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Conversational AI platform ORAI has raised Rs 6.5 crore in a Pre-Series A round funding led by Inflection Point Ventures.
The funds raised will be utilised in expansion in sales & marketing, to capture larger markets, product development and enhancements, and towards R&D.
Speaking on the funding in ORAI, Vinay Bansal, Founder & CEO, Inflection Point Ventures said, “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,” Vinay addee.
ORAI offers all-in-one Conversational AI, customer acquisition platform enabling clients to gain higher revenues & increased ROI using Humanised virtual assistant enabling Realtime 3-way communication, and Automated lead qualification.
Commenting on the fundraise, Swapnil Jain, Co-Founder & CEO, ORAI, said, “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.”