Country for PR: United Kingdom
Contributor: PR Newswire Europe
Friday, June 24 2022 - 16:44
AsiaNet
LeadSquared secures $153mn from WestBridge Capital; Turns Unicorn
ATLANTA, June 24, 2022 /PRNewswire-AsiaNet/ --

   Sales automation platform, LeadSquared [https://www.leadsquared.com/] 
recently announced that it has secured an investment of USD $153mn 
in the Series C funding round from WestBridge Capital 
[https://westbridgecap.com/]. 

   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 
[https://www.leadsquared.com/] 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; pr@leadsquared.com

   Email ID Sales: Shubhankit Mishra sales@leadsquared.com

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

   Source: LeadSquared