In fact, March was our greatest month in terms of the business we closed,” says Raghu Ravinutala, co-founder and CEO of Yellow Messenger. With users available in almost any country except China. POS systems you already have Targeted messaging and upselling for your customers. Facebook Messenger is one of the most popular instant messengers for business in the world.
We saw a spurt within the volume of deals as there was a rush to automate these services. Text your customers without leaving the comfort of Lightspeed Retail. Established in 2015, Yellow Messenger is a Cognitive Engagement Cloud for Enterprises that is funded by Lightspeed Ventures and prominent angel investors. “Right from the onset of Covid-19, lots of enterprises were anticipating an interruption in customer and employee engagement. “One in every three companies globally is implementing conversational AI and chatbots… We have seen how the company has taken advantage of this market pull with its rapid time-to-value, transactional platform and multi-language support for global rollouts,” said Dev Khare, Partner, Lightspeed India Partners. So it’s rather more than an extension of the sooner investment-this could be a bigger play for rapid expansion into new markets.
#LIGHTSPEED MESSENGER SERIES#
This $20 million series B round comes mainly from Lightspeed’s US fund at 4 to 5 times the startup’s previous valuation, in line with Ravinutala. Lightspeed India Partners led Yellow Messenger’s series A funding round of $4 million but a year ago.
Yellow Messenger is going to empower it by extending its multi-lingual voice bot capacities, growing endeavor incorporation, and propelling an advertisement engineer center for virtual assistance.
The startup is utilizing the freshest investments to heighten its product innovation road map. The AI chatbot startup raised 20 million dollars as a part of its Series B funding round as per its statement last Thursday.
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