Arrowhead, a Bengaluru-based voice AI startup, has raised $3 million in a seed funding round led by Stellaris Venture Partners.
The round also saw participation from marquee angel investors, including Kunal Shah (Founder, CRED), Madhusudanan under, M2P), and senior fintech executives Keyur Rajiv Kash Turtlemi ramod Mohandas (Kissht), and Shadab Shamim (Kissht).
The fresh funds raised will be used to strengthen its core AI models, expand its technology and go-to-market teams, and drive higher conversion outcomes for financial services sales.
Founded in 2022 by Devyani Gupta and Vengadanathan Srinivasan, Arrowhead is a Voice AI platform building human-like, high-converting sales agents for the financial services sector.
The company enables banks, NBFCs and fintechs in India a bally re e their top-performing sales agent behaviour at scale through ultra-human Voice AI bots that deliver the highest-converting conversations.
At the core of Arrowhead’s platform is a completely home-grown orchestration layer that enables Voice AI bots to conduct conversations lasting up to 20 minutes without customers realising they are speaking to a bot. The platform is designed to deliver natural, compliant conversations and consistently strong responses at scale. From August to October alone last year, Arrowhead grew its ARR 5x, reflecting rapid enterprise adoption. To date, every proof-of-concept Arrowhead has participated in has converted into a go-live deployment, with the company yet to lose a single POC.
Arrowhead’s Voice AI bots now conduct full-length health insurance sales calls, delivering 45% higher conversion rates than human agents and fully replacing manual calling operations.
Arrowhead currently operates across India and Southeast Asia, serving over 50 customers across a range of BFSI use cases. The company works with leading institutions, including Bank of Baroda Cards, Aditya Birla Capital, Paytm, Tata 1MG, upGrad, Kissht, Equentis, Tur t, Insu ekho, M incorp, among many others.
Over the next 12–18 months, Arrowhead plans to deepen its BFSI-specific conversation models, invest in infrastructure supporting tens of thousands of concurrent calls with sub-500ms latency, and develop emotion-aware voice agents as it expands into a unified omnichannel customer interaction platform across chat, calls, and messaging.
Devyani Gupta, Co-founder and CEO of Arrowhead, said, “Indian enterprises have long relied on large human sales teams because labour was considered inexpensive, but this has led to significant inefficiencies, from training and attrition to mis-selling and inconsistent outcomes. We’re building voice AI agents that can handle long, complex sales conversations while delivering meaningfully better conversion outcomes. What’s exciting is how quickly financial institutions are now moving from pilots to full-scale adoption.”
Vardhan Dharnidharka, Principal at Stellaris Venture Partners, said, “Voice AI for the financial sector in India alone represents a $3 billion market, with less than $50 million penetrated so far, highlighting how early we still are in this transition. What’s particularly striking is the speed at which banks and financial institutions are now adopting voice AI, driven by top-down, organisation-wide AI mandates. Arrowhead’s focus on delivering superior conversion outcomes, combined with its strong traction among leading financial institutions, positions it well to capture this opportunity as the market scales.”
