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- LeadSquared
LeadSquared Revenue, Valuation, Funding & Investors
LeadSquared is valued at $1B as of June 2022, a 38.5x multiple on its last reported $26M revenue.
Last LeadSquared valuation
$1B
Series C · Jun 2022
Last LeadSquared funding round
$153M
Series C · Jun 2022
LeadSquared revenue
$26M
Series C · Jun 2022
Key investors in LeadSquared
Gaja Capital
Stakeboat Capital
Jyoti Bansal
Westbridge Capital
About LeadSquared
LeadSquared is a SaaS platform offering sales CRM, marketing automation, and lead management tools for B2B and B2C companies. Bengaluru-headquartered since its founding in 2011, the company serves sectors including education, real estate, and telecommunications. Its mobile CRM app supports offline access and integrates with platforms like WhatsApp, email, and SMS for lead nurturing. The platform handles lead capture from websites, events, and ads, routing them to sales teams via automated workflows. LeadSquared operates across India, Middle East, Southeast Asia, and North America with offices in Dubai, Singapore, and New York.
Founded
2011
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$26M (Jun 2022)
Valuation
$1B (Jun 2022)
LeadSquared Valuation
LeadSquared is currently valued at $1B, based on its Series C in June 2022.
The $153M round was led by Westbridge Capital, with participation from Gaja Capital.
LeadSquared valuation by funding round
| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2022 | Series C | $1B | 38.5x |
LeadSquared Revenue
LeadSquared's latest recorded revenue is $26M, as of its Series C in June 2022. At a $1B valuation, that implies a 38.5x revenue multiple.
LeadSquared revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2022 | $26M | $1B | 38.5x | Series C |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
LeadSquared Funding History
LeadSquared has raised a total of $188M across 3 funding rounds.
LeadSquared's first fundraising round was a $3M Series A in May 2019. The most recent completed round was a $153M Series C in June 2022.
LeadSquared funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2022 | Series C | Westbridge Capital (lead); Gaja Capital | $153M | $1B | LeadSquared, a Bengaluru-based sales automation SaaS platform operated by MarketXpander Services Pvt. Ltd., raised $153 million in a Series C funding round on June 21, 2022, led by WestBridge Capital with participation from existing investor Gaja Capital, achieving a post-money valuation of $1 billion and unicorn status as India's 103rd unicorn. The platform helps companies automate sales processes across call centers, field sales, vendor onboarding, verifications, and collections, serving over 2,000 customers including Byju's, Pearson, Dunzo, Kotak Securities, Amazon Pay, OLX, and others in sectors like edtech, healthcare, lending, banking, and marketplaces. For the financial year ending March 2022, LeadSquared doubled its revenue to $25.6 million, with 90% generated in India, while total income reached approximately Rs 200 crore (around $25 million USD equivalent). The company, employing about 1,200 people with operations in the US, Philippines, South Africa, Australia, and Indonesia, plans to use the funds to expand internationally in North America, APAC, and EMEA, add features like sales performance analytics and application processing tools, double headcount to 2,400 over 18 months, and pursue acquisitions. WestBridge Capital's Sumir Chadha praised LeadSquared's best-in-class SaaS metrics, efficient scaling, and potential for global growth through sales automation. The startup aims for profitability within three years while prioritizing sensible growth spending. This round brings LeadSquared's total funding to $188 million. |
| Dec 2020 | Series B | Gaja Capital (lead); Jyoti Bansal; Stakeboat Capital | $32M | - | LeadSquared is a sales and lead management automation platform founded in 2011 and headquartered in Bangalore, India. The company serves a diverse customer base of over 1,800 clients across industries including education, healthcare, BFSI, and real estate, with primary markets in India and the United States. In December 2020, LeadSquared raised $32 million in a funding round led by Gaja Capital, with participation from existing investors Skateboat Capital and serial entrepreneur Jyoti Bansal. The company subsequently raised a larger $153 million Series C round from WestBridge Capital in June 2022, which valued the company at $1 billion and established its unicorn status. By fiscal year 2024-25, LeadSquared reported operating revenue of INR 326.2 crore (approximately $39 million USD) and total revenue including other income of INR 366.3 crore, representing 14% and 13% year-over-year growth respectively. |
| May 2019 | Series A | Jyoti Bansal (lead); Stakeboat Capital (lead) | $3M | - | - |
Who has invested in LeadSquared?
4 investors have backed LeadSquared across its funding rounds, including Gaja Capital, Stakeboat Capital, Jyoti Bansal and Westbridge Capital.
Lead investors include Westbridge Capital, Gaja Capital, Jyoti Bansal and Stakeboat Capital.
LeadSquared Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | May 2019 | ||
| 2 | Lead | May 2019 | ||
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Start Free TrialLeadSquared Competitors
LeadSquared competitors include listed companies like AnyMind Group and dotDigital Group, and private ones like Yidian Zixun, Alembic, Databook and Amperity.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $645M | - | ||
| Private | $2M | - | $550M | - | ||
| Publicly listed | $368M | $12M | $301M | 0.7x | ||
| Publicly listed | $113M | $33M | $196M | 1.2x | ||
| Private | $70M | - | $1B | 14.3x |
LeadSquared Public Comps
LeadSquared is still privately-owned, but its public comps include Appier Group, Rezolve AI, Deluxe, Beijing Join-Cheer, ZoomInfo, Clarivate, Red Violet, WingArc1st, Similarweb and Sprinklr.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $281M | $44M | 3.4x | 2.9x | 21.6x | 15.7x | |||
| $47M | ($109M) | 23.3x | 4.0x | (10.0x) | (19.3x) | |||
| $2.1B | $379M | 1.2x | 1.2x | 6.7x | 5.6x | |||
| $386M | $11M | 1.9x | - | 68.9x | - | |||
| $1.2B | $326M | 2.0x | 2.1x | 7.8x | 5.1x | |||
| $2.5B | $829M | 2.1x | 2.2x | 6.3x | 5.3x | |||
| $90M | $24M | 13.2x | 11.7x | 50.0x | 31.7x | |||
| $199M | $70M | 3.5x | 3.3x | 10.0x | 10.5x | |||
This data is available for Pro users. Sign up to see all LeadSquared competitors and their valuation data. Start Free Trial | ||||||||
Common questions about LeadSquared
| When was LeadSquared founded? | LeadSquared was founded in 2011. |
| Where is LeadSquared headquartered? | LeadSquared is headquartered in Bangalore, India. |
| Is LeadSquared publicly listed? | No, LeadSquared is a private, VC-backed company. |
| What is LeadSquared's valuation? | LeadSquared was last valued at $1B in its Series C in June 2022. |
| How much funding has LeadSquared raised? | LeadSquared has raised $188M across 3 funding rounds. |
| What was LeadSquared's last funding round? | LeadSquared's last funding round was a $153M Series C in June 2022, led by Westbridge Capital. |
| Who are LeadSquared's investors? | LeadSquared's investors include Jyoti Bansal, Stakeboat Capital, Gaja Capital and Westbridge Capital. |
| What is LeadSquared's revenue? | LeadSquared's latest recorded revenue is $26M (June 2022). |
| What is LeadSquared's revenue multiple? | LeadSquared's latest valuation implies a 38.5x revenue multiple ($1B valuation on $26M of revenue). |
| Which companies are comparable to LeadSquared? | Companies comparable to LeadSquared include Yidian Zixun, Alembic, Databook, AnyMind Group, dotDigital Group and Amperity. |
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