Voice AI Startup Ringg Secures $10M From Peak XV to Expand Enterprise Automation in India
aiinsider ·
Ringg, an Indian voice AI startup, has raised $10 million from Peak XV Partners as an extension of its Series A round, bringing its total funding to $15.5 million after an earlier $5.5 million raise this year. The company currently processes about 20 million call attempts per month and is betting on growth because most Indian consumers still prefer phone communication with businesses. Originally launched as a text-to-speech startup called DesiVocal, Ringg pivoted to building voice AI agents for enterprises after finding it too costly to train its own speech models, though it still develops proprietary speech recognition and generation technology. Early customers included fintech firm Cred, and the platform later expanded to clients such as Flipkart, Practo, Groww, and Policybazaar. Ringg initially focused on high-volume tasks like outbound calling and loan collection but has shifted toward more complex workflows, including healthcare appointment booking, e-commerce cart recovery, and fintech onboarding checks. Its voice agent reportedly operates across 1,200 clinics for Practo. Peak XV principal Rishen Kapoor said Ringg's background as a former research lab allows it to handle demanding enterprise workflows with consistency. The company, which has 40 employees, is expanding hiring for engineering and research roles.
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