Convin and 99 Pancakes Secure Fresh Funding to Drive AI and QSR Expansion Across India

Convin and 99 Pancakes Secure Funding to Expand Across India

Two companies, Convin and 99 Pancakes, have raised new funds to grow their businesses. Convin focuses on AI-powered solutions, while 99 Pancakes is expanding its quick service restaurant (QSR) chain.

Convin Raises $6.5M for AI Solutions

Convin, an AI-based platform, raised $6.5 million in Series A funding led by India Quotient. Other investors include JSW Ventures, Kalaari Capital, Titan Capital, Sparrow Capital, and 9Unicorns. The funds will help Convin grow its team and expand distribution.

• About Convin: Founded in 2021 by Ashish Santhalia, Convin uses AI to help sales, support, and collections teams analyze customer interactions. Their tools improve efficiency and customer experience. Convin serves over 80 clients, including Reliance Nippon, Titan, and Lazypay, and expects to triple its revenue by 2024-25.

99 Pancakes Secures $2.4M to Grow Its QSR Chain

99 Pancakes, a QSR chain, raised Rs 20 crore ($2.4 million) in Series A funding from a family office. The funds will support its plan to expand across India.

• About 99 Pancakes: Founded in 2017 by Vikesh Shah, 99 Pancakes offers pancakes, waffles, crepes, and more. The company plans to open 50 new outlets this year and aims to reach 200 locations by 2025. Recent expansions include new outlets in Gujarat.

Looking Ahead

With new funding, Convin and 99 Pancakes are set to grow rapidly. Convin will enhance its AI tools, while 99 Pancakes will expand its presence across India, reaching more customers.