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SquadStack, a San Francisco and Delhi-based technology startup that offers sales acceleration, funnel optimization, and business management solutions for businesses, announced that it has raised $5 million in a Series A funding round led by Chiratae Ventures. The round also saw participation from existing investor Blume Ventures.
The company plans to utilize the fresh funds to attract top talent and build products that help partner-companies generate more revenue and improve sales operations.
SquadStack helps consumer businesses that sell high-ticket products and services across industries such real estate, financial services, education, and healthcare to improve their sales conversions by leveraging technology and data science.
“We’re grateful to everyone who believed in our mission to create the ultimate sales acceleration and funnel efficiency stack for businesses around the world.” – Apurv Agrawal, Founder & CEO, SquadStack.
“We’ve worked across industries because lead qualification and conversion is a challenge for every company irrespective of their industry or niche. Sales-tech innovation that’s happened on the B2B side is just as important in the B2C world.”- Saswata Shankar De, Partner, SquadIQ.
“We want to build the tech platform of choice for sales and fulfilment teams, as well as focus on product development with an emphasis on data science and artificial intelligence. We aim to grow 10X in the next two years, and drive adoption and engagement for our products across geographies,” SquadStack said in its press release.
Earlier in 2017, the company raised $2.1 million from Blume Ventures, S. Gopalakrishnan & SD Shibulal, co-founders of the outsourcing giant, Infosys and seed fund Axilor Ventures, among other investors.
–AN