RevRag.AI Raises $2.5M Seed Round for AI Relationship Managers
Agentic AI startup RevRag.AI has raised $2.5 million (₹24 crore) in a seed funding round led by Accion Ventures. Cedar Hill Capital, Wyser, and Venture Catalysts also backed the startup.
RevRag.AI builds autonomous AI agents that act as virtual relationship managers embedded within a financial institution’s application.
The agents handle onboarding, product sales, and support functions, providing real-time, multilingual assistance to users.
The company, founded in 2023 by schoolmates Ashutosh Singh, Neeraj Gupta, and Pankaj Gupta, initially operated as a savings-oriented fintech platform.
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It pivoted to a SaaS model in early 2025 after the founders realised that customer onboarding continued to involve repetitive data entry, multiple verifications, and cumbersome documentation.
Singh told Inc42 that the offering can save up to 70% of costs compared to traditional channels. RevRag.AI serves over 45 customers in India, including PhonePe, Razorpay, Bajaj Finance, Motilal Oswal, and IIFL.
The capital will fund product development and the company’s expansion into the US. RevRag.AI previously raised $1 million from Powerhouse Ventures and angel investors, including WhatsApp head Kunal Shah.
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