CoRover, a Bengaluru-based conversational AI startup, has raised $4 million in its Series A funding round led by Venture Catalysts.
This round saw participation from several notable investors, including CanBank Venture Capital Fund (CVCFL), IIM Calcutta (Innovation Park), IIIT Delhi (iHub Anubhuti IIITD Foundation), Cogniphy LLC, Karekeba Ventures, and Lead Angels, among others.
The raised funds will be used to advance its technology, expand its team of AI experts, and accelerate its go-to-market strategy. With this investment, the startup aims to enhance its offerings across Enterprise (B2G and B2B), B2B2C, and B2C sectors while also exploring new revenue streams through subscription-based models, ad-based revenue, and transaction fees.
Co-founders Ankush Sabharwal and Kunal Bhakhri, said, “With this investment, we are equipped with the required arsenal to advance our GenAI-powered conversational AI, expanding its reach and influence, all while staying true to our commitment to human-centric innovation. Our endeavour is to make technology more human, aptly bridging the gap between man and machine interaction to echo human-to-human interaction.”
“CoRover is a composite AI platform built on innovative, patent-pending technology integrating AI, machine learning (ML), natural language processing (NLP), augmented reality (AR), virtual reality (VR), and Internet of Things (IoT) for seamless integration of our conversational AI solutions even across industrial settings. Our vision is for all systems (hardware or software) to communicate as humans do. Our platform leverages BharatGPT, an indigenous sovereign AI (Large Language Model, LLM) renowned for its accuracy, contextual relevance, cultural awareness, and commitment to responsible AI practices,” Ankush added.
Apoorva Ranjan Sharma, Co-founder and Managing Director of Venture Catalysts, stated, “CoRover represents the future of human-machine interaction. Their innovative approach to creating human-centric conversational AI aligns perfectly with the growing demand for more natural and effective digital interactions. We believe their platform has the potential to transform how businesses engage with customers across various industries.”
Founded by Ankush Sabharwal (CEO), Kunal Bhakhri, and Manav Gandotra, CoRover offers conversational AI Chatbot as a Service (CaaS), AI VoiceBots, AI VideoBots, IVR bots, and WhatsApp bots to reduce costs, enhance revenue, and improve customer experience and operational efficiency.
The startup’s AI bots are accessible across multiple channels, including websites, apps, WhatsApp, IVR, SMS, Microsoft Teams, and various social media platforms.
The company said its solutions can improve revenue growth through lead generation and engagement, enhance profits by automating up to 70% of customer support and elevate customer experiences through personalisation and multi-format capabilities.
It further said that its solutions impact over a billion users across more than 100 languages and 20 channels.
The startup’s offerings cater tovariousf industries, including e-commerce, healthcare, finance, education, BFSI, mobility, and retail. CoRover aims to provide solutions that meet the needs of businesses of all sizes, from small enterprises to large corporations, across various geographic regions.
CoRover has developed several notable innovations, including BharatGPT (LLM), CoroAssist – a secure GenAI-based copilot for enterprises, eSevak for conversational citizen grievances management, AskDISHA at Indian Railways & IRCTC, Ask PAi at NPCI, AskMitra at LIC, Chetna at DMRC, and SEVA at SEBI.
