Summary:

  • Founded by Ankush Sabharwal, Kunal Bhakhri, and Manav Gandotra, CoRover offers a wide range of innovative AI solutions. accessories space.

  • This fresh round is led by Venture Catalysts

  • CoRover’s AI bots can be deployed across various platforms, including websites, mobile apps, WhatsApp, IVR

Conversational AI startup CoRover has successfully secured $4 million in a Series A funding round led by Venture Catalysts. The round also saw participation from notable investors such as CanBank Venture Capital Fund (CVCFL), IIM Calcutta’s Innovation Park, IIIT Delhi’s iHub Anubhuti IIITD Foundation, Cogniphy LLC, Karekeba Ventures, Lead Angels, and several others. This financial boost comes as a significant step for the Bengaluru-based startup, positioning it for accelerated growth and innovation in the AI space.

This isn’t the first time CoRover has attracted investor interest. Back in July 2021, the company raised an undisclosed amount from CanBank Venture Capital Fund Ltd (CVCFL), which was sourced from its Fund VI. This earlier investment set the stage for CoRover’s ongoing expansion and development, providing crucial backing as it advanced its conversational AI offerings.

The newly raised capital will be directed toward multiple facets of the company’s growth. A primary focus will be on further enhancing its technology, specifically by advancing the capabilities of its AI-driven solutions. This investment will also fuel the expansion of CoRover’s team, emphasising hiring additional AI experts to push the boundaries of what their platforms can achieve. The funds will also support CoRover’s go-to-market strategy, helping the company scale its reach and increase its presence across key markets.

CoRover plans to use this capital to not only enhance its existing enterprise (B2G and B2B), B2B2C, and B2C solutions but also to explore new revenue streams. These include subscription-based models, ad-driven revenue, and transaction-based fees, all of which could provide sustainable and scalable income as the company grows.

Founded by Ankush Sabharwal, Kunal Bhakhri, and Manav Gandotra, CoRover offers a wide range of innovative AI solutions under its managed Chatbot as a Service (CaaS) platform. One of its flagship offerings is the AI-based VideoBot platform, which helps organizations streamline costs, boost revenue, and improve both customer experience and operational efficiency. CoRover’s suite of tools and services is designed to be accessible across multiple channels, providing organizations with the flexibility to engage users wherever they are.

CoRover’s AI bots can be deployed across various platforms, including websites, mobile apps, WhatsApp, IVR (interactive voice response) systems, SMS, Microsoft Teams, and other social media and instant messaging channels. These bots come in multiple formats, including text, voice, and video, enabling businesses to choose the best medium for engaging with their customers. One of the unique selling points of CoRover’s platform is its linguistic diversity—supporting around 12 Indian languages and over 100 foreign languages, making it a versatile solution for companies operating in multilingual markets.

Innovation is at the core of CoRover’s product offerings. The company has developed several AI-driven solutions that cater to a range of industries and use cases. Among its notable innovations is BharatGPT, a large language model (LLM) that rivals global AI offerings with a focus on Indian languages and contexts. Another key offering is CoroAssist, a secure generative AI-based copilot designed to support enterprises by automating tasks and providing real-time assistance. The company has also developed eSevak, a conversational platform for managing citizen grievances, which has been particularly useful for government agencies.

CoRover’s solutions are already being deployed in prominent organizations across India. For example, its chatbot “AskDISHA” is used by Indian Railways and IRCTC to provide customer support, while “Ask PAi” is implemented at NPCI to offer financial guidance. Other notable implementations include “AskMitra” at LIC, “Chetna” at Delhi Metro Rail Corporation (DMRC), and “SEVA” at SEBI, all of which highlight CoRover’s widespread adoption across various sectors.

With its latest funding, CoRover is well-positioned to continue scaling its operations and introducing new AI innovations that cater to the growing demand for intelligent conversational platforms across industries. The company’s focus on technological advancement, team expansion, and a robust go-to-market strategy will be crucial as it navigates the competitive landscape of conversational AI.