AI-based chatbot startup, LimeChat has raised $750,000 in Pi Ventures led seed funding. The round also saw participation from Stellaris Venture Partners, Kalyan Krishnamurthy – Flipkart CEO, Sujeet Kumar, Dilip Khandelwal, Ramakant Sharma, among others.
The startup aims to use the funds raised for strengthening the team and boost its go-to-market operations.
Co-founder of LimeChat – Nikhil Gupta said, “When we started, the word ‘chatbot’ was an overused term, and the value being delivered through them was very limited. We wanted to leverage our AI research background to develop cutting-edge conversational intelligence capable of delivering exceptional customer experiences.”
Commenting on the fresh funding, Shubham Sandeep, Pi Ventures Principal stated, “At Pi, we back ventures solving large global problems using disruptive technology, and LimeChat fits the bill perfectly. Conversational commerce is taking off as evidenced by over 100 million business accounts across WhatsApp and Facebook Messenger.”
Partner at Stellaris Venture Partners – Alok Goyal added, “Assisted commerce is a massive market ripe for disruption. LimeChat’s differentiated, Level 3 conversational AI enables any chat medium to become a sales channel.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.