Gnani.ai Secures Rs 30 Crore Investment from Info Edge Ventures Amidst India's VC Market Maturation

Gnani.ai, a voice-first generative AI firm, has received Rs 30 crore from Info Edge Ventures. Founded by ex-tech giants, the company will use the funds for sales growth and geographical expansion. Despite a VC funding dip in India, Gnani.ai's success highlights positive market trends.

Gnani.ai, a leading voice-first generative AI firm, has announced securing an investment of Rs 30 crore from Info Edge Ventures in a Series A funding round.

Founded in 2016 by Ganesh Gopalan and Ananth Nagaraj, former tech executives from Texas Instruments, IBM, and Aricent, Gnani.ai has leveraged their extensive experience to develop a groundbreaking AI platform. The latest infusion of capital will be directed toward driving sales growth and expanding the company's reach to new geographies. In the past six months alone, Gnani.ai's platform has enabled financial institutions to collect over USD 2 billion from end customers.

Expressing their enthusiasm, founders Ganesh Gopalan and Ananth Nagaraj stated, "We are thrilled to welcome Info Edge Ventures to our journey. Gnani.ai's AI-powered voice automation platform has significantly contributed to our exponential growth, securing over 100 enterprise customers in India and the US."

Chinmaya Sharma, Partner at Info Edge Ventures, commented, "We are delighted to invest in Gnani.ai. The company exemplifies our investment ethos for AI, focusing on solving real-world problems rather than merely finding use cases. Gnani.ai's approach aligns perfectly with our vision."

While a recent report by Bain & Company indicates a decline in venture capital funding in India from USD 25.7 billion in 2022 to USD 9.6 billion in 2023, the success of companies like Gnani.ai underscores a resilient market. Smaller deals under USD 50 million have seen a milder decline, shedding 45 per cent from 1,501 to 852, suggesting a more positive outlook for the sector.

(With inputs from agencies.)