Canbank Venture Capital Fund Ltd (CVCFL) invested from its Fund VI – Empower India Fund, in Bangalore Based conversational AI company M/s. CoRover Private Limited. The capital will be used to fund CoRover’s expansion, and towards R&D to enhance its proprietary AI-based platform.
Canbank Venture Capital Fund Ltd., are a wholly owned subsidiary of Canara Bank. So far, Canbank Venture Capital Fund Ltd. has managed five Venture Capital Funds, apart from a Fund of Funds i.e Electronics Development Fund (EDF). Empower India Fund is the Sixth Fund of Canbank Venture Capital Fund Ltd.
CoRover® is the first Human Centric conversational AI company founded by Mr.Ankush Sabharwal, Mr. Manav Gandotra and Mr. Kumal Bhakhri. CoRover offers a managed Chatbot as a Service (CaaS)® with self-onboarding support, AI based VideoBot platform to help organizations cut down costs, accelerate revenue, improve customer experience and operational efficiency. CoRover has over 400 million+ unique users and more than 20 Billion+ interactions. It has users across the world. It has seen the highest user traction in India
CoRover has Various successful AI Virtual Assistants (like AskDisha®, AskSarkar, AskDoc.ai®, AskPai, AskVaani®, AskMaitri®, YukimiBot, and many more) which are built using CoRover’s proprietary and patent protected Cognitive AI technology, which is powered by Artificial Intelligence (AI), Machine Learning (ML), Natural Language Processing (NLP), Augmented Reality (AR), Virtual reality (VR) and Robotic Process Automation (RPA).
CoRover offers its AI Bots services across channels like Website, App, WhatsApp, IVR, SMS, Microsoft Teams and other Social Media & IM Channels, in different formats ranging from Text, Voice, and Video and even supports around 12+ Indian/Vernacular and 100+ Foreign Languages to cater to the needs of the consumers.
The company has gone global providing Conversational AI platform to companies in the US, UK, UAE, Japan, and trying to spread in many more countries. They continue to steer the transformation of chatbots in market.