- AI chatbot startup has announced that it has fresh funding of $7,50,000 in a seed funding round driven by Pi Ventures and Stellaris Venture Partners.
- The fund will be used to increase the efficiency of the workforce and scale up the go-to-market operations.
- The startup is currently serving more than 25 brans across different categories such as the fashion, beauty and cosmetics, and health and wellness verticals
Faridabad-based Limechat, an AI chatbot startup has announced that it has raised fresh funding of $7,50,000 (INR5.64 crore) in a seed funding round driven by Pi Ventures and Stellaris Venture Partners. A group of investors including Flipkart CEO Kalyan Krishnamurthy, Sujeet Kumar, Ramakant Sharma, Dilip Khandelwal, and others also participated in the financing.
According to the startup, the funding will be used to hire bright minds of the market to strengthen the team and scale up the go-to-market operations.
Founded amidst in 2020 by Aniket Bajpai and Nikhil Gupta, LimeChat a platform that provides a personalized shopping experience for D2C companies on chat platforms using L3 conversational AI.
LimeChat has emerged as one of the best platforms that are delivering great conversational experiences to customers on platforms including WhatsApp and Facebook Messenger. Before today’s funding, the company had already received from Stellaris Venture Partners and International Finance Corporation.
“When we started, the word ‘chatbot’ was an overused term, and the value being delivered through them was very limited,” LimeChat co-founder Nikhil Gupta said. “We wanted to leverage our AI research background to develop cutting-edge conversational intelligence capable of delivering exceptional customer experiences.”
The startup is currently providing chat service to more than 25 different categories of brands such as the fashion, beauty and cosmetics, and health and wellness verticals. “Limiting our focus solely to the e-commerce vertical enabled us to engineer the tailormade contextual interactions which customers desire,” co-founder Aniket Bajpai said.
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Speaking on the investment, Pi Ventures Principal Shubham Sandeep said, “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.
“Assisted commerce is a massive market ripe for disruption. LiveChat’s differentiated, Level 3 conversational AI enables any chat medium to become a sales channel.
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