Budget 2018-19

  The funds raised would be used for international expansion and collaborations, sales and marketing along with product development and enhancement Enterprise conversational AI platform,  ORAI  has raised Rs 3.6 cr in a pre-Series A round from Inflection Point Ventures, an angel investment network, marking ORAI’s thirteenth deal in 2021. The funds raised would be used for international expansion and collaborations, sales and marketing along with product development and enhancement. With over 50 clients from small and mid-size businesses (SMB) and enterprise segment, ORAI has also been expanding its clientele globally. Some of the marquee names ORAI is working with include GMR Delhi, Group Landmark, BMW Munich Motors and Sayaji Hotel. Vinay Bansal, founder & CEO, Inflection Point Ventures, said, “Conversation AI and chatbot support is now a necessity. Many globally leading brands are already on this path. ORAI’s tech platform is robust and covers top public platforms l...

Social commerce opportunity in India is pegged at $16-20 billion by 2025 Social commerce platform Meesho, the first Indian startup to get Facebook investment in the form of an equity stake, said Monday it has raised $300 million in a new round of funding led by SoftBank Vision Fund 2, valuing the firm at $2.1 billion. The latest funding round saw participation from its existing investors Prosus Ventures, Facebook, Shunwei Capital, Venture Highway and Knollwood Investment. Social commerce, or buying and selling directly through a social media platform like  Facebook , WhatsApp, Instagram or Twitter, is expected to grow in the next few years. According to a joint report by consulting firm Bain & Co and venture capital firm Sequoia Capital last year, social commerce opportunity in India is pegged at $16-20 billion by 2025. That’s compared to around $2 billion last year. Meesho will use the new fund raise to strengthen its talent pool across verticals: technology, product, and busi...