| Company | BusinessNext |
|---|---|
| Funding Amount | $40 Million (₹345 Crore) |
| Round | Series B |
| Investor | ServiceNow Ventures |
| Company Valuation | $700 Million |
| Co-Founder | Rishi Gupta,Nikhil Gupta |
BusinessNext secured $40 million in funding, bringing its valuation to $700 million (approximately ₹6,000 crore). This funding round was led by ServiceNow Ventures. The company plans to utilize these funds to invest in the development of AI and Generative AI-based products.
BusinessNext is an Indian company that provides services within the Banking, Financial Services, and Insurance (BFSI) sectors. Its primary objective is to deliver high-quality services to banks, insurance companies, and NBFCs.
The company intends to use the funds primarily for:
- Expanding into international markets.
- Investing in the development of AI and Generative AI-based products.
- Research and Development (R&D) activities.
- Hiring new talent for engineering, AI, and sales teams.
In 2014, the company raised approximately $7 million in a Series A funding round with the support of Norwest Venture Partners. In 2021, it secured $16 million in a Series B round backed by Avataar Ventures and Ascent Capital. To date, BusinessNext has raised a total of $63 million (approximately ₹540 crore).
Key services offered by the company:
- AI-powered CRM Platform
- Digital Banking Solutions
- Loan Origination System (LOS)
- Customer Onboarding
- Sales Force Automation
- Customer Service & Engagement
- Generative AI-based banking solutions
The company serves clients both in India and abroad. Its core objective is to deliver services more intelligently by leveraging AI and cloud technologies.
