Boxx.ai is a Bengaluru based artificial intelligence startup that helps e-commerce companies increase their conversion rates by displaying the most personalised products for each user.
Basic Information
Founded by Ajay Kashyap, Prakhar Raj and Shitiz Bansal, Boxx.ai predicts what each visitor is likely to buy next using its proprietary algorithms. This helps consumer internet companies curate a line of products and extend a highly personalised experience (most likely to click, explore buy etc.) to each of its customers. The company claims that their product ensures an 8-13% increase in conversions, 6-9% increase in add-to-carts, and 30-60% increase in CTRs. In November, 2019 the company was bought by Netcore Solutions, a pioneer in SaaS-based Multi-Channel Marketing Automation, in a part-cash, part-stock deal.
Legal Name
:
AIBoxx Solutions Pvt. Ltd.
Headquarters
:
Bengaluru, Karnataka, India
Founding Date
:
2016
No. of Employees
:
11 to 20
Core Team
:
1.
Ajay Kashyap
Co-Founder & CEO
2.
Prakhar Raj
Co-Founder
3.
Shitiz Bansal
Founder & MD
Funding
Total Funding
$500.0k
Investors
:
1.
Unicorn India Ventures
Software
Analytics & BI
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Analytics & BI
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