Convin.ai, an Artificial intelligence-driven platform, has raised $2.1 million in its seed funding round from Kalaari Capital with participation from Good Capital, Plan B Innovations, Bharat Founders Fund and Digital Sparrow.
The startup plans to use the funds to improve its end-to-end assisted selling platform and expand product and go-to-market (GTM) teams.
The Bengaluru-based Convin.ai was founded by IIT Delhi alumni Ashish Santhalia, Durgesh Choudhary, Atul Shree, and Bharat Patidar, It is a conversation intelligence platform that works with companies in various domains to provide sales assistants to improve sales.
It also provides businesses with powerful tools to solve critical challenges such as increased conversion rates, sales process overview, conversational intelligence and improved customer experience among others.
“Assisted selling will stay and become even more crucial for enabling better conversions and great customer experience. This validation from leading investors is a huge vote of confidence in our goal of transforming the entire model of assisted selling for businesses and their customers through an all-in-one platform”, said, Durgesh Choudhary, co-founder, and CPO of Convin.ai.
Kalaari Capital, an early-stage company investing in seed and Series A startups, has the following names: Myntra, Snapdeal, MedPlus, Upstox, WazirX, Dream11, cult.fit, Active.ai, and others.
“Disruptive events of the last two years have accelerated SalesTech adoption – remote virtual selling, distributed sales teams and an expanding array of digital customer touchpoints. AI’s progress and sales teams uncovering gaps in the current tech stack have led to the emergence of a new category of SalesTech. The founding team’s deep technical expertise, product thinking clarity, and passion stood out for us. We’re excited to partner with Convin.ai to build a SaaS business that makes sales and customer interactions efficient for organizations worldwide”, said, Kiran Vasireddy, Partner, Kalaari Capital.
In June 2021. The platform had raised $300k in its pre-seed funding round from Titan Capital and 9Unicorns.
Convin uses conversation intelligence to help the sales team close more deals by: 1. Helping them replicate best performing reps: Understand what is working for your reps on calls, uncover the top rep’s secret sauce and replicate it across team. 2. Fastracking Onboarding – Bring new to speed quickly with real call examples that have been working for you. 3. Making sure processes are being followed tightly – To err is human. But it’s the leader’s responsibility to help them correct the mistakes. They help customers to point out things that need to improve on calls so that they can coach their team properly. 4. Market Intelligence – Use calls to understand the market condition and guide their product & marketing teams to lead the market.