MagicX, an artificial intelligence powered personal assistance and chat-enabled app to manage day-to-day tasks, today said it has raised USD 1 million (about Rs 6.6 crore) from marquee investors including Infosys co-founder Kris Gopalakrishnan, Manipal Education and Medical Group MD Ranjan Pai.
The fund raised will be used for team expansion, marketing initiatives, addition of service categories and technology upgradation, MagicX said in a release.
MagicX enables users to carry out day-to-day tasks like grocery shopping, bill payments, recharge, order food, book flight tickets and other utility services via a chat enabled, artificial intelligence platform and is currently available for free download in the Android store.
Based out of Bangalore, MagicX or MagicTiger is founded by team of serial entrepreneurs – Pratyush Prasanna, Ganesh Krishnan and Srinivas Anumolu. Notably, Pratyush was founder of Plustxt and Former VP at Paytm after acquisition of plustxt in. Ganesh Krishnan is also a notable name in industry as he is one of the cofounders of Bigbasket and founder of Portea.com, Bluestone and TutorVista.
It said MagicX is already in talks with four venture capital firms to raise a USD 5 million Series A round.
MagicX has tied up with about 20 partners across e-commerce, bill payments, recharges, groceries and travel
“The backing we’ve received from some of the smartest investors and entrepreneurs in the business will help us build on our cutting-edge technology platform. We will also use some of the funds to market MagicX to the right audiences,” MagicX Co-founder and CEO Pratyush Prasanna said.