Everstage Secures $30M Series B Funding, Plans to Drive R&D and AI Integration

Everstage, a sales performance management software platform serving businesses around the world, has raised $30 million in its Series B funding round, led by Eight Roads Ventures. Existing investors including Elevation Capital and 3one4 Capital also participated, bringing the company’s total funding to $45 million.

In an interview with CNBC-TV18, co-founder and CEO Siva Rajamani shared the company’s ambitious plans for the newly raised funds. “We intend to redouble our R&D efforts,” he said, emphasizing Everstage’s commitment to innovation. “With this fundraising, we also plan to integrate AI into our existing system to improve the workflows of operations and finance teams for our clients, automating a wide range of processes.”

The company has quadrupled its revenue over the past year and expects to grow almost 3x this year. Rajamani attributes much of this success to Everstage’s strong presence in North America, where more than 80% of its revenue originates. Several large clients, including Fortune 1000 companies, rely on the platform, Rajamani added.

In a separate development, Fintech startup BASIC Home Loan, a platform that automates home loans for low- and middle-income households across India, has successfully raised $10.6 million in a Series B funding round.

The round was led by Bertelsmann India Investments, with significant additional backing from Ashish Kacholia, who increased his stake in the company. Existing investors Gruhas, Let’s Venture, 9Unicorns and Venture Catalysts also participated in the round.

Atul Monga, Co-Founder and CEO of BASIC Home Loan, shared the company’s growth strategy after the funding and said, “Today we are present in 30 cities and operate through a hub and spoke model.

Our goal is to reach different parts of the country, so a part of the fund will be used to expand our distribution network,” Monga said. With 15,000 agents and 400 internal employees, BASIC Home Loan has been processing $

5,000 to 6,000 crore monthly home loan applications.

The funds will be channeled to grow the startup’s agent network and expand to additional cities, particularly in tier II and III locations.

A major challenge for BASIC Home Loan has been the lack of availability of tailored credit products for customers who consider themselves part of the informal economy. “Many customers in the market do not have the right product. These clients are not bad but they may belong to the cash income segment or have properties that are not properly verified,” Monga explained.

To address this gap, BASIC Home Loan is working with lenders to create new products and take on balance sheet risks to serve these underserved segments. A portion of the financing will also support the development of these products, allowing the company to better serve those customers who, despite having irregular income streams, are capable of owning a home.

BASIC Home Loan focuses on affordable housing and typically serves clients purchasing homes in the $Range 30-40 lakh. The company’s customer base largely consists of people from tier II and III cities, many of whom work in blue-collar jobs.

“Our typical client is the urban poor or the rural rich. While 70% of our clients are salaried, many earn their income in cash, making them part of the informal economy,” Monga explained. Since its inception, BASIC Home Loan has disbursed more than $1.3 billion in mortgages.

Additionally, Harika Aneja, co-founder of Beauté Secrets, spoke about the company’s future direction following its recent fundraising. The Gurgaon-based beauty tools brand has achieved $1.6 crore from Velocity, a funding platform backed by Peter Thiel’s Valar Ventures. This investment will allow Beauté Secrets to expand its presence on quick-commerce platforms and introduce new products to its portfolio, paving the way for significant growth and innovation.

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