SaaS Labs Raises USD 42 Mn Led By Sequoia Capital

SaaS Labs, a company that creates business automation tools for sales and support teams all around the world, has secured USD 42 million (about Rs 312 crore) in a round headed by Sequoia Capital India.

Existing investors Base 10 Partners and Eight Roads Ventures also participated in the Series B fundraising round, according to the company.

Amit Agarwal, Allison Pickens, Anand Chandrasekaran, and Michael Stoppelman were among the renowned Silicon Valley angel investors who participated in the company’s investment round.

SaaS Labs, which was founded in 2016, claims to have over 6,000 global customers, including GoStudent, Booksy, HelloFresh, Grab, and others.

Commenting on the funding SaaS Labs founder and CEO Gaurav Sharma said “Excited to partner with Sequoia Capital India to accelerate our growth. While we are well-capitalized, 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 mergers and acquisitions,”.

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