Delhi NCR based software startup SaaS Labs raises $42 million in Series B round of funding
- ByTejika Bajaj | January 22, 2022
Delhi NCR based software startup SaaS Labs has recently announced that it has raised a sum of $42 million in its Series B round of funding led by Sequoia Capital India.
The round also saw participation from existing investors including Base 10 Partners and Eight Road Ventures. The Series B round also attracted participation from iconic angel investors such as Amit Agarwal, Allison Pickens, Anand Chandrasekaran, and Michael Stoppelman.
The company officials have revealed that the startup intends to utilise the recently infused capital to develop its R&D capabilities and cultivate new products for its global users. Furthermore, the startup also plans to accelerate and scale the reach of its newly-launched products.
“We are excited to partner with Sequoia Capital India to accelerate our growth. While we are well-capitalised, this round gives us the firepower needed to double down on what’s working, hire great talent globally, launch innovative products, focus on brand marketing and get aggressive with strategic M&As. As SMBs will continue to adopt software to modernise different functions like sales, support, and marketing, etc. within their business, we are confident that SaaS Labs will be able to capture that opportunity and grow 30x in the coming 5-7 years.” said Gaurav Sharma, founder & CEO, SaaS Labs.
Founded in 2016 by Gaurav Sharma, SaaS Labs helps fast-growing companies of all sizes get closer to their customers by empowering sales and support teams to automate tasks, cut costs and become more efficient with its two core products.
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