Reelo Raises $1 Million from Gokul Rajaram for AI Marketing
SaaS startup Reelo secures $1 million from angel investor Gokul Rajaram to expand its AI-powered marketing solutions for SMBs in the restaurant and retail sectors.
New Delhi, Apr 29 (PTI) SaaS startup Reelo on Monday said it has raised USD 1 million (Rs 8.35 crore) from angel investor Gokul Rajaram.
The funds will be utilised to speed up hiring and incorporate advanced data analytics and AI-driven technology.
The company in a statement said it will use the capital to accelerate its mission to bring enterprise-level data analytics and AI marketing technology to underserved small & mid-market restaurant and retail businesses.
It will also "use the fresh capital to accelerate hiring across all departments, augment AI & ML capabilities to build a personal data-driven assistant that automates marketing for them and expand its presence in existing and new global markets".
The funds will be utilised to speed up hiring and incorporate advanced data analytics and AI-driven technology.
The company in a statement said it will use the capital to accelerate its mission to bring enterprise-level data analytics and AI marketing technology to underserved small & mid-market restaurant and retail businesses.
It will also "use the fresh capital to accelerate hiring across all departments, augment AI & ML capabilities to build a personal data-driven assistant that automates marketing for them and expand its presence in existing and new global markets".
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