Vymo, a sales productivity startup, based out of Bengaluru, has secured $18 million (approx ₹124 crore) in a series B round led by Emergence Capital and Sequoia Capital.
The platform will use the infuse funds to explore newer business opportunities such as financial services, and to recruit more people.
“Series B funding will be primarily used to expand our business in the US, Japan and Asia Pacific regions. We will also consolidate our growth and leadership position in the CRM (customer relationship management)/SFA (sales force automation) market in India,” said Yamini Bhat, chief executive, Vymo.
Vymo was founded by Yamini Bhat in 2013. The company delivers higher sales productivity to enterprises with amazing field sales solutions. It includes cutting-edge AI & automation features in sales
“The focus is to add depth to our current use cases/explore newer ones in financial services and related markets and be as relevant to our customers as possible. The team is growing rapidly, and we’re adding more talent across the world. We are close to 150 people across seven countries right now,” Bhat added.
“SaaS business is driven by growth compounds (recurring revenue) and has massive economies of scale. Aside, disruption through cloud, mobile and AI technologies have enabled startups to impact businesses in ways that were not possible earlier,” Bhat added.
Besides Vymo, other startups under the similar roof constitutes Highspot, SalesLoft, Conversica, Showpad, Salestalk, and many more.