Ringg Raises $10M from Peak XV for Enterprise Voice AI
Ringg, an Indian voice AI startup, has raised $10 million from Peak XV Partners as an extension of its Series A round.
The raise brings Ringg's total funding to $15.5 million, following an earlier $5.5 million raise this year. The company currently processes 20 million call attempts monthly.
Ringg builds voice AI agents for enterprises, handling complex workflows like healthcare appointment booking, e-commerce cart recovery, and fintech onboarding checks.
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Originally launched as text-to-speech startup DesiVocal, the company pivoted after finding it too costly to train its own speech models independently. Early customers included fintech company Cred, with the platform later expanding to clients such as Flipkart, Practo, Groww, and Policybazaar. Its voice agent operates across 1,200 clinics for Practo.
While Ringg initially focused on high-volume tasks like outbound calling and loan collection, the company shifted toward more complex enterprise workflows. Most Indian consumers still prefer phone-based communication with businesses.
Rishen Kapoor, a principal at Peak XV, said Ringg’s technical foundation as a former research lab allows it to handle demanding enterprise workflows with consistency. The company, which has 40 employees, is expanding hiring for engineering and research roles.
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