Voice AI startup Ringg has raised $5.5 million (Rs 48 crore) in its Series A funding round led by Arkam Ventures.
Groww’s Founder Fund, CRED’s founder Kunal Shah, White Venture Capital, and pre-existing investor Capital2B also participated in the investment round.
The startup plans to use the funds to expand its presence in international markets and also increase its engineering and go-to market teams. They also want to accelerate the development of new products by reducing costs and improving reliability. This would help Ringg expand its services to large enterprise clients.
Ringg was founded in October 2023 by Kali CV, Siddharth Shankar Tripathi and Utkarsh Shukla. It offers a no-code, multilingual voice-AI orchestration platform. Businesses have the freedom to design, deploy and manage voice agents for tasks like customer support, sales, collections, logistics and lead qualification.
The company’s platform is adopted by more than 20 Indian enterprises (CRED, Shiprocket, Shell). Businesses in the US and Saudi Arabia are currently being tested. Ringg’s voice agents can converse in 18 languages, 10 of those being Indian.
Over the next two years, Ringg is targeting a 10 million AI voice conversations. They are currently going strong at 1.5 million conversations per month. The startup also plans to launch three new products – call detection agents, an AI-native CRM with a memory layer, and an app store for community-built workflows.
There are over 25 Voice AI startups in India, including 18 funded companies that have collectively raised $117 million in venture capital money and private equity, according to Tracxn. Some of the voice AI startups that have raised recently include Bolna, Arrowhead and GreyLabs.