NUVO Champions Data Ownership And Inclusion With Its Blockchain-Powered Data Wallet

Inclusivetech startup NUVO is redefining how individuals access, own, and share their personal data. Founded in 2023 by Smriti Chaudhary and Saurav Raaj, the startup addresses a key challenge in India’s digital ecosystem — improving data access and control to strengthen financial and healthcare inclusion, especially among rural

women. With over half of rural women lacking mobile phone ownership and limited awareness of data rights, millions remain excluded from essential digital services, while organizations struggle with compliance due to inadequate consent management systems.

To bridge this gap, NUVO has built a Personalized Data Wallet powered by blockchain and enhanced with Zero Knowledge Proof Computation. This privacy-first platform enables users to securely manage digital identities, store verified data, and share it with institutions through a Universal Consent Layer that ensures privacy and compliance. It empowers individuals to take charge of their personal information while providing organizations with a trusted, consent-based data exchange framework.

Participation in the Kotak BizLabs Accelerator Programme provided NUVO with strategic mentorship, business insights, and access to a strong network of partners and experts. The programme helped NUVO refine its technology roadmap and strengthen its model for scalability and impact.

Smriti Chaudhary, Co-founder of NUVO, said, “At NUVO, our goal is to create a future where every individual has full control over their data. Kotak BizLabs played a crucial role in helping us sharpen our strategy and align innovation with real-world inclusion.”

Himanshu Nivsarkar, Head – CSR & ESG, Kotak Mahindra Bank Ltd., said, “NUVO reflects the spirit of inclusive innovation that Kotak BizLabs strives to nurture. By building technology that bridges access gaps and strengthens trust, startups like NUVO are laying the foundation for a more equitable digital future.”

With its privacy-first, blockchain-powered solution, NUVO is setting new standards in inclusivetech — making data ownership a right and driving meaningful inclusion across India’s digital economy.