Conversational AI platform Mihup Communications Pvt. Ltd Wednesday announced that it has raised $1.5 million in its ongoing Series A round of funding led by Accel Partners, Ideaspring Capital, venture capitalists Rajesh Jain (founder of Netcore), and Jayant Kadambi (founder and CEO YuMe Networks).
The funding will be used to expand the Mihup team, to build new product capabilities and to enter new markets, the startup said in a statement.
“The funding will allow us to push Mihup to greater heights and invest in areas that will be key to our long-term vision and success…We will soon be launching a new product in the automobile space,” Tapan Barman, CEO and co-founder, Mihup, said.
Founded in 2016 by Barman, Sandipan Chattopadhyay, and Biplab Chakraborty, Mihup uses AI to empower humans with the ability to seamlessly interact with the digital world around them. The company claims that its interaction analytics solution provides 100 per cent analysis of a call centre’s customer interactions to derive actionable insights to improve sales, collection, and customer services.
Prior to this round, Mihup had secured seed funding and pre-Series A funding from Accel Partners and Ideaspring Capital.
INDIA DEAL MONITOR
Here are prominent venture capital transactions in India from December 6-9, 2020.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|Mihup||Kolkata||1.5 million||Series A||Accel Partners, Ideaspring Capital, Rajesh Jain, Jayant Kadambi||-||Information Services||AI and Machine Learning|
|5C Network||Bengaluru||1.2 million||Pre-Series A||Unitus Ventures, Axilor Ventures||-||Healthcare Specialist||HealthTech|
|KIKO TV||Mumbai||-||Seed||9Unicorns||Vinayak Srivastava, Saket Dandotia, Sunil Kumar Singhvi, Srinivas Kotta||Internet||E-Commerce|
|DealShare||Bengaluru||21 million||Series C||WestBridge Capital||Alpha Wave Incubation, Z3Partners, Matrix Partners India, Omidyar Network India||Retail||E-Commerce|
|Cuemath||Bengaluru||40 million||Series C||LGT Lightstone Aspada, Alpha Wave Incubation||Sequoia Capita, Capital G, Manta Ray Ventures||Education/Training||EdTech|
|Atomberg Technologies||Mumbai||9.5 million||Series B||A91 Partners||Trifecta Capital, Survam Partners||Electronics||Internet of Things|
|Ethereum Push Notification Service (EPNS)||Mumbai||750,000||Seed||-||Balaji Srinivasan, Kenneth Ng, Scott Moore, Mariano Conti, Anthony Sassano, DeFiDad, Ravindra Kumar, Preethi Kasireddy, Andrew Chen, Rezo & Evgeny Zandman, Luka Sucic, Ben Lakeoff, Auryn Macmillan, Danny Christ, Ganeshram Gunalan, Thomas Kaseng Ao, Kathik Garg||Software||Blockchain|
|Bombay Play||Mumbai||1 million||Seed||Lumikai||-||Travel & Leisure||eSports|
|Kutumb||Bengaluru||2.1 million||-||Sequoia Capital India’s Surge||AL Trust, Whiteboard Capital, Incrypt, Sujeet Kumar, Kunal Bahl, Rohit Kumar Bansal||Internet||Social Media|
|Richpanel||Bengaluru||-||-||Sequoia Capital India’s Surge||-||Software||E-Commerce|