
Navana Tech
Building text-independent, image-based and voice assisted technology for low literate users around the world.
Date | Investors | Amount | Round |
---|---|---|---|
- | investor | €0.0 | round |
investor | €0.0 | round | |
* | $800k | Seed | |
Total Funding | 000k |
USD | 2021 | 2022 | 2023 |
---|---|---|---|
Revenues | 0000 | 0000 | 0000 |
% growth | - | 35 % | 17 % |
EBITDA | 0000 | 0000 | 0000 |
Profit | 0000 | 0000 | 0000 |
EV | 0000 | 0000 | 0000 |
EV / revenue | 00.0x | 00.0x | 00.0x |
EV / EBITDA | 00.0x | 00.0x | 00.0x |
R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Navana Tech, registered as Navana Tech India Private Limited, is a business-to-business (B2B) firm specializing in conversational AI for Indian languages. Founded in 2018 by brothers Raoul and Jai Nanavati, the company is headquartered in Mumbai and also operates from Bengaluru. The founding mission was to make digital services accessible to the "next billion users" in India, particularly those facing literacy and language barriers. This initiative stemmed from the founders' observation that many users in Tier 2 and 3 cities struggled with complex, text-heavy digital interfaces.
The founders, Raoul and Jai Nanavati, both hold MBAs from Cornell Tech. It was at Cornell that they developed the precursor to Navana, a custom Android operating system called litOS, designed for low-literacy users, which won them $80,000 in a university startup competition. Raoul, the CEO, previously founded a mobile gaming studio, BYOF Studios, and holds a degree in Political Science and Economics from McGill University. Jai, the CTO, has a background as an enterprise software engineer and earned his bachelor's in engineering from the University of Michigan.
Navana Tech provides a suite of AI-powered voice technology products for enterprises, primarily in the financial services, e-commerce, and telecom sectors. The core offerings include the 'Bodhi' Voicebot Platform, a low-code system for creating intelligent voice agents; high-performance speech recognition (ASR) APIs for over 12 Indian languages and 40+ dialects; and a Contact Center Intelligence API for analyzing call data. These proprietary models are engineered to function effectively in real-world Indian conditions, accounting for background noise, multiple languages in a single conversation (code-switching), and various accents. The company's business model is SaaS-based, and it also generates revenue through licensing. Clients include major enterprises like Bajaj Finserv and Ujjivan Small Finance Bank. For example, Ujjivan's "Hello Ujjivan" voice-led banking app, powered by Navana, has achieved over 725,000 downloads, with users repaying 50,000 loans monthly through the app.
The company has secured total funding of approximately $1.5 million over several rounds, including grants and a pre-Series A round of about $800,000 in mid-2025. Key investors include Antler India, Angel List, Village Capital, and GSMA.
Keywords: conversational AI, voice recognition, Indian languages, speech recognition API, financial technology, B2B SaaS, digital inclusion, contact center automation, voicebot, AI models