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Funding · AI & Deep Tech

Nurix AI raises ₹135 crore from Prosus and others

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Date
Company
Nurix AI
What it does
AI voice and chat agents for enterprises
Kind
Funding
Amount
Undisclosed
Stage
Series A
Founded
2024
Sector
AI & Deep Tech

What they do

Nurix AI builds human-like AI agents for customer service, sales, and operations

What happened

It raised ₹135 crore in a round led by Prosus, with existing investors General Catalyst, Accel, and Mukesh Bansal also participating

Why it matters

The startup plans to use the funds to expand in India and the US and build core technology differentiators

The details

  • Nurix AI raised ₹135 Cr in total, with Prosus investing ₹28 Cr and existing investors ₹109 Cr.
  • Prosus invested ₹28 crore, while existing investors General Catalyst, Accel, and Mukesh Bansal invested ₹109 crore.
  • The pre-money valuation was $67 million.
  • The startup was founded in 2024 by Mukesh Bansal and Abhishek Asawa.
  • It was formed in Bansal's incubator Meraki Labs.
  • The funds will be used to expand market share in India and the US and build core technology differentiators.
  • Nurix AI claims its AI bots reduce processing time by 60-70%, boost workflow timelines by 3X, and lead to a 200% jump in throughput.

The bigger picture

  • The Indian AI market is expected to become a $126 billion opportunity by 2030, with a potential GDP impact of $1.7 trillion by 2035.
  • Nurix AI competes with players like Yellow.ai, Skit.ai, Gupshup, Haptik, and Verloop.
  • The startup's clientele includes super.money, Myntra, Cult.fit, and Aditya Birla Capital.

About the business

  • Nurix AI offers AI-based human-like voice and chat agents for enterprise customer service, sales, and operations.
  • Its AI bots reduce processing time by 60-70%, boost workflow timelines by 3X, and lead to a 200% jump in throughput.
  • Clientele includes super.money, Myntra, Cult.fit, and Aditya Birla Capital.
  • The team has over 132 people as per LinkedIn.
  • Competitors include Yellow.ai, Skit.ai, Gupshup, Haptik, and Verloop.

What happens next

  • Use funds to expand market share in India and the US.
  • Build core technology differentiators.

The deal

Type
funding

Investors

  • Prosus (lead) — Global investment firm.
  • General Catalyst (existing) — Venture capital firm.
  • Accel (existing) — Venture capital firm.
  • Mukesh Bansal (existing) — Co-founder of Nurix AI and founder of Myntra and Cult.fit.

Founders

  • Mukesh Bansal, Co-founder
  • Abhishek Asawa, Co-founder

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