Mumbai, July 17 -- Uniphore Technologies, the conversational automation startup backed by Chiratae Ventures and Iron Pillar, is in talks to raise $200-250 million in fresh capital, according to two people familiar with the matter.

"The company has had discussions with several investors, including US-based strategic players, to fund its expansion plans and increase investments in artificial intelligence (AI)," one of the people said.

The second person added that discussions on valuation are still underway, but the company is expected to see an uptick from the $2.5 billion valuation it secured in 2022.

"While we are seeing tremendous interest in our Business AI Cloud and are always engaging with potential strategic partners, we don't hav...