SquadStack, a SaaS-enabled Talent Marketplace for Sales, has raised over 140 crore in a Series B round led by Bertelsmann India Investments, along with existing investors Chiratae Ventures and Blume Ventures.
The company said in a statement that the funds will be used to hire top talent to bolster its team for expansion, along with its plans to expand its base of sales experts and expand into new verticals.
SquadStack was founded in 2017 with the aim of giving everyone access to skilled work. A Noida-based start-up deploys a combination of data science, artificial intelligence AI and a network of sales experts to help consumers scale with better conversions.
We are working towards revolutionizing the Rs 80,000 crore Indian telesales industry that lacks innovation. Apurv Agrawal, co-founder of SquadStack, said that the combination of technology and human expertise solves a negative ROI problem for businesses and uplifts sales talent across the country.
We are looking to expand our team. In the long run, great products and work culture are the byproduct of a great team and work culture. He said that BII team has deep experience in scaling large platform businesses and that we are excited to partner with them.
Rohit Sood, Partner at Bertelsmann India Investments said, We have a strong bullish thesis on the future of work and SquadStack fits strongly in that as their technology provides ownership and flexibility to the large, diverse and distributed sales talent in the country. We immediately formed a connection with the founding team as we have strong convictions in their data and product driven approach to this complex problem. We are excited to partner with them in this journey to change the sales outsourcing landscape. SquadStack is solving the biggest and most persistent problems of the sales industry. Venkatesh Peddi, Managing Director, Chiratae Ventures said that SquadStack's tech-driven solution is truly revolutionizing the industry by productizing sales services to manage the challenges of fragmented supply.