Wednesday, April 12, 2017

Squad raised $2.1 million funding from Blume Ventures and others

Software-as-a-service (SaaS) based startup Squad has raised $2.1 million funding from Blume Ventures, Contrarian Capital, 91springboard, Emergent Ventures, Abstract Ventures, Anthill Ventures, Axilor Ventures and others.

The startup said it will use the funds to scale its platform by expanding the technology, product and data teams in India and the sales team in the US.

Also read: Lingerie startup Clovia raised $4 million funding


Squad which was founded in 2014, is a workflow automation platform that is used by firms such as Uber, Sephora, Tata Group, Flipkart and Rocket Internet etc.

Squad foudner Apurv Agrawal said, Over the last year and a half, we have achieved product-market fit and turned into a profitable SaaS business. However, we wanted to invest ahead of revenue to scale the platform and get strategic investors on board.


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