BiteSpeed

BiteSpeed

Online platform offering Whatapp marketing for Shopify businesses

Founded

2018

Headquarters

Gurugram (India)

Status

Series B

Company Details

Website

Socials

Email

Phone

+91 - 8588048086

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.

Core Products & Services

  • 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.

Business Model & Revenue Streams

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.

Customer Segmentation

  • 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.

Growth Strategy

  • 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.

Key People

Vinayak Aggarwal

Abhinav Tuli

Key Metrics

Total Equity Funding

$5.68 Million

No. of Funding Rounds

3

Latest Funding Round

$3.5 Million, Series B

as of November 13, 2024

Post Money Valuation

$18.5 Million

as of January 24, 2024

Funding Multiple

3.26

as of January 24, 2024

Investors

Whiteboard Capital

and 6 more

Employee Count

56

Similar Companies

Freshworks

Exit Details

-

All Funding Rounds

DateRound NameAmountValuationRevenueRevenue Multiple
Investors
November 13, 2024Series B$3.5 Million$18.5 Milllion$1.5 Million9.7xSurge, 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 K90.9xSurge, First Cheque, Whiteboard Capital, QED Innovation Labs ,Vistra ITCL, Avage Capital, Angel List
December 22, 2020Seed$275.0 K$1.2 Million$10.3 K89.5xWhiteboard Capital, Forward Slash, Upsparks Capital, First Cheque, First Principles, Bloom ventures, Logx Venture Partners ,Wellfound, Angel List, Logx Ventures Partners

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