CoRover AI, the creator of BharatGPT, announced on Tuesday that it has raised $4 million in a Series A funding round led by Venture Catalysts. Other contributors include CanBank Venture Capital Fund, IIM Calcutta (Innovation Park), IIIT Delhi (iHub Anubhuti IIITD Foundation), Cogniphy LLC, Karekeba Ventures, and Lead Angels. This funding will support CoRover in further advancing its technology, expanding its team of AI specialists, and accelerating its go-to-market strategy.
The Bengaluru-based startup specializes in generative AI-powered conversational bots that cater to various industries, including e-commerce, healthcare, finance, education, BFSI, mobility, and retail, providing solutions across chat, voice, and video formats. CoRover plans to enhance its enterprise (B2G and B2B), B2B2C, and B2C offerings, while exploring new revenue streams through subscription models, ad-based revenue, and transaction fees.
Apoorva Ranjan Sharma, co-founder of Venture Catalysts, remarked, “CoRover represents the future of human-machine interaction. Their innovative approach to creating human-centric Conversational AI aligns perfectly with the growing demand for more natural and effective digital interactions. We believe their platform has the potential to transform how businesses engage with customers across various industries.”
CoRover’s vision is to make AI technology more human, allowing hardware and software systems to communicate in a more natural manner. Co-founder Ankush Sabharwal stated, “With this investment, we are equipped with the necessary resources to advance our GenAI-powered conversational AI, expanding its reach and influence while remaining committed to human-centric innovation.”
The company’s solutions have already been deployed by notable partners such as Indian Railways and IRCTC, National Payments Corporation of India, LIC, and SEBI. CoRover claims that its solutions can drive top-line growth through lead generation and engagement, automate up to 70% of customer support for improved bottom-line results, and enhance customer experiences through personalization and multi-format capabilities. Their solutions currently impact over one billion users across more than 100 languages and over 20 channels.
