VC Fund Investments
Conversation intelligence platform Convin raises $6.5 M led by India Quotient
Bengaluru-based Convin.ai , an AI-driven platform for virtual assisted selling for businesses, has raised USD 6.5 million in a funding round led by India Quotient with participation from new investor JSW Ventures and existing investors Kalaari Capital, Titan Capital Winners Fund, Sparrow Capital and 9Unicorns. The funding will be used for expanding the company’s core team and distribution channels.Founded in 2021 by IIT Delhi alumni Santhalia, Bharat Patidar, Atul Shree and Durgesh Choudary, Convin.ai provides businesses with tools to increase conversion rates, enhanced customer experience and other benefits across industries, including banking, insurance, finance, ecommerce, edtech, retail, hospitality and travel, real estate, healthtech, BPOs, banks and airlines. It serves more than 80 clients, including brands like Reliance Nippon, Puravankara, Titan, Thyrocare and Lazypay. The startup is projecting a 200% growth in new customers and expects to triple its revenue in 2024-25.
In Mar 2022, Convin.ai had raised USD 2.1 million in a seed funding round led by Kalaari Capital with participation from Good Capital, Plan B Innovations, Bharat Founders Fund, and Digital Sparrow.
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