LeadSquared Raises $153 Million Series C

by Kay Aloha Villamor in June 22nd, 2022

LeadSquared, an India-based sales automation SaaS firm, has reached unicorn status with a US$153 million series C investment from WestBridge Capital.

The round was led by WestBridge Capital, Existing backers including Gaja Capital also participated in the new funding, which takes the startup’s all-time raise to $188 million.

With this financing, LeadSquared will double down on growth investments in India and North America.

Company: MarketXpander Services Private

Raised: $153.0M

Round: Series C

Funding Month:  June 2022

Lead Investors: WestBridge Capital

Additional Investors: Gaja Capital

Company Website: https://www.leadsquared.com/

Software Category: New-age SaaS platform 

About the Company:  Founded by Patel, Prashant Singh, and Sudhakar Gorti in 2011 LeadSquared is a new-age SaaS platform that provides end-to-end sales, marketing, and onboarding automation solutions. The company specializes in solving sales challenges for high lead-volume, high-velocity businesses that have multiple sales channels and teams. Currently, LeadSquared is helping 2000+ enterprises across 40 countries enhance their sales efficiency. Known for its verticalized, industry-centric solutions, LeadSquared serves EdTech, Education, Healthcare, BFSI, Real Estate, Automotive, and Hospitality industries. The company is headquartered in Bengaluru with a local presence in New Jersey, the Philippines, South Africa, Australia, and Indonesia.

Source: https://techcrunch.com/2022/06/21/saas-platform-leadsquared-becomes-unicorn-with-153-million-fresh-funding/

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