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Roehl Niño Bautista · · 1 min readIndian AI SaaS startup turns unicorn after $100m SoftBank-led round
“India’s Mindtickle hit a valuation of US$1.2 billion with a funding round led by SoftBank, as global investors plow capital into the country’s fast-growing technology industry,” reported Mint.
Details:
- Japanese investment giant SoftBank was joined by existing backers Norwest Venture Partners and Qualcomm Ventures.
- The round more than doubled Mindtickle’s valuation and brought the total capital the firm has raised so far to US$281 million.
Dive deeper:
- Mindtickle, which has offices in India and the US, offers “sales readiness” technology that features AI-based sales tools to improve a seller’s knowledge of customers by analyzing sales behaviors.
- Mindtickle is the latest Indian startup to join the unicorn club this month just behind Ofbusiness and BharatPe. India’s tech industry is having a “boom year,” with an increase in stock market debuts and venture capital investments, noted the Mint report.
Editing by Miguel Cordon and Arpit Nayak
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