Aiming to build LeadSquared into a globally significant business: CEO Nilesh Patel
IndiGlobal Media Network
LeadSquared, a Software-as-a-Service (SaaS) platform, is the latest Indian Startup to become a Unicorn. It is the 18th unicorn in 2022 and India’s 103rd unicorn overall to join this exclusive club. India has around 15 SaaS unicorns. Leadsquared said on Tuesday it has raised $153 million in a funding round led by WestBridge Capital thus putting its valuation at $1 billion.
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 all over the world.
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 customer interaction, no matter how complex the customer journey.
“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 (Asia-Pacific) and EMEA (Europe, Middle East and Africa) regions, 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,” stated Nilesh Patel, CEO and Founder, LeadSquared.
Sumir Chadha, Co-founder and Managing Director at WestBridge Capital said, “LeadSquared has shown a remarkable ability to scale and grow efficiently. 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. We look forward to LeadSquared being the engine of growth for ambitious companies in India and around the world.”
LeadSquared has more than 2,000 customers, including high-growth organizations from edtech, higher education, financial services, healthcare, marketplaces, and more. It’s USP is its end-to-end efficiency platform for all the teams involved in the customer journey – including marketing, call center, inside sales, field sales, and other feet-on-street teams, that include verifications, collections, vendor onboarding, and more.
LeadSquared had previously raised USD $32mn led by Gaja Capital in 2020, and USD $3mn during its Series A led by Stakeboat Capital in 2019.
LeadSquared has been helping 2000+ organizations globally to drive sales efficiency at scale. Businesses that have achieved growth with LeadSquared include higher education institutes, edtech, financial services, healthcare, and marketplaces, among others. The company is headquartered in Bengaluru, India with a local presence in the United States, the Philippines, South Africa, Australia, and Indonesia.
