CoRover.Ai Bags $4 Million In Series A Funding Round

Summary

Bara GPT's co-founder, Anush Saaral, discusses the company's recent $4 million funding led by Venture Catalysts. The funds will be used to enhance their B2C offerings and expand their AI-based solutions across industries. Their conversational AI helps businesses improve customer support, increase revenue, and streamline operations. The company has also launched a chatbot in Jammu for citizens to report issues like power outages or sanitation problems. With 100+ clients, including Indian Railways and NPCI, Bara GPT aims to scale their AI solutions pan-India and globally.

Takeaways

• 🚀 Bara GPT Maker Corova AI raised $4 million in a Series A funding round led by Venture Catalysts to enhance its B2C and enterprise offerings.
• 🛠️ The startup is transforming customer engagement across industries using generative AI, particularly through personalized, conversational experiences.
• 📞 Customer support is a top use case, but clients are also using GPT to drive revenue and attract more customers to their platforms.
• 💳 Corova AI recently launched conversational payments with NPCI, allowing users to make transactions via voice interaction.
• 🏭 The technology is also being applied in industrial settings, enabling mechanics to communicate with CNC machines and assembly lines for troubleshooting.
• 🏢 Corova AI's GPT is live with over 60 organizations, including NPCI, IRCTC, Indian Railways, and IGL, with more than 100 total partnerships.
• 🗣️ The AI chatbot launched in Jammu helps citizens report grievances like power outages or garbage issues by generating tickets and routing them to relevant authorities.
• 📈 The company plans to expand the grievance resolution chatbot beyond Jammu and eventually roll it out across India and globally.
• 💡 The recent funding will be used to improve the product, scale the business, and prioritize incoming leads, which currently exceed 900.
• 🌍 Corova AI aims to scale globally, with a focus on product development, technology, and go-to-market strategy.

Q & A

What is the main focus of Bara GPT in terms of customer engagement?

Bara GPT focuses on enhancing customer support by providing personalized, conversational experiences. Their AI tools help businesses improve customer satisfaction and even drive additional revenue by attracting more customers to their platforms.

How does Bara GPT's conversational AI contribute to increasing revenue for businesses?

Bara GPT's conversational AI helps businesses increase revenue by improving customer engagement. More customers are attracted to the platform, and conversational AI can also facilitate transactions, making it easier for customers to make purchases.

What new feature has Bara GPT recently launched to enhance transactions?

Bara GPT recently launched conversational payment features in collaboration with the National Payments Corporation of India (NPCI), allowing users to complete transactions using conversational AI.

How is Bara GPT's AI being used in industries beyond customer support?

Bara GPT's AI is used in manufacturing industries, where mechanics can communicate with CNC machines and assembly lines to identify and resolve problems more efficiently.

How many organizations are currently using Bara GPT's AI, and can you name some of them?

Bara GPT's AI is live with over 60 organizations, including NPCI, Indian Railways, IRCTC, IGL, and others. In total, the company is working with around 100 organizations.

Has Bara GPT fully leveraged the potential of AI in the organizations they work with?

No, Bara GPT has not yet fully harnessed the potential of AI in most organizations. They have only implemented a few use cases in each company, and they believe there are 10 to 20 more use cases that could be developed in every organization.

How does Bara GPT's AI chatbot, launched in Jammu, help address citizen grievances?

Bara GPT's AI chatbot allows citizens to report issues such as power outages or street garbage by speaking to the chatbot. The system generates a problem ticket and sends it to the relevant department for resolution.

What challenges is Bara GPT facing in scaling their AI chatbot solution across India?

Bara GPT is facing challenges in scaling the chatbot solution to other districts in India due to the complexity of launching it with minimal effort in multiple locations. They are working with authorities to figure out how to expand the service pan-India.

What are Bara GPT's plans for scaling their services beyond India?

Bara GPT has received interest in expanding their services globally, and they are working on figuring out how to scale their AI chatbot beyond India.

How does Bara GPT plan to use the funds raised in its recent Series A round?

Bara GPT plans to use the Series A funding to improve their product, prioritize incoming leads, and scale their business. The funds will be allocated towards technology, product development, and go-to-market strategies.