Conversational AI assistant Haptik raised Rs 50 Cr from parent Reliance, gets its first tranche

Haptik raised Rs 50 Cr from its parent Reliance Industries, the first tranche of the deal came in on June 17, with Reliance securing 15 Lakh equity shares with a face value of Rs 10 & premium of Rs 70, worth INR 12 Cr.

Haptik lets customers chat with voice assistants to complete daily tasks such as online shopping, travel bookings, food delivery among others, claims to have reached over 100 Mn devices & processed more than 2 Bn conversations to date, with clients like OYO, KFC, Coca-Cola, Tata Group & Club Mahindra among others.

With the deal, Reliance Jio is looking to leverage Haptik’s capabilities across various devices and touchpoints in the consumer’s journey.

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