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Convin secures $6.5 million in funding for expansion plan

Economic Times

Economic Times · 1y ago

Convin secures $6.5 million in funding for expansion plan

Convin, an AI-powered conversation intelligence platform, has raised $6.5 million in a funding round led by India Quotient. The Bengaluru-based company plans to use the funds to expand its team and distribution channels. Convin provides tools for businesses to increase conversion rates and improve customer experience across industries such as banking, insurance, e-commerce, and more. The startup serves over 80 clients, including Reliance Nippon, Puravankara, and Titan, and expects to triple its revenue in 2024-2025. Investors view Convin's focus on boosting agent productivity and customer retention as an exciting opportunity in the AI-driven contact center space.

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Convin raises $6.5 Mn in Series A round led by India Quotient

Entrackr

Entrackr · 1y ago

Convin raises $6.5 Mn in Series A round led by India Quotient

Conversation intelligence platform Convin has raised $6.5 million in its Series 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 proceeds will be used to expand the core team and distribution channels, Convin said in a press release. Founded in 2021 by Ashish Santhalia, Convin empowers customer facing teams—sales, support, and collections—with AI-based tools to track and analyze agent-customer interactions, driving efficiency and effectiveness. Convin’s platform is segmented into three core product suites: the Real-Time Suite, the Post-Interaction Suite, and the Convin Insights Suite. These suites address critical challenges such as agent inefficiencies, misselling, poor conversion rates, and suboptimal customer experiences across industries including banking, insurance, finance, e-commerce, edtech, retail, hospitality and travel, real estate, healthtech, BPOs, and airlines. The startup claims to have grown 3-folds over the past year, now serving over 80 clients, including major brands like Reliance Nippon, Puravankara, Titan, Thyrocare, and Lazypay. With additional resources, the brand is projecting a 200% increase in new customers and a 3x revenue increase in 2024-25. Early-stage institutional venture capital fund IndiQuotient invests in technology-led startups at seed to Series A stages. Its portfolio companies include ShareChat, Sugar Cosmetics, Giva, Kuku FM, WebEngage, and Vyapar.

Convin Bags $6.5 Mn To Help Enterprises With Sales Intelligence Solutions

Inc42 · 1y ago

Convin Bags $6.5 Mn To Help Enterprises With Sales Intelligence Solutions

Convin, a conversational intelligence platform, has raised $5 million in a Series A funding round led by Sequoia Capital India. The round also included participation from existing investors Kalaari Capital, Titan Capital Winners Fund, Sparrow Capital, and 100 Unicorns. Founded in 2020, Convin has experienced significant growth, serving over 80 clients, including major brands like Reliance Nippon, Puravankara, Titan, Thyrocare, and Lazypay. The company aims to help businesses improve customer interactions through its advanced conversational intelligence technology.

Adani Airports Secures $1 Billion Liftoff for Expansion Plans

StartupTalky

StartupTalky · 2m ago

Adani Airports Secures $1 Billion Liftoff for Expansion Plans

Adani Airports Holdings Limited secured $1 billion in funding for its Mumbai International Airport through a project finance framework, facilitated by Apollo-managed funds and international investors. The funding includes $750 million in notes maturing in 2029 and a provision for raising an additional $250 million. This investment, the first private bond offering in India's airport sector to receive an investment-grade rating, supports infrastructure expansion and MIAL's net-zero emissions target by 2029.

Cred secures $72 million from GIC, other existing investors at lower valuation of $3.5 billion

Economic Times

Economic Times · 2m ago

Cred secures $72 million from GIC, other existing investors at lower valuation of $3.5 billion

Fintech major Cred has raised $72 million at a $3.5 billion valuation, a decrease from its previous $6.5 billion, as part of a strategy for potential public listing in two years. Singapore’s GIC led the funding, with participation from others like RTP Global. Cred reported a revenue of Rs 2,473 crore with operating losses reduced to Rs 609 crore. The company is expanding its financial services, amidst plans for several fintech IPOs in India.

