Aditya Hadi Pratama · · 2 min readSequoia Capital leads $42m round of Indian cloud services provider
SaaS Labs, an India-based cloud services provider, has raised US$42 million in a series B round led by Sequoia Capital India. Existing investors such as Base 10 Partners and Eight Roads Ventures participated as well.
The company also said that it acquired two cloud services platforms in Europe to enter the region. They are Poland-based callback automation tool CallPage and France-based collaboration workspace platform Atolia.
The Indian firm said that it will continue looking for acquisition opportunities in the space this year.
Photo credit: SaaS Labs
Founded by serial entrepreneur Gaurav Sharma in 2016, SaaS Labs develops solutions for sales and support teams. It currently has two main offerings: cloud-based contact platform JustCall and communications management service Helpwise.
The company also recently launched two new products: conversation intelligence platform JustCall IQ and sales training platform Dialworks.
In a statement, SaaS Labs said that it has seen 2.5x revenue growth in 2021 and now counts more than 6,000 companies, including Southeast Asian super app Grab, as its customers.
The firm – which just raised a US$17 million series A round three months ago – plans to use the fresh money for research and development purposes.
Other investors in this round include:
- Datadog chief product officer Amit Agarwal
- The New Normal Fund founder and general partner Allison Pickens
- Former Facebook and Yahoo executive Anand Chandrasekaran
- Former Google and Yelp executive Michael Stoppelman
Editing by Miguel Cordon and Jaclyn Tiu
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
