Founder · Navana.ai

Jai Nanavati

Co-founder & CTO of Navana.ai, a voice ai company based in Mumbai.

Co-founder · CTOMumbaiVoice AI
Founded
2018
Mumbai, India
Raised to date
$5M
2 rounds on record
Latest round
Series A
$4.2M · September 2026

About

Jai Nanavati is Co-founder & CTO of Navana.ai, a voice ai company based in Mumbai, founded in 2018. Navana.ai's most recent disclosed round was a funding round of $4.2M in September 2026.

Compiled from StartupFox records · updates as coverage is published

Company

Est. 2018
Navana.ai
Voice AI · Mumbai · Active

Navana.ai, operating as Navana Tech, builds voice AI for regulated Indian enterprises, principally banks and lenders. Founded in 2018 by brothers Raoul and Jai Nanavati, both Cornell Tech MBAs, it grew out of litOS, a custom Android operating system for low-literacy users they built at university. Its Bodhi speech models cover 12 Indian languages and 45 dialects and are trained to handle background noise, overlapping speech, code-switching and regional accents. The product suite spans Bodhi ASR, a low-code voicebot platform and a contact centre intelligence API, offered on-premise for institut

Funding
September 2026Series A$4.2MRonnie Screwvala (lead), Antler India, Sharad Sanghi, Sandeep Singhal, Paula Mariwala
July 2025Pre-Series A$0.8MAntler India (lead)
Company profile →2 rounds on record

Journey with Navana.ai

3 milestones
  1. 2018Founded

    Founded in Mumbai by brothers Raoul and Jai Nanavati, both Cornell Tech MBAs, building on litOS, a custom Android operating system for low-literacy users they created at university and which won $80,000 in a startup competition.

  2. Mar 2024Milestone

    Unveils Bodhi, its second-generation multilingual voice model. Flagship deployment Hello Ujjivan, built with Ujjivan Small Finance Bank, reaches 725,000 downloads in its first year with 99% of users being women and around 50,000 loan repayments a month.

  3. Jul 2025Funding

    Raises ₹7 crore led by Antler India, with the platform then powering voice experiences for more than 40 enterprise clients across banking, insurance and fintech.

Also building Navana.ai

RNRaoul NanavatiCo-founder · CEO→

Coverage

1 story
Funding · 7 Sept 2026 · 5 min read
Navana.ai Raises ₹40 Crore for Voice AI That Runs Inside the Bank, Not the Cloud