AI-powered customer engagement platform Cheerio AI has successfully raised ₹8 crore in a seed funding round led by Artha Venture Fund through its Artha Venture Fund II. The funding round also included contributions from Hyderabad Angels, TiE Angels, LetsVenture, Invention Engine, and various angel investors.
The raised capital will be used to enhance Cheerio AI’s multi-modal AI capabilities, develop a proprietary small-model LLM for ad generation, expand into voice and video channels, and reinforce automation features and enterprise-grade infrastructure. Additionally, the company plans to grow its team in engineering, AI, enterprise sales, and customer success to support its global expansion.
Founded by Nishant Das, Avinash, and Priam, Cheerio AI specializes in an AI-powered customer engagement platform designed to optimize the CAC-to-LTV equation for enterprises. The platform streamlines marketing, support, and sales workflows across multiple channels, including WhatsApp, email, SMS, social messaging, and in-app communication.
Cheerio AI has a client base of over 150 enterprises spanning six industries and reportedly delivered more than ₹500 crore in additional revenue for its clients through retention automation. With a remarkable revenue growth of 450% year-on-year over the last two years, the company is poised for further expansion and innovation in the customer engagement space.
Source: Entrackr : Latest Posts