India, Sept. 7 -- Voice AI startup Navana.ai has raised Rs.40 Cr ($4.2 Mn) in a Series A funding round led by existing investor and upGrad cofounder Ronnie Screwvala. Antler India, Neysa.ai founder Sharad Sanghi, WestBridge Capital's managing partner Sandeep Singhal, among others, also backed the startup.

The startup will use the fresh capital to scale its voice AI platform's deployment across the BFSI sector, strengthen speech models for Indian languages and dialects, and accelerate the development of its AI Contact Centre as well as automated evaluation platform.

Founded in 2018 by brothers Raoul and Jai Nanavati, Navana.ai is building what it describes as a sovereign, full-stack voice AI platform that enables enterprises to deploy vo...