[Funding alert] CleverTap raises $26M led by Sequoia India, valuation stands at over $150M

Mohit Bhatnagar, Managing Director at Sequoia Capital India Advisors, said, “Sequoia India is happy to lead this round of financing at one of the …

Customer lifecycle management platform CleverTap announced that it has raised $26 million Series B round led by Sequoia India. Other participants included new investor Tiger Global Management, and existing investor Accel.

In a statement, the the company said that the funds will be used to scale and accelerate CleverTap’s product capabilities in order to meet the fast-growing demand for its customer lifecycle management platform.

It added that the new funding brings the company’s valuation to more than $150 million. Sources say that in the recent past, CleverTap has been hiring aggressively to bolster its data science capabilities.  


The team at CleverTap

CleverTap is a SaaS platform, enabling businesses to deliver omnichannel experiences to millions of customers in real-time. Using its proprietary Big Data and Artificial Intelligence (AI) engine, businesses can analyse billions of user actions, helping marketing and growth teams with immediate customer context at every stage of the journey.

The company said that its revenue has been growing at 250 percent year-over-year since 2015, and the platform is driving over $2 billion in incremental revenue for its customers.

Also read: With just a voice command, you can derive business insights with AI-driven Flash from GeniSIGHTS

Mohit Bhatnagar, Managing Director at Sequoia Capital India Advisors, said, “Sequoia India is happy to lead this round of financing at one of the fastest growing SaaS startups.”

Scott Shleifer, Partner at Tiger Global, a new investor in CleverTap, added,

“Marketing technology is undergoing rapid transformation, and we believe CleverTap is well positioned to help consumer businesses drive materially higher customer lifetime values.”

CleverTap claimed that it has over 8,000 clients globally, including Vodafone, Star, Sony, Domino’s Pizza, GO-JEK, Cleartrip and BookMyShow. The company has offices in San Francisco, London, Singapore, Mumbai, and Bengaluru.

Prashanth Prakash, Partner at Accel, said,

“CleverTap is meeting the growth and retention needs of some of the fastest growing consumer apps such as GO-JEK, Fandango, Hotstar and Zilingo…We’re excited to bring our expertise to CleverTap to support them in this mission.”

Commenting on the funding, CleverTap’s CEO and Co-founderSunil Thomas, said, “The addition of Tiger Global to CleverTap’s existing investors, is a tremendous endorsement of our innovation and success. At the core, we believe that every business will benefit from the investments we continue to make in our platform.”  

The company recently opened its APAC headquarters in Singapore, and has expanded its presence in the US and Europe to serve rapidly-scaling brands.

Also read: Y Combinator-backed Cashfree raises $5.5M from Smilegate Investments

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Winning by Design Acquires Digby SF, Adding Account Based Expertise to Their Offerings

… in SaaS and Account based strategy as a marketing leader at several B2B SaaS startups including Demandbase, OpenDNS, Radius, and Casetext.

Posted: Wednesday, April 10, 2019 8:00 am

Winning by Design Acquires Digby SF, Adding Account Based Expertise to Their OfferingsAssociated Press |

MENLO PARK, Calif.–(BUSINESS WIRE)–Apr 10, 2019–Winning by Design, the premier Software as a Service (SaaS) sales strategy consulting and coaching firm, today announced that it has agreed to acquire Digby SF, a San Francisco-based company that specializes in Account-Based strategy and design. The acquisition follows the acquisition of Customer Growth Advisors on March 27, 2019 and signals the need for holistic go-to-market alignment across all revenue focused functions.

Shari Johnston, Founder of Digby SF and now Partner of Winning by Design says: “Account-Based strategies deliver substantially higher ROI than other go to market investments with double the conversion rate of MQL to Deal, greater average customer lifetime value, and more marketing and sales alignment. By partnering with Winning by Design’s already proven SaaS sales methodology, I can offer more holistic go-to-market transformations.” Shari has a background in SaaS and Account based strategy as a marketing leader at several B2B SaaS startups including Demandbase, OpenDNS, Radius, and Casetext.

