City
Epaper

GenAI startup Vodex raises $2 mn to scale global expansion

By IANS | Updated: April 3, 2024 11:00 IST

New Delhi, April 3 Homegrown GenAI startup Vodex on Wednesday said it has raised $2 million in a ...

Open in App

New Delhi, April 3 Homegrown GenAI startup Vodex on Wednesday said it has raised $2 million in a seed round from Unicorn India Ventures, and Pentathlon Ventures.

The funds raised will be used for global expansion as the startup plans to scale their business to at least 4 times in the next one year.

Vodex said it has already achieved a $1 million annual recurring revenue (ARR) in less than a year.

“Vodex will invest in building a dedicated and highly trained support team to ensure exceptional customer service. Vodex will become the go-to solution for businesses seeking to unlock the power of Gen AI-driven sales,” said Anshul Shrivastava, CEO, Vodex.

The SaaS offering of Vodex generates human-like voice conversations, empowering businesses to accelerate their sales cycle.

“We see disruptive capabilities in Vodex to emerge as a formidable player by applying the power of GenAI and SaaS to help enterprises manage their CRM engagements more efficiently,” said Bhaskar Majumdar, Managing Partner, Unicorn India Ventures.

Vodex previously raised a pre-seed round from 100X.VC.

Unicorn India Ventures recently announced its first close of Rs 1000 crore Fund III.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

MaharashtraMSRTC To Induct 25,000 Buses in Next 5 Years With Focus on Hybrid Fuel, Says Minister Pratap Sarnaik

EntertainmentHina Khan: I will always be an Indian first

InternationalUS: California governor to release new ad against Trump's tariffs

International15 US states sue over Trump's executive order to fast-track fossil fuel projects

EntertainmentMLC K Kavitha urges Telangana government to postpone 72nd Miss World competition amid India-Pakistan tensions

Business Realted Stories

BusinessICAI asks over 14 lakh members to stand in solidarity with armed forces and nation

BusinessIndia's forex reserves fell USD 2.06 billion after extending gains for eighth straight week

BusinessExplained: India's abstention during IMF vote on Pakistan loan

BusinessIndia opposes IMF lifeline for Pakistan due to terror financing risk

BusinessTripura Gramin Bank posts net profit for second successive year