ORAI, ixamBee, GoalTeller raise early-stage capital

Announcing its thirteenth deal of 2021 on Thursday, Inflection Point Ventures said it has invested Rs 3.6 crore (about $479,477 as per current exchange rate) in enterprise conversational artificial intelligence startup ORAI.  

The capital from the fresh funding round, dubbed a pre-Series A round, would be used for international expansion and collaborations, sales and marketing, along with product development and enhancements, as per a statement.  

ORAI was founded in 2020 by Swapnil Jain and Sujit Das Biswas. With over 50 small and mid-size business clients, it has been expanding its clientele globally, as per the statement. Its clientele includes GMR Delhi, Group Landmark, BMW Munich Motors and Sayaji Hotel.  

ixamBee  

Jain International Trade Organization (JITO) Angel Network on Wednesday said it has led a Rs 2.5 crore (about $332,973 as per current exchange rate) in a seed funding round at government job entrance exam preparation startup ixamBee. 

The fundraise was first announced last month.   

Other investors in the round included Mumbai Angels, and MakeMyTrip co-founder Keyur Joshi, as per a fresh statement from JITO.  

The Noida-based startup was founded by Chandraprakash Joshi, Sandeep Singh, and Arunima Sinha in 2016. It provides learning courses for competitive exams for jobs in central government, state government, banks and other public sector organisations.   

Since ixamBee platform’s launch in April 2017, 6.5 million students have enrolled for the preparation of government exams, the statement added.  

GoalTeller  

Finteller Advisors, which operates financial planner GoalTeller, on Thursday said that it has met its undisclosed target capital in a seed funding round, led by fintech incubator Rainmatter. 

Manipal Education and Medical Group chairman Ranjan Pai, Zolve and Taxiforsure founder Raghunandan Gangappa, Cred founder Kunal Shah, former Gokaldas Exporters promoter Vivek Hinduja, and Julius Baer India managing director Himanshu Bhagat participated in the round.

Additionally, GoalTeller has onboarded three advisors and consultants -- Anand Prakash, founder of App Secure Security, Pingsafe AI and white hat hacker; Ashish Solanki, founder of Design Studio Net Brahma; and Sharat Khurana, founder of Zen Equity. 

Founded in 2020 by Vivek Banka, the startup has been bootstrapped so far. A financial services veteran with over two decades of experience, Banka sold his last wealth tech venture Altiore capital to IIFL Wealth in 2018, the statement said. 

The firm intends to infuse more capital into the business over the next six months, the statement said. The fresh capital will help GoalTeller complete final tweaks to the product, which is set to launch in the next few months.  

GoalTeller’s closed user group and beta testing has been initiated. The company intends it to remain an invite-only platform in the initial days.