2018
Gurugram (India)
Series B
BiteSpeed is an AI-native marketing, support, and chatbot platform designed for e-commerce brands, with a particular focus on Shopify-powered stores. Its serves over 2,500 e-commerce brands across more than 50 countries, including key markets in India, North America, Europe, the Middle East, and Southeast Asia. The company’s mission is to empower e-commerce businesses to drive over 25% incremental revenue by unifying customer engagement across WhatsApp, Email, SMS, Instagram, and push notifications through a single, intelligent platform.
AI Omnichannel Journeys: Seamlessly engage, support, and convert customers across multiple channels with AI-driven marketing and support tools.
Intelligent Customer Segmentation: Target the right audience with personalized campaigns based on deep customer insights and behavioral data.
WhatsApp, Email & SMS Marketing: Run automated, targeted campaigns to recover abandoned carts, upsell, cross-sell, and drive repeat purchases.
Unified Inbox: Manage all customer conversations from WhatsApp, Email, Instagram, Facebook, and voice in one place, enabling faster and more personalized support.
AI Chatbots: Automate support, recommend products, and drive sales 24/7 through natural, conversational interactions.
Workflow Automations & Analytics: Streamline operations with workflow automations and gain actionable insights with advanced analytics.
Deep Shopify Integration: Tailored specifically for Shopify brands, enabling easy onboarding and powerful e-commerce automation.
BiteSpeed operates on a SaaS (Software-as-a-Service) subscription model, primarily targeting B2B e-commerce brands:
Subscription Plans: Brands pay monthly or annual fees based on usage, feature access, and the scale of their operations.
Premium Features: Advanced analytics, workflow automation, and AI-powered segmentation are available as premium add-ons.
Transaction Fees: For certain features, such as sales facilitated directly through chat, BiteSpeed may charge a small transaction fee.
Custom Development Services: Brands seeking custom integrations or unique chatbot features can contract BiteSpeed for additional development work.
Data Insights & Analytics: Access to advanced customer analytics and insights may be offered as a separate, premium service.
B2B Focus: BiteSpeed’s primary customers are D2C and e-commerce brands, especially those operating on Shopify.
Enterprise & Growth Brands: The platform is suitable for both high-growth startups and established enterprises seeking to automate and personalize their customer engagement at scale.
Market Expansion: Expanding into new regions, including North America, Europe, the Middle East, and Southeast Asia, to tap into the growing global e-commerce market.
Product Innovation: Investing in generative AI, deeper personalization, and advanced analytics to maintain a technological edge.
Strategic Partnerships: Building relationships with leading e-commerce platforms and agencies to enhance distribution and customer value.
Customer Retention: Focusing on delivering measurable ROI, seamless onboarding, and exceptional support to retain and grow its client base.
$5.68 Million
3
$3.5 Million, Series B
as of November 13, 2024
$18.5 Million
as of January 24, 2024
3.26
as of January 24, 2024
Whiteboard Capital
and 6 more56
Freshworks
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Date | Round Name | Amount | Valuation | Revenue | Revenue Multiple | Investors |
---|---|---|---|---|---|---|
November 13, 2024 | Series B | $3.5 Million | $18.5 Milllion | $1.5 Million | 9.7x | Surge, Whiteboard Capital, Astir Ventures, Upsparks Capital, Z47, Logx Venture Partners ,Angel List, Logx Ventures Partners |
January 12, 2022 | Seed | $1.9 Million | $8.4 Million | $71.6 K | 90.9x | Surge, First Cheque, Whiteboard Capital, QED Innovation Labs ,Vistra ITCL, Avage Capital, Angel List |
December 22, 2020 | Seed | $275.0 K | $1.2 Million | $10.3 K | 89.5x | Whiteboard Capital, Forward Slash, Upsparks Capital, First Cheque, First Principles, Bloom ventures, Logx Venture Partners ,Wellfound, Angel List, Logx Ventures Partners |