Conversational AI startup GenieTalk on Friday said it had received its first round of angel investment of $750,000 from Shankeshwar Technologies LLP at a valuation of $10 million.

The Indore-based startup will use the funding for developing its SaaS-based platform that helps businesses build tailored and personalised AI-powered virtual assistants, more often referred to as chatbots and voice bots.

“Our delivery model is a SaaS platform through which the customer can use the chatbot by embedding a small script into their services.