Lily AI raises $20M Series B-1 - March 2024 Ad Age Leading Women 2024 EY Entrepreneur of the Year Bay Area Finalist Inc. Female Founders 250 - 2024 Deloitte Technology Fast 500 #187 Top AI Leader in Retail - RETHINK Retail 2024 $62M total funding raised Macy's, Bloomingdale's, J.Crew, ThredUP clients Tory Burch Fellow 2019 YPO Member World Retail Congress 2026 Speaker Venture Partner at Unshackled Ventures Lily AI raises $20M Series B-1 - March 2024 Ad Age Leading Women 2024 EY Entrepreneur of the Year Bay Area Finalist Inc. Female Founders 250 - 2024 Deloitte Technology Fast 500 #187 Top AI Leader in Retail - RETHINK Retail 2024 $62M total funding raised Macy's, Bloomingdale's, J.Crew, ThredUP clients Tory Burch Fellow 2019 YPO Member World Retail Congress 2026 Speaker Venture Partner at Unshackled Ventures
Purva Gupta, Co-founder and CEO of Lily AI
Co-founder & CEO, Lily AI

Purva
Gupta

Mountain View, CA  ·  Founded 2015  ·  Retail AI

She interviewed a thousand women, navigated six visas, and built the company that taught Macy's to speak its customer's language.

$62M Total Funding
4x Customer Growth
130 Employees
9-fig Revenue Uplift
Tory Burch Fellow Inc. Female Founders 250 Ad Age Leading Women EY EOY Finalist Deloitte Fast 500
2015
Year Founded
1,000+
Women Interviewed
6
US Visas Navigated
$62M
Raised to Date
#187
Deloitte Fast 500
The Story

The Language Gap
That Built a Company

Purva Gupta arrived in the United States from India and did what millions of new arrivals do: she went shopping. What she found was not what she expected.

She was looking for a specific dress - the kind that has a name in the vocabulary of any woman who wears it. Something like "a midi sundress with a flutter sleeve for a garden party." The search bar returned results that had nothing to do with what she had in mind. The product descriptions lived in a different language than the search query. Retailers called things what they called them; shoppers called the same things something else entirely.

Gupta's first instinct was to blame herself. Perhaps this was a translation problem - an immigrant unfamiliar with American retail vocabulary. So she did something most people would not do: she went and asked 1,000 other women. All of them had the same experience. The disconnect was not cultural. It was structural.

That structural flaw became the foundation of Lily AI. Founded in 2015 alongside co-founder Sowmiya Chocka Narayanan, the company set out to build what Gupta describes as the emotional intelligence layer of retail - technology that understands not just what a retailer calls a product, but what a shopper feels about it, how they'd describe it, and how they'd search for it.

Before building her own company, Gupta had spent years at the intersection of brand and behavior. Her career began at Saatchi & Saatchi, where she worked on P&G accounts and developed what she later called a fascination with "the emotional strength of the connection people had to their preferred products." She moved from advertising to social impact, joining Eko - a Gates Foundation-funded branchless banking platform for the unbanked - and then UNICEF Ventures' Innovation Fund, where she invested in life-saving applications and technologies.

The career arc looks eclectic on paper. In practice, it produced a founder with an unusual combination: deep consumer empathy, comfort with large-scale systems, and an eye for where technology meets human need. That combination is precisely what Lily AI required.

"We founded Lily AI in 2015 to build a shopping experience that would be able to understand the emotional context of the shopper in a way that had never happened in online commerce or in retail before."

- Purva Gupta
Education

Indian School of Business

MBA, Finance

Shri Ram College of Commerce

B.A. Economics

It really all started with personal frustration when I arrived in the United States from India at how fashion retail was failing to understand the amount of detail that shoppers actually use in real life to describe the items of clothing, accessories, or shoes they're looking to buy.
- Purva Gupta, Co-founder & CEO, Lily AI
What Lily AI Does

Teaching Retailers to Speak
Human

The average online retail search converts at around 2.5%. Gupta's argument is that this is a language problem, not a product problem. Retailers and shoppers are having two completely different conversations, and no one has bothered to translate.

Lily AI sits in that gap. The platform uses computer vision, natural language processing, and generative AI to analyze a retailer's entire product catalog and enrich it with the attributes, synonyms, occasion tags, style descriptors, and consumer-language metadata that shoppers actually use. The result touches every surface where product language matters: site search, SEO, SEM, personalization, recommendations, demand forecasting, and content generation.

For one client, the platform reduced demand forecasting timelines from three months to one. For the portfolio overall, Lily AI claims nine-figure revenue improvements across its retailer base.

Macy's Bloomingdale's J.Crew thredUP Abercrombie & Fitch Tory Burch The Gap

Site Search

Consumer language mapped to catalog so search queries actually return what shoppers mean, not just what's in the description field.

SEO & SEM

Product pages enriched with the words shoppers actually type into Google - not the terminology a buyer uses in a purchase order.

Personalization

Recommendations driven by emotional context and occasion intent, not just past-purchase history.

Demand Forecasting

Consumer trend signals integrated into inventory planning, cutting forecasting timelines from months to weeks.

Content Gen

AI-generated product copy in the voice of the shopper, at scale, across entire catalogs.

