Ringg AI, a Bengaluru-based enterprise voice AI startup, has raised $10 million in an extended Series A round led by Peak XV Partners, with existing backers Arkam Ventures and Capital 2b also participating, the company said on August 26. The extension takes the total size of Ringg’s Series A, first closed at $5.5 million in January 2026, to $15.5 million. No valuation was disclosed.
Founded in October 2023 by Siddharth Shankar Tripathi, Utkarsh Shukla and Kali Charan Vemuru, Ringg builds AI agents that automate customer conversations for enterprises across voice calls, WhatsApp and browser-based workflows. Tripathi previously worked at Groww and Flipkart; Shukla at Blinkit and Atlan; and Vemuru at Flipkart. The company is also backed by fintech entrepreneur Kunal Shah and the Groww Founder Fund.
Ringg began life as a text-to-speech company called DesiVocal, but pivoted to enterprise voice agents after finding the cost of training its own speech models difficult to sustain as a standalone product. It has since rebuilt that capability on its own terms: the company develops proprietary speech recognition and generation models in-house, and its platform routes tasks across different models depending on the workflow. It now processes roughly 20 million call attempts a month, with voice still accounting for more than 70% of the business, and counts Flipkart, Practo, Groww, PolicyBazaar and Shell among its clients. Its agents are deployed across 1,200 Practo clinics for appointment booking and post-visit follow-ups.
The new capital will fund an expansion into more complex, regulated workflows — healthcare appointment booking, ecommerce cart recovery, and fintech onboarding and KYC — that the founders see as more defensible than the high-volume outbound calling and lead qualification work Ringg started with.
“Nobody buys us because the demo sounds good,” said Siddharth Tripathi, founder and CEO of Ringg AI. “They buy us because onboarding improves, resolution times fall, or qualified leads start showing up in the CRM without someone having to make the call. Enterprises should not have to buy a voice layer and then stitch the rest together. We own the loop from conversation to action to evaluation to improvement.”
That candour about commoditisation risk is echoed by the startup’s newest investor. Peak XV principal Rishen Kapoor pointed to Ringg’s in-house model stack as the reason it can take on harder enterprise mandates rather than compete purely on price.
“Because of the technical capabilities, they can actually do these hard-won enterprise workflows end to end. They can complete these higher-value tasks like merchant onboarding, like L1 and L2 support, with quality and with consistency,” Kapoor said in a statement to TechCrunch
Bengaluru’s voice-AI field is crowded and well capitalised, with rivals including Sarvam and Gnani chasing the same enterprise demand, and the category is reported to have drawn over $250 million in the region this year. Ringg’s 40-person team has grown by more than 15 in the past three months. Its bet is that owning the model layer, rather than reselling third-party AI, buys it a durable latency and cost edge as it moves up the value chain — a wager that carries the same cost pressure that forced its pivot away from DesiVocal in the first place.
