PE Fund Investments
Sales automation s'ware maker Leadsquared raises $153-M led by WestBridge; turns unicorn
Bengaluru-based sales and marketing automation software maker Leadsquared has raised USD 153 million in a funding round led by WestBridge Capital. The funding values the company at USD 1 Billion, making it the latest Indian company to join the unicorn club. Leadsquared's software-as-a-service (SaaS) platform helps businesses with lead management and analytics. It claims to have clocked revenues of INR 200 crore as of March 2022. The platform has set up a team in the Asia Pacific region (APAC). It also has a small presence in Africa. Leadsquared raised a round from International Finance Corporation (IFC) in October 2021 to fuel its expansion globally. Earlier, it had raised USD 32 million in a round led by Gaja Capital in December 2020, which also saw participation from existing investors Stakeboat Capital and US-based serial entrepreneur, Jyoti Bansal. (It is learnt that the company's latest valuation is ~6x the valuation in Dec-2020.)
From the Venture Intelligence PE-VC Deal Database: In May-2019, Stakeboat Capital had led a USD 2.2 million investment in Leadsquared. (Subscribers to the database can login to view the valuation, deal structuring and other transaction details for the May-19 and Dec-20 investments.)
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