ConveGenius has successfully closed a growth financing round, securing USD 7 million (INR 58 Crores) in investment. The round is part of a more extensive fundraising initiative focused on advancing the generative AI capabilities of SwiftChat and expanding into international markets. The round also saw strong participation from the Michael & Susan Dell Foundation (MSDF), which has backed ConveGenius since its inception and participated in every round. The round also saw continued participation from other existing investors – Bace Capital, Heritas Capital, and Gray Matters Capital.
Founded in 2013 by Jairaj Bhattacharya and Shashank Pandey, the ConveGenius Group’s remarkable growth and widespread impact in underserved markets of India can be attributed to its three dynamic business verticals, each addressing distinct yet crucial aspects of education and data intelligence. SwiftChat’s conversational AI bot store, with an extensive reach of 143 million registered user profiles and widespread adoption in 577,000+ schools in India, reflects the success of its chatbots in revolutionising interactive learning experiences. Meanwhile, Swift School’s personalised adaptive learning platform, implemented in more than 25,000 schools across 16 states in India, is fostering immersive educational experiences for over 4 million students. Additionally, Swift Insights’ large-scale assessments and data intelligence platform have played a pivotal role in measuring learning outcomes for 7 million students across 20 states in India and four global countries.
Jairaj Bhattacharya, Cofounder & Managing Director of ConveGenius, said: “This funding round marks a crucial step in ConveGenius’ journey. Our team remains steadfast in the pursuit of empowering every learner, starting with India and fostering data-driven governance for transformative change in education. The capital raised will empower us to export another Indian technology to global markets.”
Dhun Davar, Head of Social Finance, UBS Optimus Foundation and Head of Social Impact & Philanthropy, India and Middle East, UBS, said: “We are dedicated to driving improved learning outcomes for children by enhancing the quality of education, not just in India but worldwide. That’s why we are delighted to partner with ConveGenius, as their SwiftChat generative AI platform provides the personalised learning content and teacher training support needed in schools. Their impact is measurable and scalable, and we look forward to working with them to reach millions of students.”
Ali Shariff, Partner at Mount Judi Ventures, says, “ConveGenius has implemented at a massive scale educational solutions serving students, teachers, institutions, and Government administrators. It is successfully transforming public education systems, one of the toughest frontiers in the K-12 space. We at Mount Judi Ventures are thrilled to support ConveGenius’s mission to redefine education through AI.”
The company’s growth over the past three years is a testament to its success and an indicator of the positive transformation it has brought to millions of students’ learning journeys. As ConveGenius continues its momentum, it is poised to be a driving force in shaping the future of education, bridging gaps, and ensuring equitable access to quality learning experiences for students worldwide.