Funding Alert
SaaS company Ushur secures $50 million in Series c funding led by Third Point Ventures
-
ByAmbi Das | February 8, 2023
Ushur, the Santa Clara and Bengaluru-based AI-powered customer experience automation platform, has raised $50 million in Series C funding round led by Third Point Ventures and supported by existing investors Iron Pillar, 8VC, Aflac Ventures, and Pentland Ventures.
The SaaS startup plans to use the funds to broaden its portfolio of experience automation, creating new advancements in AI and entering new regions and industries.
“Ushur combines conversational automation and knowledge work automation in a no-code, cloud-native SaaS platform to digitise the complete enterprise customer experience. The previous generation of enterprise automation was designed for infrastructure processes,” explains Simha Sadasiva, CEO and Co-founder, Ushur.
In the last 12 months, the startup claims to have tripled its headcount, doubled its customer base, and achieved a Net Revenue Retention (NRR) of 164% as enterprises moved toward AI-driven automation solutions purpose-built for end-to-end customer engagement applications.
“Our continued investment in Ushur further demonstrates our conviction that Ushur is shaping a new category, one that will fundamentally transform how enterprises engage and serve their customers at scale,” said Rob Schwartz, Managing Partner, Third Point Ventures.
Also Read
-
-
Clean-label food brand Anveshan has raised Rs 150 crore (nearly $16 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from International Finance Corporation (IFC), Swiggy co-founder Sri Harsha Majety, and existing investors including Wipro Consumer Care Ventures, Titan Capital Winners Fund, Force Ventures, and boAt co-founders Aman Gupta and Sameer Mehta. Entrackr had exclusively reported the development last week. According to Entrackr’s estimates, the funding valued the company at over $90 million. The fresh capital will be used to strengthen manufacturing capabilities, accelerate product development, expand offline distribution, and deepen its digital presence. The company also plans to invest in sourcing infrastructure, procurement systems, quality assurance, and testing capabilities while expanding partnerships with micro entrepreneurs and traditional producers. Founded in 2020 by Kuldeep Parewa, Akhil Kansal, and Aayushi Khandelwal, Anveshan sells minimally processed food products including A2 bilona ghee, cold-pressed oils, raw honey, atta, and other traditional nutrition-focused products. The startup operates through a network of rural producers and micro entrepreneurs across the country. Anveshan claims to be operating at an annual revenue run rate of Rs 280-300 crore and is targeting Rs 1,000 crore in revenue over the next 24-30 months. The company plans to expand its atta portfolio, strengthen its owned digital channels, scale offline distribution, and continue investing in product innovation. For the fiscal year ended March 2025, Anveshan reported a 64.6% increase in operating revenue to Rs 77.08 crore from Rs 46.84 crore in FY24. Its losses widened to Rs 11.88 crore in FY25 from Rs 5.74 crore in the previous fiscal year....
Follow Startup Story
