Ringg AI, a voice AI startup, has secured $5.5 million (INR 48 crore) in its Series A funding round led by Arkam Ventures. The round also saw contributions from notable investors including Groww’s Founder Fund, CRED founder Kunal Shah, White Venture Capital, and existing investor Capital2B. The funding will be allocated towards expanding Ringg’s international presence and increasing hires in its engineering and product teams, alongside investing in in-house research and development to enhance product reliability and cost efficiency.
Founded in 2023 by Kali CV, Siddharth Shankar Tripathi, and Utkarsh Shukla, Ringg offers a no-code, multilingual voice AI orchestration platform. This enables enterprises to create and deploy AI voice bots capable of engaging customers in a human-like manner, effectively serving as alternatives to traditional call centers. The platform currently supports conversations in ten Indian languages, as well as English, Arabic, Spanish, French, German, and Bahasa.
Ringg operates in sectors such as BFSI (Banking, Financial Services, and Insurance), logistics, and healthcare, providing solutions for tasks ranging from appointment bookings and follow-ups to fraud detection and multi-step negotiations for banks and non-banking financial companies (NBFCs). The startup aims to significantly scale its operations, targeting a growth in monthly conversations to 100 million within two years, up from the current approximately 1.5 million. Notably, nearly 77% of these conversations are fully automated, resulting in reported reductions of 57% in cost per resolution and a 63% decrease in call-center operational expenses.
Among its client roster in India are major firms like CRED, PharmEasy, Shiprocket, Flipkart, and Shell. The company is also exploring pilot programs in the Middle East and North America, underscoring its ambition to broaden its market reach. The latest funding arrives at a time when AI voice agents are increasingly being embraced by Indian businesses for their diverse applications. One of the key areas of focus is the development of agents that utilize data and orchestration to transform raw speech into actionable insights and workflows.
Ringg is also working on three new product initiatives, including AI agents equipped with call-deflection and automatic voice follow-up capabilities. Another significant development is the launch of an AI-native customer relationship manager (CRM) that features an inbuilt memory layer, designed to enhance the personalization of customer interactions.
The recent fundraising round reflects a broader trend in the AI sector, where companies are rapidly innovating to meet growing market demands. Earlier today, Y-Combinator-backed Bolna announced a seed funding of $6.3 million, while enterprise-grade voice AI developer smallest.ai raised $8 million in October. As the landscape for AI voice technologies continues to evolve, Ringg’s advancements position it competitively within a vibrant market.
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