# MarketXpander Services Private

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/marketxpander-services-private

- Industry: Software
- Headquarters: Bangalore, India
- Website: www.leadsquared.com
- Total disclosed funding: $128M
- Latest round: Series C (Nov 3, 2022)
- Investors on record: 5

## About

Based in India, MarketXpander Services Private Limited specializes in providing advanced sales execution and marketing automation solutions, designed to enhance operational efficiency across various industries, including education and healthcare.MarketXpander Services Private Limited, founded in 2011 in Bangalore, India, focuses on delivering innovative solutions for sales and marketing automation. The company was co-founded by Akshat Kumar, Nilesh Patel, and Shrung Mehta, with Nilesh Patel currently serving as CEO. In June 2022, the company completed a Series C funding round, raising USD 153 mn, led by WestBridge Capital Partners with the involvement of Gaja Capital Partners. The total amount raised to date is USD 153 mn, with the current company valuation at USD 1,000 mn.LeadSquared primarily offers a comprehensive suite of sales execution and marketing automation solutions designed to enhance operational efficiency for various industries, including education, healthcare, financial services, and real estate. The core products include a Sales CRM, Marketing Automation tools, Mobile CRM applications, and customizable lead management systems, facilitating seamless customer relationship management and streamlining sales processes. The company's solutions are utilized across various geographical markets, including India, the United States, Indonesia, and the UAE, allowing over 2,000 businesses worldwide to effectively manage their sales operations and customer interactions.LeadSquared generated revenue of USD 25.97 mn in the most recent fiscal year, 2022, with an EBITDA of USD -7.69 mn. The revenue comes from a subscription-based model, enabling clients to access various software solutions tailored to their operational needs.In June 2022, MarketXpander Services Private Limited raised USD 153 mn in Series C funding, which will be utilized to expand into new regions and hire and acquire talent. The company is targeting growth into additional markets, further enhancing its global presence. Future product launches are under consideration, although specific details and release dates are yet to be announced.

## Funding rounds

- Series C, Nov 3, 2022, $9.4M — WestBridge Capital Partners, Konark Trust
- Series C, Jun 17, 2022, $89M — WestBridge Capital Partners, Konark Trust, J Investments GP
- Series B, Dec 14, 2020, $27M — Gaja Capital Partners, Stakeboat Capital, J Investments GP
- Series A, May 14, 2019, $2.3M — Stakeboat Capital, J Investments GP

## Investors

- Stakeboat Capital (https://capitalatlas.ai/funds/stakeboat-capital) — Series A, Series B
- J Investments GP — Series A, Series B, Series C
- Gaja Capital Partners (https://capitalatlas.ai/funds/gaja-capital-partners) — Series B
- WestBridge Capital Partners (https://capitalatlas.ai/funds/westbridge-capital-partners) — Series C
- Konark Trust — Series C