Lead Angels | Devnagri

Pls Note : Commitment Amount will be in multiples of ₹100.00 below

Devnagri is an AI powered localisation platform, localising the content in Indian languages using translation API’s. Some of the use cases Devnagri is solving include: Real-time localisation (using APIs), document localisation, website / apps localisation, KYCs, product catalogues, Scanned documents, marketing collaterals etc.

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Description

Problem
 
Devnagri is an AI powered localisation platform, localising the content in Indian languages using the translation API’s. Some of the use cases Devnagri is solving include: Real-time localisation (using APIs), document localisation, website / apps localisation, KYCs, product catalogues, Scanned documents, marketing collaterals etc.
 
Solution

Devnagri offers a solution to the aforementioned challenges through its patented real-time machine translation engine. Leveraging this engine as its foundation, Devnagri has created a suite of applications that are directly used by businesses. These applications encompass:

 

  • Real-time Translation & Transliteration APIs: These APIs enable instant translation and transliteration, catering to businesses’ dynamic needs.
  • Document Engine: This tool facilitates real-time translation of documents and provides a dashboard for brand communication tone management.
  • DOTA (Devnagri on the Air): DOTA specializes in translating websites and mobile apps in real time, with an accompanying dashboard for content management.
Market Opportunity
 

Current Indian Language Market stands at USD 53 Bn, with a SAM of USD 4 Bn and a SOM of USD 1 Bn

 
Following are a few highlights of Devnagri:
  1. They have a customer base of 30 customers with a QRR of INR 2 Cr, hoping to close FY 24 at a revenue of INR 12 Cr
  2. With the competitive advantage of contextual translation, they already have a contextual accuracy of ~85%
  3. Their current key customers include MyGov, DRDO, FSSAI, ICICI, Kotak, TCS, Zomato, Flipkart and more
About the Founders

Himanshu Sharma (Co-Founder, Technology & Operations):

 

MBA (Marketing); 12+ years of entrepreneurial experience in Technology

 

Nakul Kundra (Co-Founder, Sales & Product):

 

MBA (Marketing); 12+ years of entrepreneurial experience in Technology

 

They are a 45-member team consisting of experts handling product development, sales, customer success and marketing

Details of the round

Raising INR 1 Cr at a post-money valuation of INR 68 Cr

The investment in Devnagri is open through our SEBI-registered AIF Category 1 VCF Angel Fund, Lead Angels Fund. In case commitments exceed the allocated amount, allotment will be on a “First Come, First Serve” basis.


Investment Documents

  1. Devnagri Pitch Deck – Link
  2. Devnagri Executive Summary – Link
  3. Devnagri Pitch Video – Link
  4. Devnagri Business Review Report – Link
  5. Devnagri All Documents – Link
  6. Devnagri Investor Call – Pitch – Link
  7. Devnagri Investor Call – Q&A – Link
  8. Devnagri Investor Call – Mr Ashutosh & Prof. Dhruv Naths remarks – Link

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