Conversational AI startup GenieTalk on Friday said it had received its first round of angel investment of $750,000 from Shankeshwar Technologies LLP at a valuation of $10 million. The Indore-based startup will use the funding for developing its SaaS-based platform that helps businesses build tailored and personalized AI-powered virtual assistants, more often referred to as chatbots and voice bots.

“Our delivery model is a SaaS platform through which the customer can use the chatbot by embedding a small script into their services. This can be purchased as a plan or pay as you go services,” said Vivek Jain, Co-founder, GenieTalk.

Currently, OGenie has over 100,000 downloads and can search domestic and international flights, book, reschedule, cancel, do web check-in, etc.

The genie app is selling exclusive membership with Airtel Payments Bank, HDFC Times Card, JioSaavn, Freecharge, Phonepe, etc. The Genie ELITE membership offers various benefits, including flight rescheduling, discounted cancellations, and complimentary seats. 

The founders even developed their in-house and IATA Certified Travel application OGenie available on the Play Store and App Store, with an inbuilt voice-activated virtual travel assistant (Virtual Travel Buddy) Genie, which is intended as a travel concierge service. Currently OGenie has over 100,000 downloads and can search domestic and international flights, book, reschedule, cancel, do web check-in etc.

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