Friday, April 23, 2021
Techiexpert.com
No Result
View All Result
  • Login
  • Register
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging
Techiexpert.com
No Result
View All Result

Racetrack.ai startup raises around $5 m in pre-Series A funding

Sony T by Sony T
August 2, 2018
in Startup news
Reading Time: 2 mins read
A A
0
Racetrack.ai startup raises around $5 m in pre-Series A funding
9
SHARES
130
VIEWS
Share on FacebookShare on Twitter

Racetrack.ai has raised ₹34.2 crores ($5 million) in pre-series A funding from a clutch of Indian as well as international investors. The investors who participated in the round include Murali Krishna, ex-president & founding member of Biocon, Dov Kagan, US investor. Other investors are from Singapore, Mauritius, along with its existing investors who participated in the round.

The funds raised will help the startup to expand its business verticals in retail, banking, and healthcare. It will also be looking to expand its AI footprints on a global scale with new partnerships.

Post-money valuation of the company is estimated to be ₹145 crores ($21 million). It also becomes the first company to AI chatbot applications domain to reach $5 million in funding. Its competitor in the AI chatbot space had earlier raised $2.5 million.

Racetrack.ai, an AI-driven platform to support sales and support for various sectors including education, real estate, and e-commerce. It was founded by Navneet Gupta, and Subrat Parida in 2015.

ADVERTISEMENT

Its flagship product Marvin, an AI-powered chatbot engages visitors on the website in intelligent conversations to facilitate sales and support. It can also help cut support time and costs for its clients, along with intelligently engaging customers to assist with their needs. The startup currently has 29 paying clients using its services, with all large commercial transactions.

Subrat Parida, Founder & CEO Racetrack.ai, says, “This is an overwhelming and positive moment for us. We are now looking forward to and are excited to announce our next overseas operation base in the US, Mauritius, and Singapore.”

There is a huge scope for Racetrack.ai in the current market as large and small organisations are looking to optimise their sales and support channels by cutting costs and saving time.

Other prominent startups in the AI domain include Freshworks, SaaS-based customer support and sales platform, that recently joined the unicorn club after raising ₹685 crores.

Tags: Racetrack.ai
Share4Tweet2Share1Pin1
Sony T

Sony T

Sony is a passionate bloggers writes on Futuristic technologies ...

Related Posts

Five Mistakes Even Seasoned Investors Make and How to Avoid Them 1
Startup news

Five Mistakes Even Seasoned Investors Make and How to Avoid Them

by Sony T
April 23, 2021
ORAI raises INR 3.6 Cr Pre-Series A from IP Ventues
Startup news

ORAI raises INR 3.6 Cr Pre-Series A from IP Ventues

by Srikanth
April 22, 2021
8 Reason to have In-house staffing for Startups
Startup news

6 Benefits of IT Staff Augmentation for Startups

by Sony T
April 21, 2021
iBus Networks backed by Morgan Stanley acquires Ubico Networks
Startup news

iBus Networks backed by Morgan Stanley acquires Ubico Networks

by Srikanth
April 20, 2021
AnKa SumMor raises a Pre-Series-A funding
Startup news

AnKa SumMor raises a Pre-Series-A funding

by Srikanth
April 16, 2021

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Latest Stories

Five Mistakes Even Seasoned Investors Make and How to Avoid Them 1
Startup news

Five Mistakes Even Seasoned Investors Make and How to Avoid Them

by Sony T
April 23, 2021
Sharmin Ali, CEO Instoried
Tech news

Improve ROI of you content with AI Technology – Instoried

by Srikanth
April 22, 2021
BluSmart introduces environment friendly initiatives on Earth Day
Tech news

BluSmart introduces environment friendly initiatives on Earth Day

by Srikanth
April 22, 2021
ORAI raises INR 3.6 Cr Pre-Series A from IP Ventues
Startup news

ORAI raises INR 3.6 Cr Pre-Series A from IP Ventues

by Srikanth
April 22, 2021
Load More
Techiexpert.com

© 2020 All Rights Reserved

  • Terms of use
  • Privacy Policy
  • About Us
  • Contact us
  • Write For Us
  • Cookie Policy

  • Login
  • Sign Up
No Result
View All Result
  • Home
  • Tech news
  • Startups
  • AI
  • IOT
  • Big Data
  • Cloud
  • Data Analytics
  • ML
  • Blogging

© 2020 All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Newsletter ?

What is Expected ?

  • Newsletter
  • eBooks
  • Tech Reports
  • Infographic
  • Webinar
  • Event Tickets