Yellow Messenger gets a bagful of cash from Lightspeed in Series B round

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Yellow Messenger, a conversational artificial intelligence platform, has raised $20 million (about Rs 154 crore) in a Series B funding round led by Lightspeed Venture Partners and its India arm.

The startup said in a statement it will use the fresh capital to grow its business across the US, Europe, Latin America, and Asia-Pacific markets.

The company will also invest in its product innovation roadmap, including deepening multi-lingual voice bot capabilities, expanding enterprise integrations, and launching a developer marketplace for virtual assistants.

The startup had last year mobilised $4 million (Rs 27.7 crore then) in its Series A funding round from Lightspeed and a bunch of angel investors.

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