India, June 4 -- Gurugram-based enterprise AI startup TrueFan AI has raised $10 Mn (about Rs.96 Cr) in its Series A funding round led by Baring Private Equity Partners India and Z3Partners. IAN Alpha Fund and 3Lines Venture Capital also participated in the round.

The startup plans to use the capital to expand its enterprise customer base, enter new markets across Southeast Asia and the Middle East, and scale its presence in the US.

"Our key investment priorities are distribution and geographic expansion. We aim to grow our monthly client base while strengthening our presence in India and expanding into nearby markets," TrueFan AI cofounder Nimish Goel told Inc42.

Founded by Goel and Devender Bindal in early 2020 as a celebrity engageme...