Biography of Ashish Dar: Founder and Director of Innowave eVentures -Entrepreneur
Story of Ashish Dar:
The Foundation Years
Ashish Dar's journey began with a solid educational
foundation. He pursued his BE in Electrical and Electronics Engineering at the
Birla Institute of Technology, Mesra, graduating in 1993. Prior to that, he
studied at St. Xavier's in Ranchi, where his interest in analytical thinking
and systematic problem-solving first took root. These formative years set the
stage for a career driven by curiosity, technology, and a love for structured
learning.
A Career Rooted in Analytics and Strategy
With more than 25 years of experience across sectors and
geographies, Ashish became a seasoned expert in advanced analytics, machine
learning, and operations strategy. His professional path has been deeply
intertwined with both the manufacturing and services sectors. He is known for
his deep understanding of how analytics can drive strategic decisions and
transform operations across complex systems.
Building Expertise Through Diverse Skills
Throughout his career, Ashish developed expertise in an
array of specialized areas. From advanced statistical modeling and prediction
algorithms to business excellence tools like Lean Six Sigma, TQM, and TPM, he
has used these methods to solve critical problems. His ability to blend
technical skills with business thinking has helped him lead transformational
projects across industries.
Embracing the Entrepreneurial Spirit
Driven by a passion for creating impact and challenging the
norm, Ashish co-founded multiple startups. One of his key ventures, Innowave
eVentures, focuses on building smart analytical solutions for the retail
apparel industry. Their flagship product, ReconeXt, is a recommender engine
that helps users discover fashion products quickly and get real-time personal
style advice, improving both customer experience and sales conversion.
Biography of Ashish Dar: Founder and Director of Innowave eVentures -Entrepreneur #startup#age#net worth#Innowave eVentures#Ashish Dar story#biography
Leading Innovation with Innowave
As the Founder and CEO of Innowave, Ashish has blended his
passion for analytics with entrepreneurial vision. Under his leadership, the
company grew to a team of over 40 people, crafting tech-driven solutions that
marry AI with user personalization. His approach always prioritizes customer
satisfaction, business impact, and smart innovation.
Real-World Impact at Microsoft
In one of his key consulting projects, Ashish helped
Microsoft tackle a major challenge: reducing broadband customer
dissatisfaction. With overall dissatisfaction levels at a high 34%, he built a
predictive model using non-parametric data, dimensionality reduction, weighted
decision tree classifiers, and regression techniques. The result? A sharp drop
in dissatisfaction, reaching levels under 10%, with a model margin of error
below 10%.
Sharing Knowledge as a Professor
With his extensive industry experience, Ashish now gives
back to the academic world as a Visiting Professor. He teaches Entrepreneurial
Strategy at the Mesa School of Business, which was founded by top B-school
alumni, and Business and Marketing Analytics at Symbiosis Institute of Business
Management in Bengaluru. His teaching style draws from real-world startup
experience, making complex concepts practical and relatable.
Mentoring Future Entrepreneurs
Beyond teaching, Ashish plays a vital role in nurturing the
next generation of innovators. At JAGSoM – Jagdish Sheth School of Management –
he serves as a Startup Mentor for their Incubation and Innovation Centre. Here,
he guides aspiring entrepreneurs, helping them shape their ideas and navigate
early-stage startup challenges.
Advisor at Miss Momo
In addition to his academic and startup work, Ashish serves
as a strategic advisor for Miss Momo, a growing venture in the food space. His
role involves shaping business strategy, leveraging analytics, and helping the
team scale their operations effectively. His cross-domain experience allows him
to offer unique perspectives that fuse creativity with analytical rigor.
A Believer in Lifelong Learning
Ashish doesn’t believe in standing still. His continued
interest in evolving fields like deep learning, process transformation, and
innovation management reflects his growth mindset. Whether it’s through
mentoring, teaching, or leading a tech startup, he constantly seeks out new
learning opportunities and believes in pushing boundaries.
An Engineer Who Thinks Like a Strategist
While his formal training is in engineering, Ashish’s real
strength lies in blending technical depth with strategic thinking. He’s just as
comfortable designing a machine learning model as he is mapping a business
roadmap. This rare combination has made him a valuable asset in every venture
he touches, from startups to multinational consulting.
Always Searching for What’s Next
Today, Ashish Dar continues to wear many hats—entrepreneur,
mentor, advisor, and educator. Yet, he remains a curious soul, always in search
of the next startup idea. His journey is far from over, and his story serves as
inspiration for those who want to combine technology, business, and purpose to
build something meaningful.
A timeline with dates and concise one-liners:
1993: Graduated BE in Electrical & Electronics
Engineering from BIT Mesra.
1990s–2010s: Gained 25+ years of experience in analytics,
ML, and operations strategy.
2010s: Developed expertise in Six Sigma, TQM, TPM, and
advanced statistical modeling.
2015: Co-founded Innowave eVentures focused on AI for retail
fashion.
2017: Launched ReconeXt, a personalized fashion recommender
engine.
2018: Led Microsoft consulting project, reducing broadband
dissatisfaction to <10%.
2020: Became Visiting Professor at Mesa School of Business
and Symbiosis.
2021: Started mentoring startups at JAGSoM Incubation and
Innovation Centre.
2022: Appointed Strategic Advisor to Miss Momo in the food
sector.
2023–Present: Continues evolving through deep learning,
innovation, and entrepreneurship.
