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NPCI, IRCTC, and CoRover launch conversational voice payment system for UPI

Economic TimesEconomic Times · 1y ago
NPCI, IRCTC, and CoRover launch conversational voice payment system for UPI
Medial

The National Payments Corporation of India (NPCI), Indian Railway Catering and Tourism Corporation (IRCTC), and CoRover have introduced conversational voice payments for Unified Payments Interface (UPI). This new feature allows customers to complete transactions using voice commands or by entering their UPI ID or mobile number. It eliminates language barriers, making transactions more accessible and efficient. The technology integrates NPCI's payment gateway APIs with CoRover's voice-enabled generative AI model, BharatGPT. The system has been integrated into AskDISHA, the AI virtual assistant for IRCTC and Indian Railways. Additional features and enhancements are expected in the future.

Former Meta product specialist Tanvi Gupta launches gen AI-powered social app vvibe

Economic TimesEconomic Times · 2y ago
Former Meta product specialist Tanvi Gupta launches gen AI-powered social app vvibe
Medial

Former Meta (formerly Facebook) product specialist Tanvi Gupta and Rishabh Gupta have launched vvibe, a social app that employs generative AI and avatars to foster authentic global connections. vvibe aims to transcend the limitations of traditional social media platforms by using avatars, voice, and AI to encourage genuine connections. Originally conceived as SwoonMe, an avatar and voice-first dating platform, vvibe transformed into an anonymous global network for discourse, focusing on privacy and authenticity in online interactions. The app's unique approach has garnered positive feedback, with over 70% of early users engaging in multiple calls during their first session.

Fundalogical Ventures launches first edition Of FV Trailblazers

EntrackrEntrackr · 1y ago
Fundalogical Ventures launches first edition Of FV Trailblazers
Medial

Fundalogical Ventures launches first edition Of FV Trailblazers Fundalogical Ventures (FV), an investment platform focused on sustainable supply chains, logistics, and peripheral sectors in India, has launched the first edition of FV Trailblazers, an early growth program designed to propel promising companies to industry leadership. The program offers selected companies access to up to $5 million in growth capital, invaluable 1:1 mentorship, strategic guidance, and extensive networking opportunities. FV Trailblazers focuses on a wide array of sectors critical to India’s growth story and the country’s evolving supply chain and logistics landscape. These include optimizing sourcing/procurement and inventory management, manufacturing innovation, warehousing services, automation and robotics, 3PL/4PL services, e-commerce enablers, and reverse supply chain management. According to Fundalogical Ventures, the fund has a keen focus on sustainability, including the growing importance of green logistics, encompassing the entire EV ecosystem, and promoting a circular economy through efficient waste management practices, including plastic waste, e-waste, and battery waste recycling. FV says that this program is designed to provide not only capital but also the strategic guidance and network access necessary to navigate the complexities that fast-evolving businesses demand. It combines its deep domain expertise with the innovative spirit of these companies and drives significant advancements in India’s supply chain ecosystem. The fund is anchored by industry leaders such as Krishna Kotak, Tushar Jani, Suryakant Parekh, Khalid Vohra, and Mehernosh Currawalla, while the management is led by Ratna Mehta.

Venture Catalysts leads $4 Mn Series A round in CoRover

EntrackrEntrackr · 1y ago
Venture Catalysts leads $4 Mn Series A round in CoRover
Medial

Conversational AI startup CoRover has raised $4 million in its Series A round led by Venture Catalysts. CanBank Venture Capital Fund (CVCFL), IIM Calcutta (Innovation Park), IIIT Delhi (iHub Anubhuti IIITD Foundation), Cogniphy LLC, Karekeba Ventures, Lead Angels and others have also participated. Earlier in July 2021, the Bengaluru-based startup had raised an undisclosed amount from Canbank Venture Capital Fund Ltd (CVCFL) from its fund VI. The proceeds will be used to further develop its technology, expand its team of AI experts, and ramp up its go-to-market strategy. It also plans to enhance its enterprise (B2G and B2B), B2B2C, and B2C offerings, while also exploring new revenue streams through subscription-based models, ad-based revenue, and transaction-based fees. Founded by Ankush Sabharwal, Kunal Bhakhri, and Manav Gandotra, CoRover offers a managed Chatbot as a Service (CaaS) with self-onboarding support, an AI-based VideoBot platform to help organizations cut down costs, accelerate revenue, and improve customer experience and operational efficiency. CoRover offers its AI bots services across channels like website, app, WhatsApp, IVR, SMS, Microsoft Teams, and other social media and IM channels, in different formats ranging from text, voice, and video, and even supports around 12 Indian/vernacular and over 100 foreign languages. Some of its innovations include BharatGPT (LLM), CoroAssist (a secure Gen AI based copilot for enterprises), eSevak (Conversational Citizen Grievances Management), AskDISHA (at Indian Railways & IRCTC), Ask PAi (at NPCI), AskMitra (at LIC), Chetna (at DMRC), and SEVA (at SEBI).

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