AI music startup Tringbox raises Rs 5 crore in seed funding

Mumbai-based AI music technology startup Tringbox has raised Rs 5 crore in seed funding led by Nikhil Gandhi through GIPL, with participation from the MGB Family Office, Paytm Chief Business Officer Narendra Singh Yadav, and other angel investors.

The company, in a statement, said it intends to use the capital for product and AI development, technology infrastructure, music licensing, expanding its catalogue and ensuring compliance, business development, brand partnerships and venue deployments. A portion of the funds will also be used for hiring in product, engineering and operations roles.

"With the fresh capital, Tringbox plans to accelerate product development, expand its intelligent speaker network, and scale deployments across premium venues across India," it said.