CoRover Raises $4 Million in Series A
CoRover, a Bengaluru, India-based conversational AI startup that offers end-to-end managed ChatBot as a Service (CaaS), has raised $4 million in Series A funding.
The round was led by Venture Catalysts, with participation from CanBank Venture Capital Fund (CVCFL), IIM Calcutta (Innovation Park), IIIT Delhi (iHub Anubhuti IIITD Foundation), and others.
Venture Catalysts is a venture capital firm founded in 2016 and based in Mumbai, Maharashtra, India. The firm prefers to invest in the Internet of Things, software, and digital health sectors.
The company will use the funds to expand its AI team and accelerate its market strategy across various sectors, including B2G, B2B, and B2C.
Founded by Ankush Sabharwal and Kunal Bhakhri, CoRover offers a managed Chatbot as a Service (CaaS) and an AI-based VideoBot platform, accessible across multiple channels. Their innovations include BharatGPT, a large language model tailored for Indian contexts. The startup's AI bots are available on various platforms, including websites, apps, WhatsApp, IVR, SMS, Microsoft Teams, and various social media platforms. CoRover serves diverse industries such as e-commerce, healthcare, finance, and education.
Funding Details
Company: CoRover Private Limited
Raised: $4.0M
Round: Series A
Funding Date: September 2024
Lead Investor: Venture Catalysts
Additional Investors: CanBank Venture Capital Fund, IIM Calcutta, IIIT Delhi
Company Website: https://corover.ai/
Software Category: Conversational AI