ORAI Robotics, an Indian Conversational AI platform, has raised USD 876K (INR 6.5 cr) in a Pre-Series A funding round led by Inflection Point Ventures on 13 January 2022.
[1 USD = 73.95 INR]
Investors: Inflection Point Ventures led the latest funding round. Founded in 2018, IPV is an angel investing platform with more than 6,000 CXOs, HNI and Professionals to together invest in start-ups. The firm supports new-age entrepreneurs by offering them monetary and experiential capital and connecting them with a diverse group of investors.
The Objectives behind the funding: The company plans to deploy the current proceeds to expand sales and marketing, to capture larger markets, product development and enhancements, and towards R&D.
About ORAI Robotics
Founded in 2020 by Sujit Das Biswas and Swapnil Jain, ORAI is an AI-Powered Conversational Platform. The company’s business platform and an AI-powered robotic virtual assistant is curated for education, automobile, and the healthcare industry, enabling clients to get qualified leads without any human intervention. ORAI’s Conversational AI “Oshi” is a virtual assistant designed for amplifying the performance of poor quality leads and bringing more MQL and SQL. The company has also introduced WhatsApp commerce, where it automates business conversations over WhatsApp with the power of AI. It charges a one-time integration fee and a monthly subscription fee based on usage scale. ORAI currently has 100+ customers, including Sayaji Hotel, Group Landmark, GMR Delhi, Kataria Group, Emcure etc. ORAI’s Platform is also integrated with CRM (Salesforce) and ERP (SAP); hence any information that a customer, retailer, or distributor is looking for is just a WhatsApp message away, like payment details, quotations, outstanding summary, order status etc.
What the Founder has to say:
Swapnil Jain, Co-Founder and CEO, ORAI, says, “As IPV continues to show trust in our business growth, with the 2nd round led by the Platform, we are all set to expand our operations nationally and internationally. With WhatsApp Commerce becoming the biggest demand in the industry, ORAI has received multiple appreciations from customers for its high tech, high performing platform.”
What the Investor has to say:
Vinay Bansal, Founder & CEO, Inflection Point Ventures, says, “AI-driven chatbot has witnessed an upsurge in demand as it helps business to grow and function holistically. Similarly, ORAI has evolved exponentially as a robust AI conversational platform catering to 14 sectors, including healthcare, real estate, education, automobile, among others. This platform ensures end to end solutions to the customers and clients, thus enabling a smoother customer interface, streamline operations, quicker lead generation and also maximise ROI on digital marketing spends. We at IPV look forward to supporting ORAI’s vision to grow beyond boundaries and be the leaders in AI conversational space.”
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