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Exclusive: Hunar AI valuation jumps 71% in Series A round

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Exclusive: Hunar AI valuation jumps 71% in Series A round

Hunar.AI, an AI-powered frontline workforce platform, has raised Rs 39.3 crore in a Series A funding round led by Blume Ventures with the participation from Seedstars, Hyderabad Angels Fund, AVNM Ventures, Physics Wallah’s co-founders Alakh Pandey and Prateek Maheshwari.

According to the company filing, the company had raised around Rs 18 crore in pre - series A round led by existing investor Together Fund.

The board at Hunar AI passed a special resolution to issue 5,206 compulsorily convertible preference shares (CCPS) at an issue price of Rs 75,492 per share to raise Rs 39.30 crore in fresh capital, according to its regulatory filings accessed by Entrackr.

Blume Ventures led the round with an investment of Rs 29 crore, followed by Seedstars with Rs 3.31 crore and Hyderabad Angels Fund with Rs 3 crore. AVNM Ventures invested Rs 2 crore, while Prateek Maheshwari and Alakh Pandey invested Rs 1 crore each.

As per Entrackr’s estimates, Hunar AI’s valuation rose over 71% to Rs 180 crore or approximately $19 million in the new round, compared with Rs 105 crore in the pre-Series A.

The proceeds will be utilised for working capital needs, capital expenditure, operations, and business expansion, said the filings.

Founded in 2022 by Krishna Khandelwal and Shantanu Bhattacharyya, Hunar.AI provides AI-powered voice agents to automate frontline workforce operations, including hiring, onboarding, training and employee engagement. The startup uses multilingual voice AI to help businesses streamline recruitment and workforce management.

17%. 05% stake each in the company.



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