MindTickle raises $40 million in series C funding from Accel Partners, others

Bajaj Auto puts $8 million in cycle-sharing space Yulu in series A funding
Source: Google

MindTickle, a data- driven sales readiness and enablement platform, based out of Bengaluru and San Francisco, has raised $40 million (approx ₹274 crore) in series C funding led by Norwest Venture Partners. While, the other participants in the round were Accel Partners, Canaan, NewView Capital, Qualcomm Ventures LLC.

As part of the deal, Scott Beechuk, Partner at Norwest Venture Partners, will be counted in  the company’s board of directors. This round brings MindTickle’s total funding raised to more than $81 million.

“MindTickle is empowering companies to grow revenue and build their brand value by transforming customer-facing teams preparing them to be on message and on task every time they engage with a prospect or customer. Our Series C funding will fuel our strategic, long term growth plans while supporting ongoing investment in our expanding products and services,” Krishna Depura, co-founder and CEO of MindTickle, said.

MindTickle was founded by Mohit Garg, Krishna Depura, Deepak Diwakar and Nishant Mungali in 2011. The platform gives a comprehensive, data-driven sales readiness and enablement space for onboarding, micro-learning, skills development and coaching.

The company claims its is expanding its Fortune 500 and Global 2000 customers base by 200 percent and increasing annual recurring revenue by more than 100 per cent over years.

“MindTickle is successfully confronting one of the most complex issues facing today’s organizations the ability to train and upskill customer-facing employees,” said Beechuk.

“MindTickle has proven product-market fit for its mobile-first, readiness platform that engages employees and delivers perpetual micro-learning experiences,” Beechuk further added.

The company looks to expand into Europe and Southeast Asia in the coming months which enables company leaders and sellers can continually assess, diagnose and develop the knowledge, skills, and behaviours required to effectively engage customers and drive growth.

Besides MindTickle, other similar platforms in the domain includes Saleshood, Brainshark, Allego, rehearsal, Refract, LearnCore, among others.

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