AI-powered startup Worxogo secures ₹16.5 crores from Inventus, Ideaspring

Must Read

President Ram Nath Kovind appoints new governor for Kerala, Telangana, Himachal Pradesh and Maharashtra

President Ram Nath Kovind appointed new governors for Maharashtra, Kerala, Telangana, Rajasthan, and Himachal Pradesh on Sunday. Former Union Minister Kalraj...

NRC list for Assam released; Fear looms as 19 lakh people face exclusion

NRC (National Register of Citizens) for Assam has been published at 10 am today. The final list excludes over...

Lateral Entry Era Begins as Union govt. appoints 9 professionals to Joint Secretary posts

The government has appointed its first batch of private professionals to the post of Joint Secretary in various ministries....

Bengaluru-based AI-powered employee performance enabler startup Worxogo has raised ₹16.5 crores in its first funding round from venture capital firm Inventus Capital Partners and early-stage venture fund Ideaspring Capital.

The funds raised will be used to venture into the US market, where the startup has applied for a patent for its AI engine, named Mia.

Worxogo was founded in 2015 by six co-founders, Ramesh Srinivas, Ravi Bhamidipati, Sudha Bhamidipati, Suneel Aiyer, Anant Sood, and Sivaramakrishnan, who has worked with leading consulting firms like PwC, KPMG, IBM, and EY.

The startup leverages its AI engine, based on behavioural science and neuroeconomics, to enhance employee performance.

Worxogo’s self-learning AI engine named Mia acts a personal digital coach for employees, by using deep learning to access the employees’ personal traits, to help improve employees’ performance at their own pace.

The improvement in employees’ performance, drives the growth of the organisation, boosting revenues and innovation.

Worxogo operates on a (Software as a Service) SaaS-based model, by charging a “one-time deployment” cost from its clients, along with “per subscriber per month” charge. The startup offers various products for different clients like xogolign, for sales team, gIM, to drive innovation, and xogonet, to improve supply chain performance.

The startup claims to have around 35 enterprise customers across domains like financial service, retail, and manufacturing, with a global presence. Some of its prominent customers are Axis Bank, Wipro, Reliance Capital, TVS Credit, Piramal Group, Tanishq, Future Group, and Tata Motors, among others.

According to Worxogo, globally more than 80% organisations, face the problem of poor employee engagement and productivity, negatively impacting organisations’ business. In the US economy alone, disengaged employees cost more than $350 billion every year to organisations.

Other startups leveraging technology to improve talent acquisition and performance include Belong, Darwinbox, EdGE Networks, and Monjin, among many others.


Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

R&D centre for clean coal unveiled in Bengaluru

Bengaluru, Sep 16 (IANS) Union Minister of Science and Technology Harsh Vardhan on Monday opened the national centre for...

RBI expands BBPS coverage to all categories

Mumbai, Sep 16 (IANS) The Reserve Bank of India on Monday expanded the Bharat Bill Payment System coverage to included all categories of billers,...

Wanted criminal held in Narela murder case

New Delhi, Sep 16 (IANS) With the arrest of 25-year-old history-sheeter, the Delhi Police claimed to have solved the Virender Maan murder case, who...

GM, TCS launch partnership for global vehicle engineering

New Delhi, Sep 16 (IANS) Automobile manufacturer General Motors and IT major Tata Consultancy Services on Monday entered into a partnership for future global...

Italy resuming a central role in Europe: EU Commissioner

Rome, Sep 16 (IANS/AKI) With its new left-leaning government, Italy, a founder member of the European Union, and the eurozone's third largest economy, is...
- Advertisement -

More Articles Like This