Leadership
Bengaluru-based RevRag.AI has raised $2.5 million (approximately ₹24 crore) in a seed funding round led by Accion Ventures, with participation from Cedar Hill Ventures, Wyser and Venture Catalysts.
Founded by Ashutosh Singh (CEO), Neeraj Gupta (CPO) and Pankaj Gupta (CTO), RevRag.AI develops AI-powered virtual relationship managers for banks, lenders, insurers and fintech companies.
The startup builds autonomous AI agents that integrate with financial institutions’ applications to assist customers with onboarding, financial product discovery, transactions and multilingual customer support.
RevRag.AI serves more than 45 customers in India, including PhonePe, Razorpay, Bajaj Finance, Motilal Oswal and IIFL. Its solutions aim to streamline customer interactions, improve onboarding journeys, reduce customer drop-offs and lower operational costs for financial institutions.
The fresh capital will support product development and the company’s international expansion, including its planned entry into the US market. The funding marks another step in the growing adoption of enterprise AI solutions across the financial services sector.
