PR Newswire
24 Jun 2022, 11:47 GMT+10
ATLANTA, June 24, 2022 /PRNewswire/ -- Sales automation platform, LeadSquaredrecently announced that it has secured an investment of USD $153mn in the Series C funding round from WestBridge Capital.
Founded by Nilesh Patel, Prashant Singh, and Sudhakar Gorti in 2011, LeadSquared's vision is to make high-velocity sales execution software a growth engine for companies around the globe.
LeadSquared has built a global, best-in-class sales platform that takes away the guesswork from sales execution and makes efficiency the focus of every customer interaction, no matter how complex the customer journey. It now serves more than 2,000 customers globally.
"We are grateful for the support of our investors as we strive to build LeadSquared into a globally significant business. With this financing, we will double down on growth investments in India and North America, start building in APAC and EMEA, add new offerings to our product portfolio, and fund acquisitions. To support our growth, we plan to double our headcount in the next 18 months," shared Nilesh Patel, Founder & CEO, LeadSquared.
Remarking on the investment, Sumir Chadha, Co-founder and Managing Director at WestBridge Capital, said, "LeadSquared has shown a remarkable ability to scale and grow efficiently. Its core SaaS metrics are unique and best-in-class in the industry. Its focus on building an easy-to-use platform that transforms sales processes through automation delivering unparalleled efficiency, has significant potential for growth in the global market. Future of LeadSquared is very exciting to us and we look forward to a long partnership with the company."
Gaja Capital's Managing Partner, Gopal Jain opined, "LeadSquared is fast emerging as a category leader in high-velocity sales execution software. Nilesh and the team have built a strong platform with robust unit economics. With this round, the company has the balance sheet strength to further invest for growth in India as well as international markets, especially the US. We look forward to LeadSquared being the engine of growth for ambitious companies in India and around the world."
LeadSquared is the growth partner for organizations in higher education, edtech, professional education, healthcare, financial services. LeadSquared is headquartered in Bengaluru, India alongside its presence in the United States, APAC and EMEA.
The company's existing investors include Gaja Capital, IFC, and Stakeboat Capital.
Barclays acted as the exclusive placement agent for the Series C funding.
Media Contact: Arushi Dhar; [email protected]
Email ID Sales: Shubhankit Mishra [email protected]
SOURCE LeadSquared
Get a daily dose of Philippine Times news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Philippine Times.
More InformationNEW YORK, New York - The head of the International Atomic Energy Agency (IAEA) says it is deeply concerning that Israel is carrying...
TEL AVIV, Israel - Israel has suffered casualties as Iran fights back from the Jewish state's unprecedented unilateral attacks which...
WEST JERUSALEM, Israel - The Israel Air Force has launched a pre-emptive Pearl Harbour style air raid over Iran, dropping bombs over...
NEW DELHI, India - The world is in shock following Thursday's devastating plane crash in India which has killed at least 290 people,...
WASHINGTON, D.C.: The United States has placed sanctions on two sons of jailed Mexican drug lord Joaquin El Chapo Guzman. These two...
LONDON, UK: Frederick Forsyth, the renowned British author behind The Day of the Jackal and numerous other bestselling thrillers, has...
LONDON, UK: Crude prices surged this week as investors welcomed fresh signs of progress in U.S.-China relations, lifting hopes of reduced...
NEW YORK CITY, New York: Investor confidence in U.S. markets is showing signs of strain as global funds redirect billions toward Europe...
TOKYO, Japan: Japan has a new top sumo wrestler — and he's Japanese. Onosato, who weighs 191 kilograms (421 pounds), has become a yokozuna,...
LAS VEGAS, Nevada: Khaby Lame, the most followed person on TikTok with millions of fans, has left the United States after being held...
NEW YORK, New York - U.S. stocks tumbled Friday as the world was thrown into turmoil by unprecedented attacks by Israel on Iran. ...
NEW YORK CITY, New York: Paramount Global is cutting 3.5 percent of its U.S. staff as part of another round of layoffs. The company...