SaaS startup Mindtickle has raised $100 million in funding led by SoftBank, making it the latest member of the unicorn club and founded by Krishna Depura, Mohit Garg, Deepak Diwakar and Nishant Mungali in 2011. The startup helps businesses build sales capabilities, including training, onboarding, working on each aspect of sales, practising and improving it using technology.
Existing investors like Norwest Venture Partners, Canaan, NewView Capital and Qualcomm Ventures participated in the round. Mindtickle has raised $281 million in total funding by now. Mindtickle helps sales executives prepare for their pitch before actually pitching and collects data points such as common questions, feedback and time spent on one topic to make the pitch more effective. “Revenue leaders agree that sales willingness is a mission-critical part of their strategy to exceed their goals,” Krishna Depura consistently, CEO and Co-founder of Mindtickle, said.
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“We are astonished by Mindtickle’s achievements in creating and becoming a leader in the sales readiness space,” said Munish Varma, Managing Partner, SoftBank Investment. The unicorn club has exploded in 2021. Due to the coronavirus pandemic, the internet and technology boom is benefitting companies and investors. India has got 20 unicorns so far this year.