Sunday, August 9, 2020

In brief: Yellow Messenger bags US$4M Series A funding from Lightspeed

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  • Bengaluru-based artificial intelligence startup, Yellow Messenger, bags Series A funding of US$4 million from Lightspeed Venture Partners and other prominent angel investors for its AI-based chat solution targeted at enterprises.
  • The startup plans to use the funds to expand its deep tech capabilities, its customer success teams and its presence in high-potential markets across Asia, the Middle East, and other emerging markets.
  • Yellow Messenger offers intelligent conversational bots trained on vertical market and process knowledge, formulated into pre-built ready-to-use bot templates that are customizable for each customer with minimal code.
  • The Angel investors that participated in the current round include Phanindra Sama, founder, Redbus, Anand Swaminathan, senior partner, McKinsey & Co, Prashant Malik, co-founder, Limeroad, and Kunal Bahl, co-founder of Snapdeal among other individual investors.
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