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MindTickle, 3rd unicorn in a week with a valuation of $1.2 Billion.

MindTickle is a software company that provides a comprehensive, data-driven solution for sales readiness and enablement that fuels revenue growth and brand affinity using 50 technology products and services including HTML5, Google Analytics, and jQuery,

MindTickle has raised $281.3 million in funding in the series E round which was led by existing investor SoftBank investing around $100 million in funding making the company the latest entrant to India’s unicorn club with the valuation of $1.2 billion.

An Indian MindTickle was founded by Krishna Depura, Mohit Garg, Deepak Diwakar, and Nishant Mungali in 2011. Mindtickle is recognized as a market leader by top industry analysts and is ranked by G2 as both the #1 enterprise software product and #5 sales software product.

“So a reasonable chunk of [the] money will go into global expansions, getting into more territories and geographies. The second amount [sic] will go into R&D [research and development], which we’ll use to develop our stack. I think $100 million is a lot of money and it’s not like we’ll deploy the money in the next six months or one year. But it’ll give us sufficient power to plan for the next three-four years to set up our base and continue to think over the horizon,” Depura added.

Mindtickle is the market-leading sales readiness platform, helping revenue leaders at world-class companies like Johnson & Johnson, Splunk, and Wipro be ready to grow revenue by increasing knowledge, understanding ideal sales behaviors, and adapting to change.

MindTickle is planning to drive the process of hiring aggressively to expand its presence across the globe with markets of Europe and Asia.

What do you think?

Written by Ravi Tilekar


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