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Niki.ai which is a Bangalore based an AI-powered chatbot service startup has now been raising a convertible debt funding since February this year. According to the report which has been revealed, Niki.ai has raised around INR 11.6 crore in the convertible debt funding from the investors that include the RSP IIndia Fund LLC, Vista ITCL, Asian E-commerce Alliance, Ramakant Sharma, Unilazer Alternative Ventures and others.
The startup has also secured INR 7.8 crore in the month of February and INR 3.8 crore between the month of May and March.
The startup which has been backed by the Ratan Tata, and SAP.io among the others. Niki.ai also boasts of a 3 million users user base, a massive revenue growth of 430%.
The AI startup also provides more than 20 services to more than 2 million consumers ranging from utility services like bill payments, mobile recharge, buses, hotels, entertainment, cabs services. The startup is also planning to provide services for healthcare and flights services.
The startup which has been founded by the Nitin Babel, Keshav Prawasi, Sachin Jaiswal, Shishir Modi in the year 2015. Niki.ai is also touted as the India first fully automated chat bot application with no human intervention.
Previously, a Pune based AI chatbot startup, Quinto.ai got acquired by the Netcore Solutions, which is a Global Marketing Technology company. With the talent acquisition and IP, Netcore gets access too Quinto’s conversational AI powered and supported chatbot engine and its employees.
Previously, the Chief Scientist at Salesforce, Richard Socher, had invested in the visit, which is an AI-driven chatbot for the health advice. based out of Delhi, Visit also counts the co-founder of the Twitter, Biz Stone and Snapdeal founders – Rohit Bansal and Kunal Bahl and other backers.
