Wednesday, June 22, 2022

India's new unicorn LeadSquared raises $153 mn from WestBridge Capital

 LeadSquared previously raised $32 million led by Gaja Capital in 2020, and $3 million during its Series A led by Stakeboat Capital in 2019


  • Leadsquared is a Sales automation software-as-a-service (SaaS) platform it has raised $153 million in a Series C funding round from WestBridge Capital to become a new unicorn (valuation of $1 billion and above) in the country
  • India is now home to more than 100 unicorns.
  • Leadsquared was founded by Nilesh Patel, Prashant Singh and Sudhakar Gorti in 2011.
  • With this financing, they are planning in expansion in India, North America, APAC and EMEA and new products are planned to be introduced to their portfolio.
  • LeadSquared has more than 2,000 customers, including high-growth organisations from edtech, higher education, financial services, healthcare, marketplaces, and others
  •  Sumir Chadha, Co-founder and Managing Director at WestBridge Capital.also in support with leadsquared, automates, easy-to-use platforms for sales processes, thats the main focus.
  • Some of the product releases in the past year from LeadSquared include sales performance analytics and a suite of tools to digitise application processing.

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