In its Series A round headed by Venture Catalysts, conversational AI startup CoRover has raised $4 million. Other participants include Lead Angels, IIIT Delhi (iHub Anubhuti IIITD Foundation), IIM Calcutta (Innovation Park), Cogniphy LLC, Karekeba Ventures, and others.
The Bengaluru-based startup raised an undisclosed sum from Canbank Venture Capital Fund Ltd (CVCFL) earlier in July 2021 through its fund VI.
The money raised will be put toward expanding its team of AI specialists, developing its technology even more, and accelerating its go-to-market plan. Along with exploring new revenue streams through subscription-based models, ad-based revenue, and transaction-based fees, it also intends to improve its enterprise (B2G and B2B), B2B2C, and B2C offerings.
CoRover is a startup founded by Ankush Sabharwal, Kunal Bhakhri, and Manav Gandotra. It provides managed Chatbot as a Service (CaaS) with self-onboarding support and an AI-based VideoBot platform to help businesses reduce expenses, increase revenue, enhance customer satisfaction, and streamline operations.
In addition to supporting over 100 foreign languages and 12 Indian/vernacular languages, CoRover provides its AI bot services via a variety of channels, including websites, apps, WhatsApp, IVR, SMS, Microsoft Teams, and other social media and instant messaging channels. The services are available in text, voice, and video formats.
Among its innovations are BharatGPT (LLM), AskDISHA (at Indian Railways & IRCTC), Ask PAi (at NPCI), AskMitra (at LIC), Chetna (at DMRC), and SEVA (at SEBI). CoroAssist is a secure Gen AI based copilot for enterprises. eSevak is Conversational Citizen Grievances Management.
