About Voice AI sector in India
The Voice AI sector in India comprises 30 companies, including 17 funded companies having collectively raised $87.1M in venture capital money and private equity. Out of these, 7 are Series A+ funded.
Voice AI sector in India has seen 1 acquisition.
This sector includes companies developing technologies, frameworks, and platforms that enable machines to process, understand, generate, and respond to human speech in natural, context-aware ways.
Voice AI sector is also known as Voice AI Solutions, Advanced Voice AI or Digital Voice AI.
Includes companies developing core Voice AI technologies such as speech recognition (ASR), text-to-speech(TTS), and voice synthesis solutions, voice cloning solutions, Voice AI development solutions, Voice AI APIs, frameworks, among others
Also includes industry-agnostic Voice AI-based solutions like customer support AI Voice agents and chatbots, voice analytics tools, meeting intelligence tools, voice-based AI interviewers, among others.
Industry-specific Voice AI solutions, such as voice-based medical documentation tools, voice-based AI driver assistants, and education-focused Voice AI, among others, are also included. Professional services or call center outsourcing companies are not included. Companies developing products where voice AI is only a feature are not included here. Service based audio transcription companies are not covered here are excluded.
Top Voice AI Companies in India
There are 30 Voice AI startups in India which include Verloop.io, Gnani, Navana, Ringg AI, Murf. Out of these, 17 startups are funded, with 7 having secured Series A+ funding.
2026 has seen the creation of 1 Voice AI startup in India. Over the past 10 years, an average of 2 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Kharagpur, BITS Pilani and IIT Madras.
Here is the list of top Voice AI startups in India
1. Verloop.io
Provider of AI-powered customer service automation solutions. It is a cloud-based platform offering conversational AI solutions for customer support automation. It enables businesses to deliver human-like, empathetic conversations at scale, across multiple channels and languages. The platform simplifies customer support automation, providing exceptional customer experiences. The solution includes AI agents for chat and voice automation, a co-pilot for human agents to improve response times, and tools for automated quality assurance.
Key facts about Verloop.io
- Founded Year: 2015
- Location: Bengaluru (India)
- Stage: Acquired
- Total Funding till date: $15.3M
- Investors: Alpha Wave Global, Parampara Capital and 28 Others
- Latest Funding Round: Series A, Nov 17, 2022, $*****
- Tracxn Score: 64/100 What is this?
- Competitors Rank: 12 of 2,670 Competitors
2. Gnani
Developer of proprietary speech and language models for enterprise applications. The platform provides speech-to-text, text-to-speech, and speech-to-speech capabilities designed for telephonic environments. These models support multiple languages and dialects, enabling automated voice agents, conversation analytics, and biometric authentication. The technology is engineered for integration into workflows across sectors such as banking, insurance, healthcare, and government. Deployments are supported via cloud, private cloud, on-premise, and air-gapped environments to meet data residency and security requirements. The system processes large volumes of daily voice interactions, utilizing foundational models trained on extensive telephonic audio data to ensure accuracy in real-world conditions.
Key facts about Gnani
- Founded Year: 2016
- Location: Bengaluru (India)
- Stage: Series B
- Total Funding till date: $21.9M
- Investors: Commonwealth Inclusive Growth Services, Samsung Venture Investment and 23 Others
- Latest Funding Round: Series B, Jul 10, 2026, $*****
- Tracxn Score: 64/100 What is this?
- Competitors Rank: 7 of 1,097 Competitors
3. Navana
Developer of voice artificial intelligence infrastructure for enterprise applications. The platform provides proprietary speech models designed to understand context and language nuances, enabling businesses to deploy voice agents, transcription systems, and real-time analytics. The technology supports multilingual interactions and is engineered for integration into internal workflows to automate customer engagement and support processes.
Key facts about Navana
- Founded Year: 2018
- Location: Mumbai (India)
- Stage: Series A
- Total Funding till date: $5.68M
- Investors: Angel List, Antler and 27 Others
- Latest Funding Round: Series A, Sep 07, 2026, $*****
- Tracxn Score: 63/100 What is this?
- Competitors Rank: 12 of 1,443 Competitors
4. Ringg AI
Platform that develops intelligent AI voice calling assistants for enterprises. It features in automating and streamlining calling operations for businesses. It offers AI-driven calling agents, call assistants, and AI voice agents to help organizations manage the communication processes. The platform enables businesses to manage tasks by automating routine and repetitive tasks. It enables deployment of custom voice agents for end-to-end call handling or human escalation, including bulk campaigns, real-time branching, and more.
Key facts about Ringg AI
- Founded Year: 2023
- Location: Bengaluru (India)
- Stage: Series A
- Total Funding till date: $16.6M
- Investors: Peak XV Partners, Capital 2B and 22 Others
- Latest Funding Round: Series A, Jul 22, 2026, $*****
- Tracxn Score: 61/100 What is this?
- Competitors Rank: 32 of 3,933 Competitors
5. Murf
AI and SaaS-based text-to-speech solutions provider. It allows users to upload a script or a recording on the platform and turns it into study-quality voiceovers. It provides voiceover in videos, voice changers, voice editing, voice-over presentation, and more.
