BUSINESS DESK: India’s new global tech unicorn, LeadSquared, has selected Victoria as the base to build its Oceania headquarters for Australia, New Zealand and the Pacific Island Nations.
Founded by Nilesh Patel, Prashant Singh, and Sudhakar Gorti in 2011, LeadSquared is India’s leading Software as a Service (SaaS) platform. It is a recognised leader in end-to-end sales, marketing, and onboarding automation solutions. It raised over $220 million in its series-C round to achieve its unicorn status, pushing its valuation past $1.3 billion.
Raghvendra Tripathi, SVP – APAC, LeadSquared said: “We are excited to be expanding into Australia and New Zealand with great support from the Victorian government. As we expand internationally, Melbourne’s innovation culture, technology infrastructure and talent will play a key role in supporting our efforts, not just from a market expansion perspective in the Oceania and APAC region, but also in leading our Go-to-market training efforts globally.”
The Bengaluru-based firm has more than 1,000 staff with operations in India, the US, Singapore, the Middle East and South Africa. It has clients including global Edtech companies such as Byju’s, Unacademy, Cuemath and UpGrad.
This move is supported by the Andrews Labor Government, as a LeadSquared headquarter and global training hub in Melbourne will bring new job opportunities for local university graduates.
Victoria’s Minister for Economic Development Tim Pallas said: “The arrival of LeadSquared builds our tech excellence and provides terrific new jobs. Tens of thousands of Victorians do great things in tech every day and it’s vital that we continue to grow and create opportunities for the coders, engineers and developers of the future.”
In Melbourne, LeadSquared staff will focus on sales, marketing, engineering, and servicing. Further, Melbourne will be its global hub for all training needs and the company is looking to partner with a Victorian university to deliver its training program.
On creating Oceania headquarters in Melbourne, LeadSquared CEO Nilesh Patel said: “Melbourne’s innovation culture, technology infrastructure and talent will play a key role in supporting our global expansion efforts in the region and will also lead in our go-to-market training efforts globally.”
Victoria’s tech sector contributes more than $38 billion to the economy annually and supports almost 140,000 workers across 20,000 businesses. (The Australia Today)
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