Stellaris Venture leads $4.2 mn seed round in AI chatbot firm LimeChat
- ByStartupStory | April 13, 2022
Wavicle Technologies Pvt Ltd, the company that owns and manages LimeChat, an artificial intelligence-based chatbot, announced on Tuesday that it had acquired $4.2 million in early funding led by Stellaris Venture Partners. Pi Ventures, Titan Capital, and a few angel investors also participated in the round, according to the firm, which did not reveal the names of the investors.
The new funds will be used to improve the startup’s product and extend its go-to-market activities. This is the company’s second round of seed funding. It intends to put the money toward improving its product and expanding its go-to-market activities.
LimeChat, founded in 2020 by Aniket Bajpai and Nikhil Gupta, offers a conversational marketing AI chatbot platform to direct-to-customer (D2C) firms. From product discovery to checkout to returns, the platform’s assistant allows the brand to answer client queries in real-time.
Furthermore, LimeChat’s WhatsApp Retention Campaigns assist marketers in engaging customers on WhatsApp, allowing them to triple campaign conversions, cut support workloads by 70%, and boost customer happiness, the company said.
Presently, the firm works with over 25 direct-to-consumer brands in the fashion, beauty and cosmetics, and health and wellness industries. It claims that its customized automated conversational commerce technology has helped companies raise conversion rates by 10x when compared to standard website conversion rates.
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