SaaS start-up SquadStack raises Rs 140 cr in Series B funding for expansion

SquadStack, a technology platform used by salespeople, has raised Rs 140 crore led by Bertelsmann India Investments, along with existing investors Chiratae Ventures and Blume Ventures.

The SaaS-enabled talent marketplace will use the Series B round fund to strengthen its team, increase its sales experts base and expand into new verticals. SquadStack, which was established in 2017, helps sales professionals to work from anywhere with the help of a smartphone.

More than 70 lakh telesales agents sell loans, credit cards, insurance, education, health and wellness products, and services to 20 crore Indians daily. SquadStack said it integrates three core layers of innovation to manage the sales ecosystem for consumer businesses: decentralisation to access top sales talent, tools to manage sales experts, and a campaign management platform for businesses.