Limechat
High Tech- GenAI Chatbot | Pre-Series A | B2B
Bengaluru, India
Limechat.ai
LimeChat, is a level 3 AI conversational chatbot redefining the buying journey from product inquiries to checkouts leveraging the WhatsApp. It adeptly handles marketing and customer support for e-commerce brands, resulting in 2X conversions than websites and a 150% reduction in spam. Powered by NLP, ML, and contextual assistants, it has driven $10M+ revenue for brands, achieves 3X faster checkout on chat, and reduces CAC by 50%.
Founder
Nikhil Gupta
Co-Founder
5+ yrs of Experience in High Tech- AI Industry YC W 21 | Forbes 30U30 IIT Delhi, CMU
Aniket Bajpai
CO-Founder
5+ yrs of Experience in Marketing & Operations Forbes 30U30 | 2x Founder | Strategic advisor to 300+ D2C Brands, IIT Delhi
Key Highlights
ARR (Jan'24)
INR 12.8 Cr
YOY Revenue Growth Rate
250%
Gross Margins
75%
Indian Market Leader
20% Share in D2C Brands
NRR
120%
Reducing Brand CAC
50%
Key Investors
Deal Details
Current Deal Round
Seed
Round Size
INR 2 Cr (INR 1.5 Cr committed)
Minimum Ticket Size per Investor
INR 2,00,000
Instrument
CCPS
Soonicorn Platform Fee
Admin Fee: 2% of investment amount
Carry: 10%
Pre Money Valuation
Floor INR 141 Cr | Cap INR 172 Cr
25% Discount
Conversion at Floor, if no next round term sheet is received by July 31, 2024
*AIF Condition : Consolidated commitment for AIF should be more than INR 50 Lacs to qualify as a valid entry to the cap table
Deal Runner
Aishwarya Garg