“At Allocadia, we have partnered with Winning by Design to align our sales and marketing teams around an account-based strategy. We see so much potential to accelerate growth by focusing our resources and efforts around our next best customer. Winning by Design’s deep experience in scaling SaaS business and providing coaching uniquely sets us up for success,” states customer Sam Melnick, VP Marketing of Allocadia. “Having a partner who not only works with similar companies, but who has actually implemented these strategies as a practitioner, is invaluable.”

Winning by Design will now offer account-based strategy assessments, playbooks, blueprints and workshops, tightly aligned with its existing sales and customer success methodologies, offering clients an integrated go-to-market strategy.

About Winning by Design

Winning by Design is a premier strategy consulting and coaching provider for SaaS sales, customer success and other B2B sales organizations. The company was recently named by G2Crowd as a leading sales coaching company. Winning by Design is trusted by more than 300 global organizations, including Adobe, AdRoll, CultureAmp (Australia), FreshDesk (India), Bynder (Netherlands), LiftOff (#6 Deloitte Fast 500), NearPOD, Resultados Digitais (Brazil), SalesLoft (#7 Deloitte Fast 500), SendGrid, Omaze, Outreach, TeamLeader (Belgium), Tradeshift (Denmark), xPenditure (Belgium), Gainsight (#15 Deloitte Fast 500) and Zenefits. Visit www.winningbydesign.com, LinkedIn or YouTube or see our new book on Amazon.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190410005135/en/

CONTACT: Shari Johnston





SOURCE: Winning by Design

Copyright Business Wire 2019.

PUB: 04/10/2019 09:00 AM/DISC: 04/10/2019 09:00 AM


Copyright Business Wire 2019.

© 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Posted in Business on Wednesday, April 10, 2019 8:00 am. | Tags: Worldapwirenews, Technology, New Products And Services, Products And Services, Corporate News, Business, Web Services, Internet Technology, Computing And Information Technology, Cloud Computing Services, Software Industry, Information Technology

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Tax Management Software Market Latest Trends, Technology Advancement and Demand 2019 to …

… Accurate Tax, Canopy, Beanstalk, CCH, ClearTAX, Credit Karma, Empower, Exactor, Longview Solution, RepaidTax, Rethink Solutions, Scivantage, …

Tax Management Software

Global Tax Management Software Market Growth (Status and Outlook) 2019-2024

This research report aims at answering various aspects of the global Tax Management Software market with the help of the key factors driving the market, the restraints, and the challenges that can possibly inhibit the overall market growth, and the current growth opportunities that are going to shape the future trajectory of the market expansion. The report includes an in-depth examination of the key players and recent developments taking place in this market. Moreover, the report includes chapters on market dynamics (market drivers, opportunities, and challenges) and industry analysis as well.

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Competitive Landscape:

Competition section of the Tax Management Software market features profiles of key players operating in the industry based on their market shares, differential strategies, product offerings, marketing approach. Some of the key players featured in this report include Avalara, Outright, Shoeboxed, SAXTAX, H&R Block, CrowdReason, Paychex, Drake Software, Taxify, Accurate Tax, Canopy, Beanstalk, CCH, ClearTAX, Credit Karma, Empower, Exactor, Longview Solution, RepaidTax, Rethink Solutions, Scivantage, TaxACT, SureTAX , Taxbrain, TaxCloud, SaaS, Installed-Mobile, TaxSlayer, TaxJar, TurboTax

Scope of the Report:

Market Segment by Types, covers

Cloud, SaaS, Installed-Mobile


Market Segment by Applications, can be divided into

Personal Use

Commercial Use

Browse full report with TOC and List of Figures at: https://www.marketinsightsreports.com/reports/03051128628/global-tax-management-software-market-growth-status-and-outlook-2019-2024?source=themarketresearchnews&Mode=23

