Remote sales start-up Goodmeetings announced today that it has raised 1.7 million USD as a part of its initial funding round led by Chiratae Ventures. Other funds such as FortyTwo.VC, First Check, 100X Entrepreneurs, Adept Ventures & ISB Angels and high net worth entrepreneurs such as Vijay Shekhar Sharma (Founder & CEO, Paytm), Kunal Shah (Founder & CEO, CRED), Sujeet Kumar (Founder & CEO, Udaan), Manish Maheshwari (MD, Twitter India), Piyush Shah (Co-Founder, Inmobi Group), Krishna Kumar (Founder and CEO, Simplilearn) and Raghunandan (Founder and CEO, Zolve, founder TaxiForSure) have also participated in this round.
Like many other business functions, sales, erstwhile dependent on physical interaction, has also gone remote using online meeting tools such as Zoom and other zoom alternatives. As per Gartner research, the trend seems irreversible with obvious benefits of time & cost savings for sellers & buyers.
Goodmeetings leverages video, AI & analytics to enable sales teams to sell more effectively online than offline. It not only combines various ancillary tasks around selling (such as collecting customer information & taking notes) but also nudges the sales person about what to say & when during the video call itself. It self learns from each seller & buyer interaction and redeploys this learning in making future calls more effective.
“Just like IT professionals have enjoyed work from home privileges over the last decade, the pandemic has brought the moment of reckoning for functions like sales that no one earlier believed could be done remotely. Our platform will truly make this privilege accessible to sales teams by increasing their effectiveness more than offline meetings. Using AI & video analytics, we shall empower the sales teams to sell more effectively from the comfort of their homes so that geography doesn’t stand between a great salesperson and his/her dream job”, said Srinivasan Narayan, Co-Founder & CEO of Goodmeetings.
“At Chiratae, we truly buy into the thesis of remote work changing the future of work and the need for vertical tools and technologies to solve for a business function either as good as or better than the status quo. Goodmeetings has the potential to permanently change the way sales is done and to democratize economic opportunities for billions. This fits into our thesis and we are glad to back this team”, said Karthik Prabhakaran, Executive Director & Partner of Chiratae Ventures.
Goodmeetings shall use the proceeds over the next 12-18 months to build technology and scale up teams in US.