GenAI startup Vodex secures $2 million for global expansion efforts

New Delhi, April 3 (IANS) Homegrown GenAI startup Vodex has successfully raised $2 million in a seed round from Unicorn India Ventures and Pentathlon Ventures. The funds will be used for global expansion, with plans to scale the business to at least 4 times in the next year. Vodex has already achieved a $1 million annual recurring revenue (ARR) in less than a year.

According to CEO Anshul Shrivastava, Vodex will prioritize investing in a dedicated support team to provide exceptional customer service, aiming to become the leading solution for businesses looking to leverage Gen AI-driven sales. The SaaS offering of Vodex generates human-like voice conversations, assisting businesses in accelerating their sales cycle.

Bhaskar Majumdar, Managing Partner at Unicorn India Ventures, expressed confidence in Vodex’s disruptive capabilities, foreseeing the company as a key player in utilizing GenAI and SaaS to help enterprises enhance CRM engagements. Vodex had previously received a pre-seed round from 100X.VC.

Unicorn India Ventures recently announced the first close of Rs 1000 crore Fund III, emphasizing their continued support for innovative startups like Vodex. The investment in Vodex signifies a growing interest in technology-driven solutions that support business growth and efficiency.–IANS na/uk