ConveGenius, an edtech startup backed by Michael and Susan Dell Foundation, raised $5 million in pre-seed funding.
The round was led by BAce Capital, Heritas Capital, and 3Lines Venture Capital. The Dell Foundation too participated in the fundraising.
The capital will be used to launch ConveGenius.AI in India and global markets. The platform aims to expand its products on the WhatsApp ecosystem and other conversational AI-based channels horizontally, to service more customers across verticals, and allow developers to launch their solutions on the platform.
Company: ConveGenius Edu Solutions Pvt Ltd.
Raised: pre-Seed
Round: $5.0M
Funding Month: October 2021
Lead Investors: BAce Capital, Heritas Capital, and 3Lines Venture Capital
Additional Investors: Dell Foundation
Company Website: http://convegenius.in/
Software Category: Conversational AI platform
About the Company: Founded by Jairaj Bhattacharya and Shashank Pandey in April 2013, ConveGenius aims to deliver educational content to children in 100 million middle- and low-income households in India. And with the launch of the AI platform, it aims to scale that to a billion homes globally. ConveGenius is focused on nurturing and harnessing value by providing affordable educational solutions to create impact in large volumes. The company is focused on providing quality education to children at risk by integrating technology with education and working with state governments to penetrate the rural and semi-urban areas of India. It also aims to cater to the global urban market using retailing and e-tailing channels for its various world-class high-end educational solutions. The Singapore-based startup claims to have at present 14 million monthly active users and 35 million daily conversations. ConveGenius is based out of India and Singapore. Their India office is headquartered in Noida.
Source: https://economictimes.indiatimes.com/tech/funding/convegenius-raises-5-million-to-launch-its-conversational-ai-platform/articleshow/87139688.cms