustDoc |
| Education | Indian Institute of Technology, Kharagpur |
| Achievements | Forbes 30 Under 30 Asia (2018) |
Early Life and Education
Jugal Anchalia was born in India in 1989. He pursued his higher education at the prestigious Indian Institute of Technology (IIT), Kharagpur, where he developed a strong foundation in technology and engineering. His time at IIT Kharagpur was marked by numerous projects and a keen interest in software development, which sowed the seeds for his future entrepreneurial ventures. During his university years, Anchalia was active in various tech and entrepreneurial initiatives that honed his skills and networking, eventually leading to the establishment of his first business venture, JustDoc.
Career and Notable Achievements
Jugal Anchalia's professional journey began with the co-founding of JustDoc, a telemedicine platform that offered online consultations and healthcare services. After scaling the business successfully, JustDoc was acquired by Reliance in 2018, marking a major milestone in Anchalia's career achievements.
- 2023: Co-founded Refold AI alongside Abhishek Kumar. The startup seeks to revolutionize API integrations using AI.
- 2018: Received recognition from Forbes as part of the 30 Under 30 Asia list for his work in healthcare technology with JustDoc.
- Research and Publications: Published research on stock market volatility during his academic tenure, gaining acclaim in scholarly circles.
Current Work and Impact
Currently, Jugal Anchalia is at the helm of Refold AI, leading the company's mission to transform the enterprise software integration landscape. By automating API integrations, Refold AI aims to reduce reliance on traditional consulting models, which are both costly and manual. The impact of his work is significant in the AI sector, as it introduces efficiency and scalability into enterprise operations—areas that have been historically cumbersome and time-consuming. Anchalia’s leadership in Refold AI highlights his commitment to pushing technological boundaries while delivering tangible benefits to corporate ecosystems through advanced AI applications.
Conclusion
Jugal Anchalia continues to be a driving force in the tech entrepreneurial world with his innovative approach to solving complex enterprise challenges through automation and artificial intelligence. With Refold AI, he has ventured into transforming how enterprises deal with API integrations, reducing costs, and hastening deployment times. His previous success with JustDoc and the positive market reception of Refold AI suggest a promising future, underscoring his transformative impact on enterprise technologies and beyond.