Miraggio, Tan90 Thermal secure Series A funding

VCCircle

VCCircle · 3m ago

Miraggio, Tan90 Thermal secure Series A funding

Fashion brand Miraggio and deep-tech startup Tan90 Thermal Solutions have secured Series A funding. Miraggio raised Rs 55 crore ($6.5 million), led by RPSG Capital Ventures, to expand its product portfolio and retail presence across Asia. Meanwhile, Tan90 Thermal Solutions received Rs 20 crore ($2.3 million) from NABVENTURES and others to diversify product lines for cold chains and expand in Southeast Asia and Africa. Both companies plan to strengthen their positions in their respective markets.

GenAI platform Kore.ai secures $150 million in funding led by FTV Capital

Economic Times

Economic Times · 1y ago

GenAI platform Kore.ai secures $150 million in funding led by FTV Capital

Kore.ai, an enterprise conversational and generative AI platform, has secured $150 million in funding led by FTV Capital. The funding round also saw participation from Nvidia and existing investors. The funds will be used to accelerate market expansion and innovation in AI for the company, which currently automates 450 million interactions a day for millions of consumers and enterprise users worldwide.

QNu Labs bags $6.5 Mn to provide quantum technology-based cybersecurity solutions

Inc42 · 1y ago

QNu Labs bags $6.5 Mn to provide quantum technology-based cybersecurity solutions

Quantum-safe cybersecurity firm QNu Labs has raised $6.5 million in a pre-Series A1 funding round led by Ashish Kacholia of Lucky Investments. The funding will be used for expansion and hiring new talent to bolster the company's growth. QNu Labs offers quantum and post-quantum cryptography solutions for data security and privacy against new-age attacks. The firm aims to solidify India's position as a hub for quantum technology and become a key player in global quantum-safe cybersecurity.

Mela Ventures, Speciale Invest, IPV back separate tech startups with early-stage funds

VCCircle

VCCircle · 1y ago

Mela Ventures, Speciale Invest, IPV back separate tech startups with early-stage funds

Spacetech startup GalaxEye Space, AI quantum startup Bloq Quantum, and deeptech company Acculi Labs have secured early-stage funding. GalaxEye Space raised $6.5 million in a round led by Mela Ventures and Speciale Invest, which will be used to launch their satellite and develop their multi-sensor payload technology. Acculi Labs raised $1.5 million in funding led by Sabi Holding India, while Bloq Quantum raised Rs 1.3 crore in a pre-seed round led by Inflection Point Ventures. The funds will be used for product development, team expansion, and accelerating growth.

Fintech Healthcare Platform CoverSelf Secures $8.2 Million in Seed Funding Round

Business Bytes

Business Bytes · 1y ago

Fintech Healthcare Platform CoverSelf Secures $8.2 Million in Seed Funding Round

CoverSelf, a fintech healthcare platform, has raised $8.2 million in a seed funding round led by BEENEXT and 3one4 Capital. The funding round also saw participation from healthcare industry players and Z21 Ventures. CoverSelf aims to revolutionize healthcare financing by providing innovative solutions for managing healthcare expenses. The funding will support the platform's expansion efforts and further establish its position in the intersection of fintech and healthtech. This funding round highlights the increasing interest and potential in the intersection of finance and healthcare.

Bira 91 secures $25-mn funding from Tiger Pacific Capital

VCCircle

VCCircle · 1y ago

Bira 91 secures $25-mn funding from Tiger Pacific Capital

Indian craft beer brand Bira 91 has raised $25 million in funding from Tiger Pacific Capital. This is part of a larger $50 million fundraise, with existing investor Kirin Holdings also participating. Bira 91 aims to expand its manufacturing footprint to new regions and continue its strong growth trajectory as the fourth largest beer company in India. The brand is known for its premium flavors and operates taprooms in Bengaluru and Delhi NCR. The funding will support its expansion plans and strengthen its position in the Indian beer market.

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