About ConverseNow
ConverseNow is a company based in Austin (United States) founded in 2018 by Vinay Shukla and Rahul Aggarwal.. ConverseNow has raised $28.75 million across 3 funding rounds from investors including Knoll Ventures, EHI and Craft Ventures. The company has 23 employees as of October 31, 2024. ConverseNow has completed 1 acquisition, including Valyant. ConverseNow offers products and services including Voice AI Platform. ConverseNow operates in a competitive market with competitors including Apprente, Guestfriend, Trilyo, StrideQ and GoParrot, among others.
- Headquarter Austin, United States
- Employees 23 as on 31 Oct, 2024
- Founders Vinay Shukla, Rahul Aggarwal
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Sectors
TechnologyConsumer
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Email
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Phone
*********
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Website
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$28.75 M (USD)
in 3 rounds
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Latest Funding Round
$10.5 M (USD), Series A
Aug 10, 2022
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Investors
Knoll Ventures
& 10 more
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Employee Count
23
as on Oct 31, 2024
- Investments & Acquisitions
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Products & Services of ConverseNow
ConverseNow offers a comprehensive portfolio of products and services, including Voice AI Platform. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates restaurant order-taking to enhance efficiency and customer service.
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Funding Insights of ConverseNow
ConverseNow has successfully raised a total of $28.75M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $10.5 million completed in August 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $10.5M
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First Round
First Round
(13 May 2020)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2022 | Amount | Series A - ConverseNow | Valuation | Enlightened Hospitality Investments |
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| Jul, 2021 | Amount | Series A - ConverseNow | Valuation | Craft Ventures | |
| May, 2020 | Amount | Seed - ConverseNow | Valuation | Bala Investments |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in ConverseNow
ConverseNow has secured backing from 11 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Knoll Ventures, EHI and Craft Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Growth investments are made in people-driven hospitality companies.
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Founded Year | Domain | Location | |
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Venture capital fund focused on SaaS and consumer sectors
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Founded Year | Domain | Location | |
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VC firm investing in seed & early stage companies in the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by ConverseNow
ConverseNow has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Valyant. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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AI-enabled customer service solutions are developed for retail.
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2017 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - ConverseNow
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Conversenow Comparisons
Competitors of ConverseNow
ConverseNow operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Apprente, Guestfriend, Trilyo, StrideQ and GoParrot, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Developer of AGI (artificial general intelligence) based automated customer service solution
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| domain | founded_year | HQ Location |
Personalized chatbots are built for restaurant customer service and reservations.
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| domain | founded_year | HQ Location |
Delivers cloud-based customer engagement platforms for hotels and resorts.
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| domain | founded_year | HQ Location |
SaaS-based phone automation solutions are provided for restaurants.
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| domain | founded_year | HQ Location |
AI-based CRM solutions are offered for restaurants.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Conversenow
Frequently Asked Questions about ConverseNow
When was ConverseNow founded?
ConverseNow was founded in 2018 and raised its 1st funding round 2 years after it was founded.
Where is ConverseNow located?
ConverseNow is headquartered in Austin, United States. It is registered at Austin, Texas, United States.
Who is the current CEO of ConverseNow?
Vinay Shukla is the current CEO of ConverseNow. They have also founded this company.
Is ConverseNow a funded company?
ConverseNow is a funded company, having raised a total of $28.75M across 3 funding rounds to date. The company's 1st funding round was a Seed of $3.25M, raised on May 13, 2020.
How many employees does ConverseNow have?
As of Oct 31, 2024, the latest employee count at ConverseNow is 23.
What does ConverseNow do?
Provider of AI-based conversational platform for restaurant businesses. The AI uses anonymized abstracted machine intelligence to predict customer ordering behavior and offers relevant and personalized recommendations.
Who are the top competitors of ConverseNow?
ConverseNow's top competitors include Apprente, Guestfriend and Trilyo.
What products or services does ConverseNow offer?
ConverseNow offers Voice AI Platform.
How many acquisitions has ConverseNow made?
ConverseNow has made 1 acquisition, including Valyant.
Who are ConverseNow's investors?
ConverseNow has 11 investors. Key investors include Knoll Ventures, EHI, Craft Ventures, Tensility Venture Partner, and Bala Investments.
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