Funding · AI & Deep Tech

Navana.ai raises ₹40 crore in Series A funding

By Startup Enthusiast · 7 September 2026

What they do

Navana.ai provides voice AI technology for regulated enterprises, focusing on sovereign AI and on-premise deployments to ensure data security

The company raised ₹40 crore in a Series A round led by Ronnie Screwvala, with participation from Antler India and others

The startup plans to use the capital to scale its BFSI deployments and further develop its proprietary speech model, Bodhi

Navana.ai secured ₹40 crore in a Series A funding round on September 7, 2026.
The investment round was led by Ronnie Screwvala.
Participating investors included Antler India, Sharad Sanghi, Sandeep Singhal, and Paula Mariwala.
The company will use the funds to scale deployments within the BFSI (Banking, Financial Services, and Insurance) sector.
Capital will also support the advancement of its proprietary Bodhi speech model and its AI contact centre platform.
The startup aims to enhance its automated evaluation platform for enterprise clients.

The company addresses regulatory requirements like RBI Digital Lending Guidelines which mandate local data storage.
Navana.ai collaborated on the RESPIN open-source dataset, a 10,000-hour speech corpus presented at NeurIPS 2025.
The startup works with institutions like IISc Bengaluru and IIT Madras to advance Indian language speech models.
The Indian voice AI market is currently estimated to be worth ₹9,500 crore.

Navana.ai provides full-stack Voice AI solutions specifically designed for regulated enterprises.
Its core technology includes sovereign AI and on-premise deployments to maintain data privacy.
The company offers an AI Contact Centre platform, speech APIs, and an automated evaluation tool.
Its proprietary speech model, Bodhi, covers 12 Indian languages and over 40 dialects.
The platform has processed over 100 million voice AI minutes to date.
Key clients include Bajaj Finserv, Protean, Ujjivan Small Finance Bank, and Grihum Housing Finance.
The technology is used for customer service, sales, collections, compliance, and support tasks.

Ronnie Screwvala (lead) — Lead investor in the Series A round.
Antler India (participated) — Venture capital firm that also led the pre-Series A round.

Product: A full-stack voice AI platform with voice agents, transcription, analytics, and contact-center tools.
Customers: Regulated enterprises, especially BFSI companies.
How it makes money: Sells enterprise voice AI deployments and related platform services.
What sets it apart: Supports on-premise deployments and proprietary speech models for 12 Indian languages and 45 dialects.
Operations: Builds and deploys voice AI systems for enterprise and contact-center use cases.