San Francisco and Pune-based sales enablement platform MindTickle has raised $27 Mn (INR 174 Cr) in a Series B funding round led by Silicon Valley-based VC firm Canaan Partners. Existing investors Accel Partners, New Enterprise Associates (NEA), and Qualcomm’s investment arm, Qualcomm Ventures, also participated in the round.
This brings the sales-focussed startup’s total fundraise to $41.3 Mn to date. As per the company’s official statement, the newly-secured financing will be utilised to facilitate product innovation and global expansion.
Commenting on the development, Joydeep Bhattacharyya of Canaan Partners stated, “Sales Readiness is the single most important metric that every public company CEO is paying attention to and the best predictor of future performance. MindTickle is the leader in this new massive area of applications for sales teams, with tremendous customer adoption.”
As per the terms of the deal, Bhattacharyya will be joining MindTickle’s board of directors post the investment.
Varsha Tagare, MD at Qualcomm Ventures said, “MindTickle is among the new breed of Indian product companies that are category creators and global leaders in mobility-led enterprise software. The quality of customers that MindTickle has signed up over the past two years is exceptional and is a testament to their vision and the team that they assembled to go after the opportunity.
MindTickle: A SaaS-based Sales Readiness And Sales Enablement Platform
Founded in 2011 by Krishna Depura, Nishant Mungali, Mohit Garg and Deepak Diwakar, MindTickle is a SaaS platform that focuses on improving sales of clients. It promises to cut training time for salespeople who need to be kept up-to-date on rapidly changing products, and consequently improve their effectiveness in handling potentially difficult sales situations.