Contents of the 15 Chapters for This Tax Management Software Market Study:-

Chapter 1, to describe Tax Management Software Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2, to analyze the top manufacturers of Tax Management Software, with sales, revenue, and price of Tax Management Software, in 2017 and 2019;

Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2017 and 2019;

Chapter 4, to show the Global market by regions, with sales, revenue and market share of Tax Management Software, for each region, from 2014 to 2019;

Chapter 5, 6, 7, 8 and 9, to analyze the key regions, with sales, revenue and market share by key countries in these regions;

Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2014 to 2019; and other

About the Report

Market Insights Reports conducted a research study on Tax Management Software market includes historic data from 2014 to 2018 and forecasts until 2024. The Tax Management Software market report offers a comprehensive evaluation of the business opportunities prevailing in the Tax Management Software market along with insights on procedure number of Tax Management Software. The report also elaborates on the macroeconomic factors influencing the dynamics of Tax Management Software market and its futuristic potential.

What this Research Study Offers:

  • Global Tax Management Software Market share assessments for the regional and country level segments
  • Global Tax Management Software Market share analysis of the top industry players
  • Strategic recommendations for the new entrants in Global Tax Management Software market.
  • Global Tax Management Software Market forecasts for a minimum of 5 years of all the mentioned segments, sub segments and the regional Global Tax Management Software markets
  • Global Tax Management Software Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments Supply chain trends mapping the latest technological advancements

Contact Us:

Irfan Tamboli (Head of Sales)

Market Insights Reports

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Big Data as a Service Market Top Trends That Makes Impact on Industry

The huge expansion of capabilities in the Big Data analytics technology (owing to the availability of open-source tools) may also push the companies …

Big Data as a Service Market Top Trends That Makes Impact on Industry“Global Big Data as a Service Market Research Report 2019-2024”: Is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data which enhances the understanding, scope and application of this report.

In 2018, the Big Data as a Service (BDaaS) market was valued at USD 8.90 billion, and is expected to reach a value of USD 31.75 billion by 2024, at a CAGR of 24.51%, over the forecast period. The evolution of technological tools has enabled solutions to be delivered as a service. Owing to this, Software as a Service (SaaS), Platform as a Service (PaaS), and Data as a Service (DaaS) have emerged as potential growth opportunities for Big Data vendors.

Companies Include are:

IBM Corporation, Microsoft Corporation, Oracle Corporation, SAP SE, Hewlett-Packard Company, SAS Institute, Accenture PLC, Information Builders Inc., Google LLC, Amazon Web Services Inc., Alteryx Ltd, Wipro Ltd, Opera Solutions LLC, Guavus Inc., MapR Technologies Inc.

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Increasing cold storage applications are likely to act as a market opportunity for market growth in the future.

In 2017, the building wall application dominated the market with a share of around 60%.

Competitive Landscape

Big Data services have the potential to shift rivalry, opening up numerous new avenues for differentiation and value-added services. The huge expansion of capabilities in the Big Data analytics technology (owing to the availability of open-source tools) may also push the companies to keep up with rivals and give away too much of the improved product performance, an environment that escalates costs and erodes industry profitability. The major Big Data solution providers are acquiring or investing in new startups and technologies that support their overall product offerings.

(Special Offer: Get flat 15% discount on this report)

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Key Market Trend

Private Cloud has Significant Share In the Market :-

Private cloud services are explicitly designed for the organization’s needs. They are usually offered via a private network or corporate WAN, rather than an open Internet source.

In a private cloud, both infrastructure and services are always maintained on a private network, and software and hardware are dedicated solely to the client organization. They ensure that no data is misplaced or lost, and also provide the flexibility of control to modify resource configuration according to demand.

