SquadStack has successfully raised $7.1 million over three funding rounds, establishing itself as a key player in the SaaS-Enabled Talent Marketplace for Tele-Sales. The platform leverages decentralization, AI-powered tools, and an omnichannel campaign management system to empower sales experts and enhance business conversions.
Keep reading to delve into the details of SquadStack's fundraising journey and the investors who are backing this innovative platform.
What Is SquadStack?
SquadStack, founded by Vikas Gulati, Kanika Jain, and Apurv Agrawal, is a SaaS-Enabled Talent Marketplace for Sales. Established in Noida, the company leverages AI and human expertise to enhance sales processes for businesses.
With a team of 201-500 employees, SquadStack focuses on decentralization, AI-powered tools, and omnichannel campaign management to provide top-notch telecalling outsourcing solutions. Their platform aims to empower sales experts and improve business conversions.
Operating from multiple locations including Gurgaon, Bengaluru, and Mumbai, SquadStack continues to expand its reach, offering innovative solutions tailored for various industries such as banking, insurance, and e-commerce.
How Much Funding Has SquadStack Raised?
- Seed Round
- Amount Raised: Undisclosed
- Date: February 2015
- Lead Investors: Amit Ranjan, Deepinder Goyal, Zishaan Hayath, Girish Khera
- Motivation Behind the Round: To kickstart the company’s operations and initial market entry.
- Series A Round
- Amount Raised: $2,100,000
- Date: April 2017
- Lead Investors: Blume Ventures
- Motivation Behind the Round: To enhance SaaS capabilities and support enterprise software development.
- Series A Round
- Amount Raised: $5,000,000
- Date: September 2020
- Lead Investors: Chiratae Ventures
- Motivation Behind the Round: To accelerate sales and expand market presence.
Total Amount Raised: $7.1M
Current Valuation: (~estimated)
Key Investors
- Chiratae Ventures
- Details: Chiratae Ventures is a leading venture capital firm that focuses on early to growth-stage investments in technology-driven businesses. They led the $5 million Series A funding round for SquadStack.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Myntra, Lenskart, CureFit.
- Blume Ventures
- Details: Blume Ventures is an early-stage venture capital firm that invests in startups across various sectors. They have been involved in multiple funding rounds for SquadStack.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Unacademy, Dunzo, GreyOrange.
- Contrarian Capital
- Details: Contrarian Capital is a venture capital firm that participated in the $2.1 million funding round for SquadStack. They focus on diverse sectors including technology.
- Investment Focus Areas: Technology, consumer products, financial services.
- Notable Investments: Not specified.
- 91springboard
- Details: 91springboard is a co-working space and incubator that participated in the funding round for SquadStack. They provide co-working spaces and incubation for startups.
- Investment Focus Areas: Technology, co-working spaces, incubation.
- Notable Investments: Not specified.
- Emergent Ventures
- Details: Emergent Ventures is a venture capital firm that participated in the funding round for SquadStack. They focus on early-stage technology startups.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Not specified.
What's Next for SquadStack?
SquadStack is poised to capitalize on significant opportunities in the sales acceleration market. With the recent $5 million Series A funding, the company plans to scale its engineering and data science teams in the US and India, enhancing platforms like SquadIQ and Auctm. This expansion aims to improve sales conversions across sectors such as real estate, financial services, and healthcare.
Future fundraising seems promising, given the company's track record and the growing demand for data-driven sales solutions. However, challenges like competition from other platforms and adapting to market changes will require strategic planning. Maintaining product quality while scaling operations will be crucial for sustained growth.
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