ConveGenius has raised $7 million (Rs 58 crore) as a part of a growth fundraising strategy targeted at accelerating the generative AI capabilities of SwiftChat and facilitating expansion into international markets.
The Noida-based Edtech startup’s conversational AI platform SwiftChat is designed to democratise knowledge and information access by enabling the creation, deployment, and management of omnichannel bots. The company aims to build SwiftChat’s reach to 200 million users.
Dhun Davar, Head of Social Finance at UBS Optimus Foundation and Head of Social Impact and Philanthropy, India and Middle East, UBS said “We are delighted to partner with ConveGenius, as their SwiftChat generative AI platform provides the personalised learning content and teacher training support needed in schools. Their impact is measurable and scalable, and we look forward to working with them to reach millions of students.”
Founded in 2013 by Jairaj Bhattacharya and Shashank Pandey, ConveGenius claims it is an AI-first edtech company focused on enriching learning experiences for users worldwide. SwiftChat’s conversational AI bot store has a reach of 143 million registered user profiles and widespread adoption in over 577,000 schools in India.
Swift School’s personalised adaptive learning platform according to the firm has been implemented in more than 25,000 schools across 16 states in India, benefiting over 4 million students, while Swift Insights’ assessments and data intelligence platform have been used for measuring learning outcomes for 7 million students across 20 states in India and four other countries.
ConveGenius aims to transform public education systems
“ConveGenius has implemented at a massive scale educational solutions serving students, teachers, institutions, and Government administrators. It is successfully transforming public education systems, one of the toughest frontiers in the K-12 space,” Ali Shariff, Partner at Mount Judi Ventures, noted.
In 2021, it secured $5 million in a funding round led by investors BAce Capital, Heritas Capital, and 3Lines Venture Capital, with participation from MSDF. Prior to the $7 million funding, ConveGenius had raised a total funding of $9.09 million in over eight rounds, according to market intelligence platform Tracxn.
The growth financing round was led by UBS Optimus Foundation, Mount Judi Ventures, with participation from existing backers. The round—involved existing investors like the Michael & Susan Dell Foundation (MSDF), BAce Capital, Heritas Capital, and Gray Matters Capital.
