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Venture Catalysts leads $4 Mn Series A round in CoRover
Entrackr
ยท
10m ago
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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BharatGPT Maker CoRover Raises $4 Mn To Bolster Its GenAI Ops
Inc42
ยท
10m ago
Medial
CoRover, the creator of BharatGPT, has raised $4 million in a Series A funding round led by Venture Catalysts. The funds will be used to enhance their conversational AI chatbots and expand their team of AI experts. CoRover has been profitable for the past three years and aims to strengthen its technology and go-to-market strategy.
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CoRover, Pepsales, Tuco bag early-stage funding
VCCircle
ยท
10m ago
Medial
Conversational AI startup CoRover has secured $4 million in a Series A funding round led by Venture Catalysts. CoRover helps businesses create personalized conversational experiences through various platforms. Pepsales, an AI-powered SaaS platform for sales teams, raised $1.1 million in pre-seed funding led by Chiratae Ventures. Tuco Intelligent, a kids' personal care brand, raised $2 million in seed funding led by Fireside Ventures and Whiteboard Capital. These investments will enable CoRover, Pepsales, and Tuco to further develop their technologies and expand their operations.
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Google likely to inject another $4 Mn in AI startup Corover
Inc42
ยท
1y ago
Medial
Google is reportedly planning to invest another $4 million in Indian artificial intelligence startup Corover. The tech giant had already invested $500,000 in Corover earlier this year and acts as a strategic partner, providing credit for access to cloud computing. Corover offers a large language model called BharatGPT, supporting more than a dozen Indian languages. The fresh investment will be used for business scaling. Corover is also backed by CanBank Venture Capital Fund, Lead Angels, Cognify, Karekeba Ventures, and IIIT-Delhi.
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CoRover AI secures $4 million in funding round led by Venture Catalysts
Economic Times
ยท
10m ago
Medial
Indian startup CoRover AI has raised $4m in a Series A funding round led by Venture Catalysts. Other participants in the round included CanBank Venture Capital Fund and IIM Calcutta. The funding will be used to develop CoRover's technology, expand its team and accelerate its go-to-market strategy. The Bengaluru-based company offers generative AI-powered conversational bots for businesses across various industries. CoRover's platform aims to make AI technology more human, enabling hardware and software systems to communicate as humans do. The firm's solutions have been deployed by partners such as Indian Railways and LIC.
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Venture Catalysts partially exits Insurance Samadhan with returns up to 3.65x
IndianStartupNews
ยท
1y ago
Medial
Indian venture capital firm Venture Catalysts has announced a partial exit from Insurance Samadhan, yielding up to 3.65x returns on its initial investment. The tech-based platform specializes in resolving insurance complaints. Venture Catalysts had invested in Insurance Samadhan in a Seed and pre-Series A funding round. Insurance Samadhan has also raised $2 million in a Series A funding round, showcasing significant growth and becoming a trusted platform for resolving insurance grievances. Venture Catalysts typically invests $250,000 - $2 million in early-stage startups.
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Venture Catalysts leads $1 Mn bridge round in BluWheelz
Entrackr
ยท
1y ago
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.
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Venture Catalysts leads pre-Series A round in payment ring startup Seven
Entrackr
ยท
1m ago
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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Venture Catalysts makes partial exit in metaverse skill tech Cusmat with over 4.2 times returns
Economic Times
ยท
1y ago
Medial
Venture Catalysts had first invested in Cusmats seed round in 2020 and took an exit in the $3.5 million Series A round that the startup raised from Arkam Ventures, Unitus, Better Capital, We Founder Circle, 9Unicorns, and MapMyIndia amongst others.
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Plant-based kidsโ clothing brand Kidbea raises $1 Mn led by VCats
Startup News FYI
ยท
1y ago
Medial
Kidbea, a bamboo-based kids' fashion brand, has secured $1 million in a pre-Series A funding round led by Venture Catalysts. The round also included participation from Agility Ventures, BestVantage Investments, and notable individuals including founders of Droom and a celebrity actor from Japan. The funds will be utilized for marketing, team expansion, operational improvements, R&D, and technology. Kidbea aims to become a Rs 500 crore brand within the next three years and has witnessed significant revenue growth in FY23.
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The Hosteller, RecommerceX, LiaPlus AI, Nautical Wings bag early-stage funding
VCCircle
ยท
11m ago
Medial
The Hosteller, RecommerceX, LiaPlus AI, and Nautical Wings have all secured early-stage funding. Backpacker hostel chain The Hosteller raised $4 million in a Series A funding round led by V3 Ventures. RecommerceX, a chemical recycling startup, raised $3.6 million in seed funding led by Accel and Kae Capital. Customer support provider LiaPlus AI raised Rs 2 crore in a seed round led by Inflection Point Ventures. Electric propulsion technology solutions startup Nautical Wings received funding from Venture Catalysts and 1Crowd. The funds will be used for expansion, technology development, and business operations.
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