CoRover.ai Is Shutting Down Its US, UK Companies To Focus On India Market

CoRover.ai To Shut Down Its US, UK Subsidiaries To Focus On The India Market

SUMMARY

Speaking at Inc42's GenAI Summit, the founder & CEO of CoRover.ai, Ankush Sabharwal, said that the company is closing its US and UK subsidiaries to keep their focus on India for now

Sabharwal said this while talking about the GenAI India opportunity during a session moderated by the MD of Pi Ventures, Roopan Aulakh, on GenAI Adoption Among Startups And Enterprises

According to an Inc42 report, the country’s GenAI market is projected to become a $17 Bn market opportunity by 2030, growing at a CAGR of 48% from $1.1 Bn in 2023

The maker of BharatGPT and one of the leading players in the Indian conversational AI space, CoRover.ai, will be shuttering its US and UK businesses to focus on India ops. Speaking at Inc42’s GenAI Summit, the founder & CEO of CoRover.ai, Ankush Sabharwal, said that the company is closing its US and UK subsidiaries to keep their focus on India for now.

Announcing the closure of its US, UK subsidiaries, Sabharwal said, “We had opened up a company in the US and UK. Today, we are closing, literally. We have requested our partners, the legal handling in this regard. While our plan is to cater to the US and the UK markets in the long term, currently, we are getting a huge demand here in India and want to prioritise the Indian market first.”

Sabharwal said this while talking about the GenAI India opportunity during a session moderated by the MD of Pi Ventures, Roopan Aulakh, on GenAI Adoption Among Startups And Enterprises.

The session was also attended by Khadim Batri, founder & CEO, Whatfix, and Souvik Sen, technical cofounder and head of engineering, Ema Unlimited.

Founded in 2016 by Ankush Sabharwal, Kunal Bhakhri, Manav Gandotra and Rahul Ranjan, CoRover.ai is a conversational AI-based startup that has built an LLM called BharatGP.

The startup offers AI virtual assistants (chatbots, voicebots, videobots) to its clients, including IRCTC, LIC, IGL, KSRTC, Indian Navy (GRSE), Max Life Insurance, NPCI, BHIM-UPI, Mahindra, and Government of India, among others. These bots can take command and respond in over 14 Indian languages. The startup claims to have a user base of over 1 Bn.

According to Inc42’s latest ‘India’s Generative AI Startup Landscape, 2023’ report, the country’s GenAI market is expected to grow exponentially in the next few years, surpassing $17 Bn by 2030 from $1.1 Bn in 2023, growing at a CAGR of 48%.