Devnagri Raises Pre-Series A Funding Led by Inflection Point Ventures

Delhi NCR, 25th July 2024: Devnagri, a Gen-AI company that personalizes business communication for non-English speakers raised an undisclosed amount in a Pre-Series A Round led by Inflection Point Ventures. Funds will be allocated to marketing, sales, technology scaling, R&D, infrastructure and administrative expenses.

Devnagri specializes in personalizing business communication to cater to non-English speakers, making it hyper-local and more accessible. By leveraging advanced NLP and SLM models, Devnagri excels in contextualizing and personalizing content, seamlessly integrating their technology into both private and government infrastructures. Their innovative solutions address the unique linguistic needs of diverse audiences, enhancing communication and engagement.

Devnagri was co-founded by Nakul Kundra and Himanshu Sharma, both of them bring over 15 years of entrepreneurial experience to the company. Nakul Kundra, an MBA in Marketing & Finance, has a rich background in business strategy and management. Himanshu Sharma, also an MBA in Marketing and a skilled coder, combines technical expertise with business acumen. Together, their diverse skill sets, and extensive experience drive the innovative vision and growth of Devnagri.

Mitesh Shah, Co-Founder, Inflection Point Ventures says, “In India, where more than 700 languages are spoken, translating it is a challenging task from the perspective of accuracy, context, and cultural nuances. These issues impact communication, business expansion, and user experience. Devnagri addresses these problems by leveraging AI-powered human translation. The platform ensures precise translations, context-awareness, and localization, enabling seamless communication across diverse Indian languages.”

With top-quality BLEU scores in Indian languages, Devnagri is significantly penetrating the Indian language ecosystem. By expanding from NLP products to GenAI and SLM, they empower customers to personalize their content, meeting the urgent need for localized communication.

Their innovative solutions, utilizing GenAI and SLMs, enable businesses to scale operations efficiently to Tier II and Tier III cities. This cost-effective approach broadens reach and engagement, helping companies tap into new markets and expand their presence across India.

Nakul Kundra, Co-Founder, Devnagri, says, “Communication is for the Receiver” Hence, Law of Attraction will only work when business communicates well with their audiences. As part of the vision, we are focussed on our approach of creating a layer of Hyper Local communication to enable the businesses to communicate with their customers in their language. Taking a step forward, we are moving towards offering the enterprises and Government departments with a private cloud infrastructure, to maintain their ownership on their content and by keeping the LLMs/SLMs trained with every usage by the customer. “Privatisation of Business Communication” is the need of an hour.”

Devnagri has garnered multiple prestigious awards both in India and globally, highlighting their innovative contributions. Their accolades include the TieCon Award 2024 in San Francisco, the Graham Bell Award 2023, a feature in the special edition of Shark Tank India 2022, and recognition as NASSCOM‘s Emerging NLP Startup of India.

The opportunity market for Devnagri is valued at $100 Billion Globally by 2030 ($53 Billion in India growing at a CAGR of 6.7%) which keeps on growing with the growth of all content rich industries. As the language industry is just getting form in India, it will further create sub industries and will change the way of communication for everyone.