Friday
August 12
2022

SaaS Firm SquadStack Raises $17.5 Million led by Bertelsmann India Investments

By Bhavya Dilipkumar

The startup aims to utilise the funding to hire top talent and strengthen its workforce for expansion. It also plans to increase its sales experts base and further expand into new verticals.

Software-as-a-Service (SaaS) startup SquadStack has raised Rs 140 crore (around $17.5 million) in a Series B funding round led by Bertelsmann India Investments, with participation from existing investors Chiratae Ventures and Blume Ventures.

The startup aims to utilise the funding to hire top talent and strengthen its workforce for expansion, it said in a prepared statement on August 9. It also plans to increase its sales experts base and further expand into new verticals.

Founded in 2017 by Apurv Agrawal, Vikas Gulati and Kanika Jain, SquadStack is a SaaS-enabled talent marketplace for sales. The startup combines data science, artificial intelligence (AI), and a decentralised network of sales experts to help consumer businesses scale with better conversions. It offers its services across sectors such as real estate, financial services, education, healthcare and retail.

Source: Money Control (link opens in a new window)

Categories
Investing
Tags
artificial intelligence, business development, data, education, financial services, healthcare, investing