Toy, Hobby, and DIY Segment Accounts for a Major Share in the Market :-

The manufacturing sector is also forecast to increase faster than the general economy. According to the MAPI (Manufacturers Alliance for Productivity and Innovation) foundation, production will grow by 2.8% from 2018 to 2021. Further, the rising adoption of SaaS among local SMEs is expected to expand the studied market scope over the forecast period.

has 200 tables and figures browse the report description and TOC:


Essential points covered in Global Big Data as a Service Market 2019 Research are:-

  • What will the Big Data as a Service market size and the growth rate be in 2024?
  • What are the key factors driving the Global Big Data as a Service market?
  • What are the key market trends impacting the growth of the Global Big Data as a Service market?
  • What are the challenges to Big Data as a Service market growth?
  • Who are the key vendors in the Global Big Data as a Service market?
  • What are the market opportunities and threats faced by the vendors in the Global Big Data as a Service market?
  • What are the key outcomes of the five forces analysis of the Global Big Data as a Service market?

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

About us:

MarketInsightsReports provides syndicated Market research reports to industries, organizations or even individuals with an aim of helping them in their decision making process. MarketInsightsReports has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Contact Us:

Irfan Tamboli (Head of Sales) – Market Insights Reports

Phone: + 1704 266 3234 | +91-750-707-8687

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Fleetsmith Raises $30 Million Series B From Menlo Ventures and Tiger Global Management …

Naomi Pilosof Ionita, partner at Menlo Ventures and former product and growth lead at Evernote, is joining Fleetsmith’s Board of Directors.

“We were immediately impressed by Fleetsmith’s customer and product-centric mentality,” said Naomi Pilosof Ionita, partner at Menlo Ventures. “They are solving real pain points around device management and their product empowers IT, management, and security teams. Customers recognize the value of Fleetsmith in minutes—not weeks or months. It’s the way a modern product built for IT should work.”

Fleetsmith Business Momentum Sets the Stage for Rapid Growth in 2019

Since announcing its Series A funding last April, Fleetsmith launched the general availability of its flagship product, a device monitoring product called Fleetsmith Intelligence, support for businesses using Office 365 and iOS and tvOS devices, new Dashboard and Audit Log product features, and a reseller program called the Fleetsmith Partner Program. For its revolutionary device management platform, Fleetsmith was named the 2018 SaaS Award winner for “Best SaaS Newcomer” and a finalist for “Best Security Innovation in a SaaS product.”

“This latest round of funding demonstrates continued confidence in our strategy, which has helped companies automate device management and put security first,” said Zack Blum, CEO and co-founder of Fleetsmith. “Over the past year, we have built an incredible team and shipped tons of new customer-requested features. Now, we look forward to growing the company so we can bring modern device management to even more organizations around the world.”

Fleetsmith Accelerates Company Growth With Strategic Hiring

Over the past year, Fleetsmith has expanded its engineering, product, design, sales, and marketing teams—doubling its headcount to nearly 30 employees. It also brought on former Google and PandaDoc marketing executive Dan Levinschi as its Vice President of Marketing. With over ten years of experience at both enterprises and fast-growing startups, Levinschi brings extensive marketing knowledge to Fleetsmith, where he is responsible for the global go-to-market strategy and revenue growth.

“We’re delighted to have Dan join our team at this pivotal stage,” said Blum. “With his proven ability to drive business results and build high-performing teams in both domestic and international markets, Dan will be instrumental in growing Fleetsmith’s brand awareness and accelerating customer adoption.”

To support its rapid expansion, Fleetsmith will also use its new funding to more than triple its employee count and expand operations in Europe.

Learn more about Fleetsmith by visiting www.fleetsmith.com.

About Fleetsmith

Fleetsmith automates new device setup, inventory, patching, and security across corporate Apple device fleets. Founded by former IT and security leaders from Dropbox and Fandom, Fleetsmith combines world-class product and security engineering with a powerful, intuitive interface that makes advanced Apple device management available for everyone. Fleetsmith is based in San Francisco and backed by Menlo Ventures, Tiger Global Management, Upfront Ventures, and Harrison Metal. Try it for free at fleetsmith.com.

SOURCE Fleetsmith

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