SquadStack, Startup That Helps Firms Boost Sales, Raises $5 Million
SquadStack will use the funds raised for product growth and to scale its engineering and data science team in the U.S. and India.
SquadStack, a sales acceleration startup, has raised $5 million in a growth funding round led by venture fund Chiratae Ventures.
Existing investor and early-stage venture capital fund Blume Ventures also participated in the round, the company said in a statement on Tuesday. The six-year-old startup will use the funds for product growth and to scale its engineering and data science team in the U.S. and India.
Founded by Apurv Agarwal, Kanika Jain and Vikas Gulati, the firm uses data science to help companies sell high-ticket products and services across industries. It works across sectors such as real estate, financial services, education, healthcare, and retail to improve sales conversions and efficiency.
“In today’s competitive business environment, organisations need a sales acceleration platform and analytics throughout the sales cycle," Venkatesh Peddi, executive director at Chiratae Ventures, said in the statement. "SquadStack is helping consumer companies across industries solve the principle challenge to turn prospects into customers faster and more profitably."
SquadStack clients include Zomato, Walmart Group, Times Group, Delhivery, Nestaway, ZestMoney and the Tata Group.