An Interview With Kumar Patel, CEO and Founder of Omnidya AI

On the Best Advice He’s Received and How Hip Hop Keeps it Going

Omnidya
Omnidya
Mar 25, 2019 · 4 min read
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What is Omnidya? We leverage artificial intelligence to provide consumers with the best deals on home insurance…in under 60 seconds. Pretty awesome, right?

We’re launching to the public soon. So get to know our CEO and Founder, Kumar Patel.

How did you come up with the idea for Omnidya?

The process took up an entire weekend before I decided to pull the trigger with Geico. This got me thinking about how much time I’m spending in other areas as well.

Travel planning is another thing where everyone I know spends countless hours before making a purchase. Thinking about that led me to wonder, “What if a there was a bot version of me to take care of me?” Specifically, in terms of the service industry where prices vary based on an individual’s background and demographic.

What differentiates Omnidya from companies currently making waves in insurtech such as Hippo and Lemonade?

With that said - we don’t mean cheaper is always better. Everyone has different needs based on their assets and liabilities, basic coverage needs, and the protection they want. There’s certainly a piece of mind that comes with having a great policy and knowing you paid fair market value for it.

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Hello, it’s us.

What were you up to before Omnidya?

As President of KNVP Ventures, I diversified the company with equities in several commercial properties, tech start-ups, and stock holdings in publicly traded enterprises. Prior to that, I was Chief Strategic Officer at CJT Communications.

Editor’s note: Kumar also holds a Juris Doctorate (JD) from California Southern Law School and received his BA in Political Science from UC Riverside.

What music is on your work playlist?

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“Started from the bottom now we here”

“Blessings on blessings on blessings”

“One man can change the world”

“Still here”

There are more…

Who are your role models?

Warren Buffett — Financial literacy.

Elon Musk — Work habit and pushing through despite naysayers.

The late Paul Allen & Bill Gates — Humble while having it all.

Satya Nadella — As an immigrant, I can relate to some of the hardships while never giving up on family.

Any books you’re currently reading?

The best advice you’ve been given as an entrepreneur?

Any advice for aspiring entrepreneurs?

About accounting — every entrepreneur should know exactly where every penny from their bank account is going. In addition to leading to better financial management, this will help you control your burn rate.

What’s next for Omnidya?

Keep Up with Kumar:

Omnidya AI

Artificial Intelligence. InsurTech. Future.

Omnidya

Written by

Omnidya

Get Insurance. Skip the Agent. Using #AI to create win-win scenarios between enterprises and consumers for deals on home insurance and more. http://omnidya.com/

Omnidya AI

Artificial Intelligence. InsurTech. Future.

Omnidya

Written by

Omnidya

Get Insurance. Skip the Agent. Using #AI to create win-win scenarios between enterprises and consumers for deals on home insurance and more. http://omnidya.com/

Omnidya AI

Artificial Intelligence. InsurTech. Future.

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