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Business News›Small Biz ›SME›Convin raises Rs 2.5 crore from Titan Capital,
9Unicorns



THE ECONOMIC TIMES DAILY NEWSPAPER IS AVAILABLE ONLINE NOW.

Read Today's Paper


CONVIN RAISES RS 2.5 CRORE FROM TITAN CAPITAL, 9UNICORNS

SECTIONS
Convin raises Rs 2.5 crore from Titan Capital, 9Unicorns
ET OnlineLast Updated: Jun 02, 2021, 05:59 PM IST
Synopsis


THE COMPANY WILL USE THE FUNDS TO DEVELOP ITS PRODUCTS AND BUILD THE CORE TEAM
TO ACHIEVE PRODUCT-MARKET FIT.

Getty ImagesConvin has worked across different companies in different domains to
be able to see how important it is to understand customer conversations for
building an organization that is fundamentally different from others.
NEW DELHI: Convin, a company specializing in conversation analysis for remote
and inside sales teams, has announced that it has raised Rs 2.5 crore in a
pre-seed round of funding led by Titan capital and 9Unicorns. Several marquee
investors, including Kunal Shah - founder of Cred, Abhishek Goyal - founder of
Tracxn, Ramakant Sharma - founder of Livspace, Sunder Nookala - founder of
Huminos, and Rajesh Razdan - founder of Devtron Labs, also participated in the
round. The Bengaluru-based company will use the funds to develop its products
and build the core team to achieve product-market fit.

Convin has been co-founded by IIT Delhi Alumni Ashish Santhalia, Atul Shree,
Durgesh and Bharat Patidar. Convin enables sales professionals to learn from
their own conversations and allows managers to review the conversations and
share feedback with the team at scale. It further helps leaders to become
proactive in their strategic approach towards sales and products.

According to Santhalia, while working on a new product line at a B2B SaaS
company, he realized that sales conversations with prospects has tremendous
potential to help the entire organsiation learn and do better. The conviction
towards the problem only grew when he worked at a B2C company with a large sales
team. This led to the birth of Convin.



"We have analyzed about 1.5 million minutes of conversations till now, providing
value to users and enabling them do their job better. The goal is to empower one
million sales people with the power of AI to learn from their own conversations
and close bigger, better and more sales. We are glad to be backed by top VCs,
and the fund will help us to move closer to our goal," he said in a statement.

In a statement, Bipin Shah, Partner at Titan Capital, said, "The platform that
aims at enabling organisations to make use of their customer conversations
effectively holds a huge potential to thrive in the current market scenario."

"Sales teams can use these insights to sharpen their strategies to maximize
conversion rates and yield superior dividends. The innovative product and the
strong founding team behind the startup give us confidence in our investment in
the company. We are committed to providing Convin with its guidance and
empowering it to unlock greater growth opportunities in its entrepreneurial
journey," said Anuj Golecha, Co-Founder, 9Unicorns,in a statement.



Convin has worked across different companies in different domains to be able to
see how important it is to understand customer conversations for building an
organization that is fundamentally different from others.


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