Thursday, April 18, 2024

Business

GenAI startup Vodex raises $2 mn to scale global expansion

IANS | April 03, 2024 02:40 PM

NEW DELHI: Homegrown GenAI startup Vodex on Wednesday said it has raised $2 million in a seed round from Unicorn India Ventures, and Pentathlon Ventures.

The funds raised will be used for global expansion as the startup plans to scale their business to at least 4 times in the next one year.

Vodex said it has already achieved a $1 million annual recurring revenue (ARR) in less than a year.

“Vodex will invest in building a dedicated and highly trained support team to ensure exceptional customer service. Vodex will become the go-to solution for businesses seeking to unlock the power of Gen AI-driven sales, ” said Anshul Shrivastava, CEO, Vodex.

The SaaS offering of Vodex generates human-like voice conversations, empowering businesses to accelerate their sales cycle.

“We see disruptive capabilities in Vodex to emerge as a formidable player by applying the power of GenAI and SaaS to help enterprises manage their CRM engagements more efficiently, ” said Bhaskar Majumdar, Managing Partner, Unicorn India Ventures.

Vodex previously raised a pre-seed round from 100X.VC.

Unicorn India Ventures recently announced its first close of Rs 1000 crore Fund III.

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