LeadSquared secures $153mn from WestBridge Capital; Turns Unicorn

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LeadSquared has built a global, best-in-class sales platform that takes the guesswork out of sales execution and puts efficiency at the core of every customer interaction, no matter the complexity of the customer journey. It now serves more than 2,000 customers worldwide.

“We are grateful for the support of our investors in our quest to build LeadSquared into a major global company. With this funding, we will double our growth investments in India and North America, begin 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 over the next 18 months,” said Nilesh Patel, Founder and CEO of LeadSquared.

Commenting on the investment, Sumir Chadha, Co-Founder and Managing Director of WestBridge Capital said, “LeadSquared has demonstrated a remarkable ability to scale and grow efficiently. Its key SaaS metrics are unique and best in class. His focus on building an easy-to-use platform that transforms sales processes through automation and offers unparalleled efficiencies has significant growth potential in the global market. The future of LeadSquared is very exciting for us and we look forward to a long partnership with the company. “

Gaja Capital’s Managing Partner, Gopal Jain, commented, “LeadSquared is fast becoming a leader in its high-speed sales execution software category. Nilesh and the team have built a strong platform with a robust unit economy. With this round, the company has the balance sheet strength to continue investing in growth in India as well as in international markets, particularly the US. We look forward to LeadSquared becoming the engine of growth for ambitious companies in India and around the world.”

LeadSquared is the growth partner for organizations in higher education, edtech, vocational training, healthcare and financial services. LeadSquared is headquartered in Bengaluru, India and has offices in the United States, APAC and EMEA.

The company’s existing investors include Gaja Capital, IFC and Stakeboat Capital.

Barclays acted as exclusive placement agent for Series C funding.

Media contact: Arushi Dhar; [email protected]

Email ID Sales: Shubhankit Mishra [email protected]

Photo: https://mma.prnewswire.com/media/1846809/LeadSquared_Founders.jpg

SOURCE LeadSquared

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