A Cutting-edge GenAI Voice Startup Raising Fund
Email
Phone
Google
LinkedIn
Facebook
Product / Service
A cutting-edge Gen AI Voice Conversation technology, specifically designed for HR-related use cases in the Indian geography.
The company is a cloud-based pre-screening recruitment solution for recruiters and hiring managers. It is an AI-based recruitment solution with calling that assists to map interest-checks and pre-screening interviews with follow-ups and scheduling. Monetizes through subscription-based pricing plans.
The company uses voice AI as a medium to provide services like:
Pre-hire Candidate Engagement
Candidate Fitment Check
Interview Coordination and Notifications
Onboarding Documents & Data Check
Candidate Database Revitalization
The benefits of their services are:
Simultaneous calling at a faster rate, takes 10 times less duration in calling candidates.
Close 5 times more positions with same resources.
With almost zero manual effort in manual calling reduce cost up to 80%.
Get more options of interested candidates.
Pricing of the product is per minute per candidate:
Rs 5 per minute call per candidate
Rs 8 for 2 minutes call per candidate
Rs 5 for 10 minutes call per candidate
Clientele type
Staffing companies, recruitment agents, recruitment teams of mid-size to large size corporations.
They have been providing services in various industries like Automotive & ancillary, BFSI, consumer durables, e-commerce, electricals, FMCG, oil & gas, Information technology, pharma, retail, transportation and logistics to help them hire for entry level, mid level and senior level positions.
Few of their notable clients are Accenture, Adani Power Ltd, Adani green energy, Apollo pharmacy, Asahi India glass, Aditya birla capital, All cargo, Axis bank, Bajaj alliance, CIPLA, Flipkart, Infosys, OLA, Uber, Wipro and more.
Premises
Software corporate office in Ahmedabad
Asking Price Includes
Minimum ticket size per investor is INR 25 Lakhs in this investment round.
Asking Price
INR 7.00 Cr
Minimum ticket size
INR 25.00 L
Reason
Pre-seed round investment round to work towards building a Brand (create a new category, establish as a category leader) - 30%, Sales & Marketing expenses- 20%, Team building - 25%, Product development - 25%
Other Details
The startup has already gained traction with paying Proof of Concepts (POCs) and is generating early revenue. Building Recruit LLM with 95%+ Classification Accuracy, 2T Token, Base Model, ½ m Conv., 2X Better than ChatGPT & Bard, Daily 50,000 Screeners as of Jan 2024.
It helps companies from various industries in different use cases like recruitment, sales and support, etc.
Recently, few companies from similar domain have raised funds.
Babblebots.ai, specializing in conducting human-like interviews in 20+ languages, offering customization for job roles and company branding. has secured an undisclosed amount in a pre-seed round recently in 2023.
Also, Hyderabad-based company hirex.ai, specializing in a no-code Voice AI platform, facilitating the creation of voice-based bots for scalable and automated level one technical interviews secured $19.3k in funding in May 2022, valuing the company at $5.28 million.
Sarvam.AI focusing on building LLMs that use voice as the default interface in India has raised $41 million in 2023.
Business Tags
₹10 to ₹200 Cr
Complete Investment Banking Solution in 120 Days
Seamless Fundraising/M&A transactions
Start your growth journey with our 25+ Years of Experienced Professional Team.
Contact IBGrid TeamFrequently Asked Questions
How to contact a business owner directly to buy or invest in a business?
Connecting with a business owner directly is simple! Just follow these 3 easy steps: 1. Create your FREE Investor/Buyer profile on IndiaBizForSale 2. Explore the 'Business Opportunities' section to find 10,000+ business opportunities matching your investment preferences. 3. Click on the 'Contact Business' button and connect with business owner directly. Check here to know how it worksNote: Once you create your profile, you will get ONE introduction credit, allowing you to contact any ONE featured business.
How does IndiaBiz verify the business information?
The business opportunity is either posted by the business owner or advisor. After that, our team checks the information for completeness, language, and accuracy. Once the basic checks are met; only then the opportunity is published. We also get users' feedback for the opportunities they contact and based on their feedback, the opportunity maybe put on HOLD till further clarification. Many opportunities are not published when it does not pass through our internal procedure checks. We sincerely request you to carry out complete due diligence before taking the transaction ahead. In addition, the contact details of the business are verified via phone/email.
What to consider before buying or investing in a business?
Below are some of the factors that need to be considered before buying or investing in a business:- Growth prospects of the industry and business
- Sales, profitability, and cash flow of the business should be considered
- Consideration you have to pay; form of consideration (either cash or shares or some combination of both) to be paid?
- Source of financing the purchase
- Amount of additional investment that will be required to grow business
- Does the business have second-line of management?
- Are you going to run the business on day-to-day basis or appoint some professional for the same?
- What decisions are to be taken to improve the profitability of the business?
- Time period of payback or return is envisaged from the business?
- Any long-term strategic benefit or synergy with your existing business?
- Will the clients continue with the business after the acquisition?
