India-based sales automation software as a service (SaaS) platform LeadSquared said Tuesday it has secured an investment of $153 million in the Series C funding round by WestBridge Capital.

“We are grateful for the support of our investors as we strive to build LeadSquared into a globally significant business. With this financing, we will double down on growth investments in India and North America, start building in Asia Pacific (APAC) and Europe, the Middle East and Africa (EMEA), add new offerings to our product portfolio, and fund acquisitions. To support our growth, we plan to double our headcount in the next 18 months,” LeadSquared Founder and Chief Executive Officer Nilesh Patel said in a statement.

Founded by Nilesh Patel, Prashant Singh, and Sudhakar Gorti in 2011, LeadSquared’s vision is to make high-velocity sales execution software a growth engine for companies around the globe.

The firm has built a global, best-in-class SaaS platform that takes away the guesswork from sales execution and makes efficiency the focus of every customer interaction. It now serves more than 2,000 customers globally.

“LeadSquared has shown a remarkable ability to scale and grow efficiently. Its core SaaS metrics are unique and best-in-class in the industry. Its focus on building an easy-to-use platform that transforms sales processes through automation delivering unparalleled efficiency, has significant potential for growth in the global market. Future of LeadSquared is very exciting to us and we look forward to a long partnership with the company,” said Sumir Chadha, Co-founder and Managing Director at WestBridge Capital.

LeadSquared is the growth partner for organizations in higher education, edtech, professional education, healthcare, financial services, and marketplaces. The company is headquartered in Bengaluru, India with local presence in India, the United States, Australia, the Philippines, South Africa, and Indonesia.

The company’s existing investors include Gaja Capital, International Finance Corporation (IFC), and Stakeboat Capital.

“LeadSquared is fast emerging as a category leader in high-velocity sales execution software. Nilesh and the team have built a strong platform with robust unit economics. With this round, the company has the balance sheet strength to further invest for growth in India as well as international markets, especially the United States. We look forward to LeadSquared being the engine of growth for ambitious companies in India and around the world,” said Gaja Capital’s Managing Partner, Gopal Jain.

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