Home / Top News / LeadSquared Raises $32 Million in Series B as it Builds on 100% YoY Growth, Reimagines High-Velocity Sales Execution
LeadSquared Raises $32 Million in Series B as it Builds on 100% YoY Growth, Reimagines High-Velocity Sales Execution
Gaja Capital Leads the Round, Existing Investor Jyoti Bansal to Also Participates
SAN FRANCISCO, Dec. 16, 2020 (GLOBE NEWSWIRE) Sales automation SaaS platform, LeadSquared, which has achieved 100% revenue growth every year since its founding in 2011, announced today $32 million in Series B funding led by Gaja Capital, also including Stakeboat Capital and Jyoti Bansal, well-known investor and former CEO and chairman of AppDynamics.
LeadSquared has built a global, best-in-class CRM platform that takes away the guesswork from sales execution and makes efficiency the focus of every interaction, no matter how complex the customer journey and now serves more than 1,000 customers. It plans to utilize the funds for continued expansion and
India: SaaS startup LeadSquared raises $32m led by Gaja Capital
Photo: Pixabay Premium
Software as a service (SaaS) platform LeadSquared has raised $32 million in a Series-B funding round led by Gaja Capital. Existing investors, Stakeboat Capital and Jyoti Bansal also participated in the round, the largest for the company, demonstrating its strong growth trajectory.
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LeadSquared is one of the few Indian SaaS firms focusing on the local market to have been able to scale its top line and claims it is currently managing to double its revenues year-on-year. Overseas markets such as the US, Southeast Asia, Africa and Latin America are expected to sustain similar revenue growth in the coming years, it said.
“We’re definitely getting into new markets. We already have a presence in the US, but we also want to strengthen our position in India, to be a significant player with a double-digit market share,” said Nilesh Patel, CEO, LeadSquared. “We’re also building a channel business, and will also selectively look at acquiring companies.”
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Sales automation SaaS platform, LeadSquared has raised $32 million in Series-B funding led by Gaja Capital, the firm said in a statement.
Its existing investors Stakeboat Capital and Jyoti Bansal also participated in this round.
The firm plans to utilise the funds for global expansions and continued product innovation in industries beyond education, financial services, and healthcare. Talent acquisition to match the level of growth will also be a key focus in the coming years, it said.
Nilesh Patel, CEO, LeadSquared, said, “The funding comes at the right time, and we feel fortunate that our vision to transform sales tech is shared by our investors. We want to take our solutions to newer markets and fuel our global plans into action now.”
December 14, 2020
A waiter carries a beer mug at a pub in Mumbai
Reuters
Top executives of Carlsberg, SABMiller and India’s United Breweries (UB) exchanged commercially sensitive information and colluded to fix beer prices in India over 11 years, according to a government antitrust investigation report seen by Reuters.
The Competition Commission of India (CCI) in 2018 raided the offices of the three brewers and started an inquiry. The investigation’s findings – which are not a final judgment of wrongdoing – cast a shadow on the brewers, which account for 88 per cent of India’s US$7 billion (S$9 billion) beer market.
Senior CCI members will consider the report, drafted in March, as they decide on fines, which could exceed US$250 million, two sources familiar with the case said. The CCI members could agree with or dispute the findings of its investigation team.