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Funding · AI & Deep Tech

Arrowhead raises $3M seed for voice AI sales agents

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Date
Company
Arrowhead
What it does
Voice AI sales agents for financial services
Kind
Funding
Amount
$3M
Stage
seed
Founded
2023
Sector
AI & Deep Tech

What they do

Arrowhead builds voice AI agents that handle outbound sales calls for banks, NBFCs and fintechs

What happened

It raised $3 million in seed funding led by Stellaris Venture Partners, with angel investors including Kunal Shah

Why it matters

The company claims its AI agents achieve up to 45% higher conversion than human sales reps

The details

  • Arrowhead has raised $3 million in seed funding.
  • The round was led by Stellaris Venture Partners, an early-stage venture capital firm.
  • Angel investors include Kunal Shah (founder of CRED), Madhusudanan R (founder of M2P Fintech), Keyur Rajiv Kashikar (Turtlemint), Pramod Mohandas (Kissht), and Shadab Shamim (Kissht).
  • All angel investors are also Arrowhead customers.
  • The company was founded in 2023 by Devyani Gupta and Vengadanathan Srinivasan.
  • Arrowhead builds voice AI sales agents for financial services companies.
  • The funds will be used to enhance core AI models and scale technology and go-to-market teams.

The bigger picture

  • The voice AI market for financial services in India alone is $3 billion, with less than $50 million penetrated so far.
  • Banks and financial institutions are adopting voice AI rapidly due to top-down AI mandates.
  • Human agents cost ₹15-20 lakh per year each in India's $200B+ financial services sector.
  • Arrowhead's AI agents achieve up to 45% higher conversion than human agents.

About the business

  • Arrowhead provides voice AI agents that handle outbound sales calls for banks, NBFCs (non-banking financial companies), and fintechs.
  • The AI agents manage 20-minute+ sales calls end-to-end, including lead qualification and product walkthroughs.
  • They mimic top-performing human sales reps with context-aware dialogue, natural interruptions, and emotion detection.
  • Use cases include credit card upsells, personal loan offers, term insurance pitches, and wealth product cross-sells.
  • The product supports Indian regional languages.
  • Arrowhead claims its agents achieve up to 45% higher conversion than human agents and 2-3x conversion lifts over manual calling.
  • One client reached 100% of its customer base for insurance renewals using Arrowhead's agents.

What happens next

  • Arrowhead plans to use the funds to enhance core AI models and scale technology and go-to-market teams.
  • Over the next 12-18 months, it will develop BFSI-focused conversation models and infrastructure for tens of thousands of concurrent calls with sub-500ms latency.
  • It plans to expand across Southeast Asia and the Middle East over the next year.
  • The company aims for 10x revenue growth in 18 months.

The deal

Type
seed

Investors

  • Stellaris Venture Partners (lead) — Early-stage venture capital firm.
  • Kunal Shah (angel) — Founder of CRED.
  • Madhusudanan R (angel) — Founder of M2P Fintech.
  • Keyur Rajiv Kashikar (angel) — From Turtlemint.
  • Pramod Mohandas (angel) — From Kissht.
  • Shadab Shamim (angel) — From Kissht.

Founders

  • Devyani Gupta, CEO
  • Vengadanathan Srinivasan, Co-founder

About Arrowhead

Product
based voice AI startup
Customers
Banks, NBFCs, and fintech companies managing large-scale customer acquisition and outbound sales operations.
How it makes money
Charges software subscriptions and usage fees for deploying voice AI agents handling sales interactions.
What sets it apart
Deploys voice AI capable of sustaining natural, human-like sales conversations for up to 20 minutes without detection.

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