Yellow Messenger raises $20 million Series B from Lightspeed Venture Partners

Pune: Conversational AI platform Yellow Messenger has raised $20 million in Series B funding from Lightspeed Venture Partners and Lightspeed India Partners.
Yellow Messenger will use the funds to broaden globally and strengthen its multi-lingual voice bot platform.

“This investment will help us scale operations to Europe, US and Latin America, and also deepen our technology platform,” stated Raghu Ravinutala, CEO and co-founder, Yellow Messenger.

The firm has been rising bookings 5x year-on-year since 2017 and at present works with 125 enterprise prospects globally.

The firm had raised $4 million from Lightspeed India Partners final 12 months.

Yellow Messenger gives multi-lingual chatbots in 120 languages which enterprises can deploy throughout varied buyer and worker communication channels like Slack, Teams and WhatsApp.

The recent capital may even be used to broaden enterprise integrations and partnerships and to launch a developer market for digital assistants, stated Ravinutala.

“We anticipate demand for the company’s platform to accelerate as consumer expectations of real-time conversations with their brands deepen,” stated Amy Wu, Partner, Lightspeed Venture Partners.

The firm at present processes 30 million conversations each month for purchasers like Accenture, Flipkart, MG Motors and Dominos India.

It additionally has go-to-market partnerships with Microsoft, TCS, WhatsApp and Facebook, amongst others.

“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,” stated Dev Khare, Partner, Lightspeed India Partners.

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