Convin, an emerging startup based out of Bangalore raised Rs. 2.5 Crore in the pre-seed round led by Titan Capital and 9Unicorn
Convin, an emerging startup based out of Bangalore raised Rs. 2.5 Crore in the pre-seed round led by Titan Capital and 9Unicorn. It is led by IIT Delhi Alumni — Ashish Santhalia (CEO), Atul Shree (CTO), Durgesh (CPO), and Bharat Patidar (COO) in 2020.
Cred founder Kunal Shah; Abhishek Goyal, founder of Tracxn; Sunder Nookala (Founder, Huminos); Rajesh Razdan (Founder, Devtron Labs) and Ramakant Sharma, founder of Livspace, were among the marque angel investors who took part in the round.
Commenting on the investment, Bipin Shah, Partner at Titan Capital, said,
"We are happy to partner with Convin and its very enthusiastic team. The platform that aims at enabling organizations to make use of their customer conversations effectively holds a huge potential to thrive in the current market scenario."
Further adding, Anuj Golecha, Co-founder, 9Unicorns, said,
"We are delighted to support a high-potential venture such as Convin, which is leveraging advanced analytics and intelligence to enhance the efficiency of the sales teams. The brand's value proposition allows for the seamless gleaning and sharing of valuable insights mined from the analyses of recorded conversations."
Convin empowers remote sales teams to sell better using the power of AI. It enables sales professions to learn from all sales deal conversations in their organizations. It also allows sales leaders to review all conversations and share feedback at scale.
Speaking on the birth of Convin
“While working on a new product line at a B2B SaaS company, I had to go for face-to-face meetings with the sales team as well as clients, to understand customer requirements. It made me realize the data points from these conversations were extremely important for any organisation for their product and organization growth.
Sales conversations with prospects have tremendous potential to help the organizations learn and do better but organizations were missing out on this because of lack of realisation of the same and inability to analyse conversations at scale. ” - Ashish Santhalia, Co-founder & CEO.
To help organizations achieve growth from these conversations, he along with his IIT friends started working on the solution that would not only transcribe the conversation but also help the sales team and the entire organization by taking out key data points from the conversation, required for closing any deal.
The new funding would enable Convin to develop the solution further for the market and build its core- team.
Speaking about the new development, Ashish Santhalia said,
"We have analysed about 1.5 million minutes of conversations till now, providing enormous value to users and enabling them to do their job better. The goal is to empower one million salespeople with the power of AI to learn from their conversations and close bigger, better, and more sales. We are glad to be backed by top VCs, and the fund will help us to move closer to our goal."