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Venture Catalysts leads $4 Mn Series A round in CoRover

EntrackrEntrackr · 11m 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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Venture Catalysts leads $1 Mn bridge round in BluWheelz

EntrackrEntrackr · 1y ago
Venture Catalysts leads $1 Mn bridge round in BluWheelz
Medial

Tech-enabled delivery company BluWheelz has raised $1 million in a bridge funding round led by Venture Catalysts. The round also saw participation from FAAD, LetsVenture, and Chakra Growth Fund. Founded by Apoorva Ranjan Sharma, BluWheelz operates in 18 cities with a fleet solution covering two-wheelers, three-wheelers, and four-wheelers. The startup claims to have a fleet base exceeding 1,200 vehicles, and operations in presence in over 18 cities. It works with vehicle OEMs like Eicher-Volvo and Tata Motors, and has strategic alliances for charging and parking infrastructure. That said, Venture Catalysts invests between $250,000 and $2 million in early-stage startups. The cumulative valuation of the startups invested by Venture Catalysts is over $10 billion.

Venture Catalysts leads pre-Series A round in payment ring startup Seven

EntrackrEntrackr · 2m ago
Venture Catalysts leads pre-Series A round in payment ring startup Seven
Medial

Venture Catalysts leads pre-Series A round in payment ring startup Seven Mumbai-based fintech startup Seven, the maker of contactless payment smart ring, 7 Ring, has raised Rs 4 crore in its pre-Series A round led by Venture Catalysts. The round also saw participation from existing investor Vinners and Anchorage Capital Partners, backed by the Sheth family office. The proceeds will be used to scale production of the flagship 7 Ring, launch a more affordable variant called 7 Ring Air by Q2 FY26, and expand distribution through metro stations and e-commerce platforms like Amazon and Flipkart. Founded by Vijay Khubchandani, Mahek Savla, and Karthik Menon, Seven offers a wearable fintech solution that enables secure tap-and-pay transactions via NFC, without the need for charging, PINs, or smartphones. The RuPay and MasterCard-certified device links to a prepaid wallet powered by UPI and is designed with an IP68-certified zirconia ceramic build. Seven earns revenue through POS and metro interchange fees, and has begun beta testing NCMC compatibility and is working on credit card tokenization. The firm gained early visibility on Shark Tank India and now aims to deploy 30 lakh rings by 2028, targeting daily metro commuters and UPI users.

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