Gallabox Funding: Gallabox Nets $3.5 Mn To Build Agentic AI Solutions

SUMMARY

The funding was led by Seattle-based FUSE Partners, and it saw additional participation from its existing investors Prime Venture Partners and Neon Fund

The Chennai-based startup plans to use the capital in strengthening its product capabilities and expanding its geographic footprint

The company raised $1.2 Mn in a seed funding round in November 2022

Enterprisetech startup Gallabox has secured $3.5 Mn (INR 30.3 Cr) in an extension of its seed funding round led by Seattle-based investor firm FUSE Partners.

The company’s existing investors Prime Venture Partners and Neon Fund too participated in the funding round.

The Chennai-based startup plans to use the capital in strengthening its product capabilities and expanding its geographic footprint.

“A lot of our investment is really going into building agentic AI solutions for small to medium-sized businesses (SMBs), because they’ve always been priced out,” cofounder and chief executive of Gallabox, Karthik Jagannathan, told Inc42.

“These agentic AI solutions help small business owners to turn a lead into a conversation, or otherwise said, transferring a prospect into an outcome.”

Jagannathan, Yogesh Narayanan and Yathin Panchanathan founded Gallabox in 2021 as a no-code conversational commerce platform that helps small and medium enterprises manage sales conversions primarily on Meta’s messaging platform WhatsApp.

It has so far served over 10,000 businesses across 45 countries, with strong traction in service-based sectors such as education, real estate, travel, healthcare and wellness.

The company raised $1.2 Mn in a seed funding round led by Prime Venture Partners, in November 2022.

The latest funding comes at a time when Deloitte predicts that 25% of companies that use GenAI will launch agentic AI pilots or proofs of concept this year and push it to 50% by 2027. India has also started embracing this leap, where investors have gained interest to back the agentic AI models of startups to scale their offerings.

In January alone, enterprise AI startup Atomicwork raised $25 Mn to capitalise on its strategy to transform IT service management with its agentic AI platform, and Bengaluru-based agentic AI startup Quash raised $635K to accelerate the development of its AI-backed quality assurance (QA) agents.

Last November, Hyderabad-based AI startup Pulse raised $1.4 Mn to build its team and enhance purpose-built large language models (LLM) and agentic AI capabilities.