AI firm Yellow Messenger raises $4 million in series A

BENGALURU: Artificial intelligence startup Yellow Messenger has raised $4 million (Rs 27 crore) in its Series-A funding round from Lightspeed Venture Partners and other prominent angel investors, including founder of Redbus Phanindra Sama and Snapdeal cofounders Kunal Bahl and Rohit Bansal.

The Bengaluru-based firm plans to use the funds to deepen its tech capabilities, expand its teams and presence in Asia, the Middle East and other emerging markets. “We are excited about partnering with Lightspeed and our eminent angel investors to invest in R&D and expand our global presence to build the most impactful enterprise technology firm for the AI era,” said Raghu Ravinutala, CEO, Yellow Messenger.