Key facts about Murf
- Founded Year: 2020
- Location: Salt Lake City (United States)
- Stage: Series A
- Total Funding till date: $11.5M
- Investors: Elevation Capital, Z47 and 11 Others
- Latest Funding Round: Series A, Sep 21, 2022, $*****
- Tracxn Score: 61/100 What is this?
- Competitors Rank: 1 of 215 Competitors
Companies founded year-on-year in the Voice AI sector in India
1 new startup has been founded so far in 2026 in the Voice AI sector in India. 7 Voice AI startups in India were founded in 2023 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 1 |
2025 | 5 |
2024 | 3 |
2023 | 7 |
2022 | 2 |
2021 | 2 |
2020 | 3 |
2019 | 1 |
2018 | 1 |
2017 | - |
Stage-wise distribution of Voice AI sector companies in India
Out of the total 30 Voice AI companies in India, 17 have secured funding. Among them, 7 have reached Series A or higher, and 2 to Series B or beyond.
Founded - 30
Funded - 17
Series A+ - 7
Series B+ - 2
Series C+ - 1
Company Stage | No. of companies |
|---|---|
Founded | 30 |
Funded | 17 |
Series A+ | 7 |
Series B+ | 2 |
Series C+ | 1 |
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Funding Trends in the Voice AI sector in India
Total funding year-on-year in the Voice AI sector in India
The Voice AI sector in India saw a total funding of more than $85.8M in the last 10 years. The most amount of funding has been in 2026 at more than $33.9M till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $33.9M |
2025 | $15.6M |
2024 | $5.97M |
2023 | $520K |
2022 | $12.4M |
2021 | $7.24M |
2020 | $5M |
2019 | $2.21M |
2018 | $3M |
2017 | - |
Recent Funding Rounds in Voice AI in India
In the year 2026, till September 2026, Voice AI companies in India have raised $33.9M in equity funding across 5 rounds.
In the same period last year (i.e. till August 2025), Voice AI companies in India had raised $12.5M across 4 rounds.
So, 2026 has seen a 170.77% rise in funding in Voice AI companies in India as compared to 2025.
Here are some recent, important funding rounds in Voice AI companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 9833 | Sep 07, 2026 | ||
Series A | 7909 | Jul 22, 2026 | ||
Series B | 7662 | Jul 10, 2026 | ||
Series B | 2811 | Mar 27, 2026 | ||
Series A | 5461 | Jan 13, 2026 |
Top Investors in Voice AI in India
Accel is the top investor in Voice AI companies in India based on number of companies invested.
Here are some top investors in Voice AI companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Palo Alto (United States) | - | |
Delhi (India) | ||
Cambridge (United States) | - | |
Menlo Park (United States) | - | |
Delhi (India) |
M&A activity in Voice AI sector in India
In the year 2026, till July 2026, 1 acquisition happened in Voice AI sector in India.
Here are some recent, important acquisitions in Voice AI sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jul 09, 2026 |
Acquisition trends in Voice AI sector in India
Here are the acquisition trends in Voice AI sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 1 |
2025 | - |
2024 | - |
2023 | - |
2022 | - |
2021 | - |
2020 | - |
2019 | - |
2018 | - |
2017 | - |
Colleges which produce the most Voice AI companies in India
Companies founded by alumni from top colleges in the Voice AI in India
Most number of Voice AI startups in India have been founded by alumni from IIT Kharagpur, BITS Pilani and IIT Madras.
College | No. of companies |
|---|---|
IIT Kharagpur | 3 |
BITS Pilani | 2 |
IIT Madras | 2 |
Indian School of Business | 2 |
Cornell University | 1 |
IIM Bangalore | 1 |
IIT Bombay | 1 |
IIT Delhi | 1 |
IIT Hyderabad | 1 |
IIT Roorkee | 1 |
Total funding in Voice AI companies founded by alumni from top colleges in India
In the last 10 years, Indian School of Business graduates' Voice AI companies in India have raised the most funding among top colleges. BITS Pilani alumni are second, and IIT Hyderabad alumni are third.
College | Total Funding |
|---|---|
Indian School of Business | $33.4M |
BITS Pilani | $20M |
IIT Hyderabad | $16.6M |
IIT Kharagpur | $11.5M |
IIT Bombay | $11.2M |
Cornell University | $5.68M |
University of Michigan-Ann Arbor | $5.68M |
IIM Bangalore | $3.32M |
Wharton School | $3.32M |
IIT Madras | $440K |
Top News in Voice AI in India
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SquadStack Introduces All-in-One CX Solution Featuring the Humanoid AI AgentAsian News International•Mar 27, 2025•SquadStack
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Gnani.ai Revolutionizes Customer Service with Advanced Conversational AIDevdiscourse•Oct 24, 2024•Gnani
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SquadStack Awarded ‘CX Leader of the Year’ by CX Strategy Summit & Awards 2024Businessnewsthisweek•Sep 06, 2024•SquadStack
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GNANI.AI Unveils India's Inaugural Private Voice-First Small Language ModelDataquest•May 11, 2024•Gnani
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Verloop.io collaborates with WebEngage to empower brands to build engaging customer experiencesExpress Computer•Mar 03, 2022•Verloop.io, WebEngage
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