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Navana.ai launches Bodhi streaming speech recognition API for Indian AI

In response to the government’s focus on AI through IndiaAI Mission, Navana.ai, a homegrown startup, unveiled ‘Bodhi’, its second-generation multilingual Voice AI model, supporting over 11 languages.

Established in 2018 by Raoul Nanavati and Jai Nanavati, Navana.ai enables businesses to develop user-friendly digital interfaces for the next billion users.

The current version of Navana Automatic Voice Recognition (ASR) software follows a plug-and-play approach, making adoption and implementation simpler. The company, in a statement, highlighted its over 85% accuracy and faster reaction times, coupled with improved customization options.

“Recognising that nearly 75 per cent of the population prefers voice-based interactions, Navana.ai is dedicated to bridging communication barriers and facilitating online engagement, particularly among non-English speaking Internet users,” said Raoul Nanavati, Co-founder, Navana.ai.

The company’s primary project, the ‘Hello Ujjivan’ app, created in partnership with Ujjivan Small Finance Bank, celebrated its one-year deployment milestone.

Offered in nine languages, the app boasts 725,000 downloads, with 99% of its users being women.

Each month, the app facilitates 50,000 loan repayments and receives consent for new loan requests from 40,000 customers.

“We believe that ‘Bodhi’ is the perfect complement to Indian LLMs and will play an important role in enabling all real-time AI use cases across industries and channels,” said Raoul.

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