E-Commerce AI Startup BiteSpeed Raises $3.5 Million From Peak XV’s Surge

BiteSpeed, an e-commerce AI startup, has raised $3.5 million (about INR 29.5 crore) in pre-series A funding, which is being led by the accelerator program Surge from Peak XV Partners. 

Among others, Whiteboard Capital, Bella Vita CEO Aakash Anand, Unacademy CEO Gaurav Munjal, and Meta APAC head Dhruv Vohra participated in the round.

BiteSpeed Fundrasing Purpose

According to BiteSpeed, it has raised a total of $5.6 million in fundraising so far. The business from Bengaluru intends to use the additional funding to grow in the technical, sales, and marketing domains.

The startup has rapidly grown since its inception, empowering brands across 50+ countries to optimize their operations and enhance customer interactions.

Additionally, it wants to increase its presence abroad in Southeast Asia, the Middle East, Europe, and North America.

Read more - BlueGreen Ventures has Launched its Maiden Fund at $75 Million.

About Bitespeed

Founded in 2019 by Vinayak Aggarwal, BiteSpeed is an AI-powered marketing, support, and chatbots suite designed for E-commerce brands. The company's AI-powered platform enables online brands to engage with customers and drive sales across multiple channels, including WhatsApp, Email, SMS, Instagram, and Push Notifications, streamlining the entire e-commerce journey from retargeting to customer support. 

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