Conversation Intelligence platform, Convin announced on Monday that it has raised Rs 2.5 crore in a pre-seed round led by Titan capital and 9Unicorns.
The round also saw participation from several marquee investors, including Kunal Shah (Founder, Cred), Abhishek Goyal (Founder, Tracxn), Ramakant Sharma (Founder, Livspace), Sunder Nookala (Founder, Huminos), and Rajesh Razdan (Founder, Devtron Labs).
The Bengaluru-based startup plans to use the funds to develop its products and strengthen the core team to gain product-market fit.
Founded in 2020 by IIT Delhi Alumni Ashish Santhalia, Atul Shree, Durgesh, and Bharat Patidar, Convin allows sales professionals to learn from their own conversations.
Convin enables managers to examine the conversations and give feedback to the team at scale. It also helps leaders to become proactive in their strategic approach towards sales and products.
Commenting on the latest development, Ashish Santhalia said, “We have analyzed about 1.5 million minutes of conversations till now, providing enormous value to users and enabling them to do their job better. The goal is to empower one million salespeople with the power of AI to learn from their own conversations and close bigger, better, and more sales. We are glad to be backed by top VCs, and the fund will help us to move closer to our goal.”
Speaking about the investment, Bipin Shah, Partner at Titan Capital, said, “We are happy to partner with Convin and its very enthusiastic team. The platform that aims at enabling organizations to make use of their customer conversations effectively holds a huge potential to thrive in the current market scenario.”
Anuj Golecha, Co-founder, 9Unicorns, added, “We are delighted to support a high-potential venture such as Convin, which is leveraging advanced analytics and intelligence to enhance the efficiency of the sales teams. The brand’s value proposition allows for the seamless gleaning and sharing of valuable insights mined from the analyses of recorded conversations.”
“Sales teams can use these insights to sharpen their strategies to maximize conversion rates and yield superior dividends. The innovative product and the strong founding team behind the startup give us confidence in our investment in the company,” he added.
Convin appears to be an interesting platform helping the sales team to improve their performance by using conversation intelligence. I believe several companies can benefit from their services. The company definitely has huge growth prospects. My best wishes to the team of Convin.Shishir Gupta, Founder and CEO, StartupLanes
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