GenAI stratup Devnagri raises funding in a pre-Series A round led by Inflection Point Ventures

Devnagri, a Gen-AI startup that personalizes business communication for non-English speakers, has raised an undisclosed amount in a pre-Series A funding round led by Inflection Point Ventures, a Gurugram-based angel investment firm.

The startup plans to use the raised capital for marketing, sales, technology scaling, R&D, infrastructure and administrative expenses.

Specializing in personalizing business communication

Devnagri specializes in personalizing business communication to cater to non-English speakers, making it hyper-local and more accessible.

The startup leverages advanced NLP and SLM models to excel in contextualizing and personalizing content, seamlessly integrating its technology into both private and government infrastructures. Its innovative solutions address the unique linguistic needs of diverse audiences, enhancing communication and engagement.

“Communication is for the Receiver” Hence, Law of Attraction will only work when business communicates well with their audiences. As part of the vision, we are focussed on our approach of creating a layer of Hyper Local communication to enable the businesses to communicate with their customers in their language," said Nakul Kundra, Co-Founder, Devnagri.

"Taking a step forward, we are moving towards offering the enterprises and Government departments with a private cloud infrastructure, to maintain their ownership on their content and by keeping the LLMs/SLMs trained with every usage by the customer. "Privatisation of Business Communication" is the need of an hour," Kundra added.

Who are the founders?

Devnagri was co-founded by Nakul Kundra and Himanshu Sharma, both of them bring over 15 years of entrepreneurial experience to the company.

Nakul Kundra, an MBA in Marketing & Finance, has a rich background in business strategy and management. 

Himanshu Sharma, also an MBA in Marketing and a skilled coder, combines technical expertise with business acumen. Together, their diverse skill sets, and extensive experience drive the innovative vision and growth of Devnagri.

Penetrating the Indian language ecosystem

With top-quality BLEU scores in Indian languages, Devnagri is focused on penetrating the Indian language ecosystem.

By expanding from NLP products to GenAI and SLM, the startup aims to empower customers to personalize their content, meeting the urgent need for localized communication.

“In India, where more than 700 languages are spoken, translating it is a challenging task from the perspective of accuracy, context, and cultural nuances. These issues impact communication, business expansion, and user experience. Devnagri addresses these problems by leveraging AI-powered human translation. The platform ensures precise translations, context-awareness, and localization, enabling seamless communication across diverse Indian languages," said Mitesh Shah, Co-Founder of Inflection Point Ventures.

The opportunity market for Devnagri will be valued at $100 Billion Globally by 2030 ($53 billion in India, growing at a CAGR of 6.7%), and it will continue growing with the growth of all content-rich industries. As the language industry is just getting started in India, it will create subindustries and change the way of communication for everyone.