Visual Tagging

Computer vision that extracts detailed product attributes from images, bridging the gap between visual and textual search.

Funding History

$62M to Translate
Retail's Language Gap

Lily AI has attracted capital from institutional venture funds including NEA, Canaan Partners, Sorenson Capital, and Conductive Ventures - anchored by a $20M Series B-1 in March 2024, closed 18 months after the initial Series B as customer adoption quadrupled.

Seed
~$2.5M 2015
Series A
~$12M 2020
Series B
~$27.5M 2022
B-1
$20M 2024

Seed and early round estimates based on total funding of $62M. Series B-1 led by Conductive Ventures with Counterpart Ventures, Cendana Capital, Transform Capital, Canaan, Sorenson Capital, and NEA.

Timeline

A Decade of
Building

Saatchi & Saatchi
Started career in advertising on P&G accounts. Learned how emotion drives consumer behavior.
Eko / UNICEF Ventures
Worked at a Gates Foundation-funded mobile payments startup and the UNICEF Innovation Fund - investing in technology with direct human impact.
2015 - Founded Lily AI
Co-founded Lily AI with Sowmiya Chocka Narayanan after validating the retail language gap with over 1,000 consumer interviews.
2019
Named a Tory Burch Fellow. Navigating 6 US visa statuses over 4 years while scaling Lily AI.
2023
Featured on Bloomberg Markets: The Close. Becomes a regular voice in The New York Times, The Economist, and Bloomberg on retail AI.
March 2024
Closes $20M Series B-1. Customer base has quadrupled in 18 months. Triple-digit YoY growth.
2024
Ad Age Leading Women. Inc. Female Founders 250. EY Entrepreneur of the Year finalist. Deloitte Fast 500 #187.
2026
Featured speaker at World Retail Congress 2026. Continues as Venture Partner at Unshackled Ventures.
We're driving eight- to nine-figure revenue uplift for retailers and brands like The Gap, Bloomingdale's, Macy's, and thredUP by dramatically improving their on-site search conversion, personalized product discovery, and demand forecasting.
- Purva Gupta
Beyond the Company

The Founder Who
Pays It Forward

Most startup founders talk about mentorship. Gupta built a structure around it. As a venture partner at Unshackled Ventures - a firm that specifically backs immigrant entrepreneurs - she dedicates monthly time to founders navigating not just the commercial challenges of early-stage companies, but the ones that don't appear in any pitch deck: visa timelines, cultural adjustment, and the particular loneliness of building a company in a country that isn't yet your own.

She knows the terrain. Gupta has spoken openly about navigating six different US visa statuses over four years while simultaneously running Lily AI. The paperwork is a backdrop most immigrant founders learn not to mention in investor pitches. Gupta mentions it. It's part of the product of her authenticity.

She is also a member of YPO, the global leadership community of chief executives - a forum that gives her access to peer relationships with other founders and operators at scale.

Her public contributions extend to the press. She is a sought-after contributor and subject in major business publications including The New York Times, The Economist, and Bloomberg - bringing the retail AI conversation into venues where it rarely lands with this degree of technical specificity and founder voice combined.

Venture Partner
Unshackled

Monthly mentoring sessions for immigrant founders on commercial models, business strategy, visa challenges, and cultural navigation in the US market.

Community
YPO

Member of the global Young Presidents' Organization - a peer leadership community of chief executives across industries.

Media Presence
NYT · Bloomberg

Regular contributor and subject in The New York Times, The Economist, and Bloomberg on retail AI, consumer technology, and immigrant entrepreneurship.

Recognition

The Accolades

Ad Age Leading Women

2024 Honoree

EY Entrepreneur of the Year

2024 Bay Area Finalist

Inc. Female Founders 250

2024

Top AI Leader in Retail

RETHINK Retail AiR, 2024

Deloitte Technology Fast 500

#187 in North America, 2024

Tory Burch Fellow

2019

VIP Challenge Award

2024

World Retail Congress

Featured Speaker, 2026

In Her Words

What Purva Says

It really all started with personal frustration when I arrived in the United States from India at how fashion retail was failing to understand the amount of detail that shoppers actually use in real life to describe the items of clothing, accessories, or shoes they're looking to buy.

There is tremendous momentum in the market and we are seeing increased demand from retailers looking to leverage proven AI to enhance customer experiences and improve business efficiency.

This list is a true testament to the power female entrepreneurs have to change the world for the better.

Details Worth Knowing

Six Visas, One Thousand
Women, Zero Shortcuts

The Research
1,000

Women interviewed before Lily AI wrote its first line of code. Gupta didn't guess at the market. She asked it.

The Grind
6

Different US visa statuses navigated over four years while simultaneously scaling a venture-backed startup. A credential that never appears on pitch decks.

The Origin
Rajasthan

Born into a business family in Rajasthan, India. The daughter of entrepreneurs building a company to help other founders.

The Method
P&G

First career stop at Saatchi & Saatchi, working P&G accounts. Where she learned that consumer emotion is not a soft signal - it's the signal.

The Proof
4x

Customer growth in the 18 months following the initial Series B. The kind of number that makes a Series B-1 possible.

The Gap
2.5%

Average online retail search conversion rate. Gupta's entire company exists to move this number. One enriched product attribute at a time.

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