GenieTalk, a Conversational AI startup, announced it has raised its first round of angel investment of $750,000 from Shankeshwar Technologies LLP at a valuation of $10 million, according to YourStory report.
The Indore-based startup will use the current funding for developing its SaaS-based platform that helps businesses build tailored and personalised AI-powered virtual assistants, more often referred to as chatbots and voice bots.
“Our delivery model is a SaaS platform through which the customer can use the chatbot by embedding a small script into their services. This can be purchased as a plan or pay as you go services,” said Vivek Jain, Co-founder, GenieTalk.
Founded in 2016 by Santosh Kataria, Ankit Kimtee, and Vivek Jain, GenieTalk as a virtual assistant uses AI to bring conversation commerce with a personalised experience on the app. It gives smooth experience with voice and chat conversations for quick and easy transactions. The company aims to bring all the transactional needs like travel, food, entertainment, bill payments etc, on one platform with an intuitive and unified interface and intelligence.
The OGenie app is selling exclusive membership with Airtel Payments Bank, HDFC Times Card, JioSaavn , Freecharge, Phonepe etc. The Genie ELITE membership offers various benefits, including flight rescheduling, discounted cancellations, and complimentary seats.
“We are doing what Google and Facebook are doing with billions of dollars and unlimited resources, with minimal resources, remote location, and with few but immensely talented AI brains. AI tech is in the nascent stage, and it will take years to reach our goal. The pandemic has super-accelerated this growth; the demand we envisioned in the next five years is happening now,” added Ankit Kimtee, Co-founder, GenieTalk.
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