MagicX, an on-demand chat-based services firm, has raised $1 million from marquee investors including Kris Gopalakrishnan, co-founder of Infosys and chairman of Axilor Ventures, Ranjan Pai, MD of Manipal Group, Ramaraj, cofounder of Sify, among others.

The funds raised will be used for team expansion, marketing initiatives, addition of more service categories and technology upgradation, the company said.

It said MagicX is already in talks with four venture capital firms to raise a USD 5 million Series A round.

Founded by Pratyush Prasanna, and Arun Kumar in May 2015, MagicX is a chat enabled AI platform, which aims to personally assist users with everyday tasks.

About MagicX :

A chat enabled Artificial Intelligence platform which strives to personally assist you with your daily tasks.One app to handle many tasks, including recharging your phone, paying phone and utility bills, making travel plans, booking events, ordering groceries, and many more…

It’s smarter, faster and easier than ANY other app. The AI makes sure of it.There is a bit of magic in all this:

1) The smile that it brings on our lips when we see us faster than ANY other platform is magical in itself.

2) The joy of building modules which are self sufficient in addressing customer queries is magical.

3) The fun of designing — and going where no other has successfully gone before — that’s magical too.

Website : http://magicx.co/

Source :

http://www.business-standard.com/article/companies/magicx-raises-1-mn-from-kris-gopalakrishnan-ranjan-pai-and-others-116041200486_1.html

http://tech.economictimes.indiatimes.com/news/startups/magicx-funding-kris-gopalakrishnan-ranjan-pai/51795402