Analysis · AI & Deep Tech

ElevenLabs India head speaks at AI summit

What they do

ElevenLabs builds natural-sounding speech synthesis software using deep learning

India head Karthik Rajaram spoke at the Inc42 AI Summit 2026 panel with Myntra and Cure executives

The company works with Cars24 and Meesho, improving sales conversion and customer query resolution

ElevenLabs India head Karthik Rajaram spoke at the Inc42 AI Summit 2026 panel.
The panel also included Myntra CTO Pramod Adiddam and Cure cofounder & CTO Ramakrishna R.
ElevenLabs builds natural-sounding speech synthesis software using deep learning.
The company works with Cars24, providing about 400 voice AI agents for lead qualification and assisted sales.
Cars24 saw a 35% improvement in sales conversion from ElevenLabs voice AI.
ElevenLabs also works with Meesho, where voice AI handles thousands of customer queries across languages.
Meesho saw improved resolution rates and cost optimisation from voice AI.

The Indian AI market is projected to be a $126 Bn opportunity by 2030.
Indian AI is expected to contribute up to $1.7 Tn to GDP by 2035.
Indian voice AI startups like CoRover, Bolna, Ringg, Gnani.ai have raised funds recently.
Cure CTO Ramakrishna R said AI agents need bounded autonomy: handle routine queries independently, escalate complex ones to humans.

ElevenLabs builds natural-sounding speech synthesis software using deep learning.
The company works with Cars24, providing about 400 voice AI agents for lead qualification and assisted sales.
Cars24 saw a 35% improvement in sales conversion from ElevenLabs voice AI.
ElevenLabs also works with Meesho, where voice AI handles thousands of customer queries across languages.
Meesho saw improved resolution rates and cost optimisation from voice AI.
Voice AI can understand emotional context throughout a customer interaction and respond accordingly.

Product: AI voice and audio synthesis platform with advanced natural language processing for speech generation
Customers: Enterprises, content creators and developers building voice-enabled applications globally
How it makes money: B2B SaaS API and subscription model for voice synthesis and audio generation services
What sets it apart: Advanced AI models for natural-sounding speech with 500M+ annual recurring revenue