Verloop raises $3 million funding

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A SaaS customer engagement automation provider Verloop has announced raising $3 million Series A funding. The funding is led by IDFC Parampara Fund, which invests in technology IP and innovation themed startups.

VerloopOther investors include Kris Gopalakrishnan, co-founder of Infosys and Dr Ranjan Pai , Chairman of the Manipal Education and Medical Group (MEMG).

The startup plans to send this funding to enhance its customer engagement platform and is also planning to expand its global reach.

Verloop is promoted by GrowthStory, the venture-builder platform founded by serial entrepreneurs K Ganesh and Meena Ganesh.

“Our conversational automation platform already works with more than 5000 clients across eCommerce, Healthcare, Education, Entertainment & Lifestyle sectors across 37 countries. This investment is a striking endorsement from some of the savviest and most well-known names in start-up and tech ecosystem and comes at a time when we are continuing to hire top talent and build further traction for the business,”  said Gaurav Singh, the 28-year old Founder & CEO of Verloop.

“People are seeking out a conversational experience with brands and Verloop helps organizations do this at scale. Over the last several months we’ve undertaken an intricate assessment of the Verloop platform, its architecture and the product roadmap. We were very impressed at the way the team has built Verloop and are delighted to partner with Gaurav and his team. The use-cases they’ve built are very interesting and there is great potential for the product to verticalize and mine the potential for automated customer engagement across industries, across countries and across languages,”said Jatin Desai, General Partner, IDFC-Parampara.

Verloop has been able to process more than 120 million unique conversations have been processed since Verloop launched operations in late 2016. 

The same platform was utilised in the making of Tamil film Kaala.


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