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Slintel raises $20 million in funding round led by GGV Capital

Bengaluru: Slintel, a startup that builds sales intelligence platforms for enterprises, has announced the close of its $20 million Series A funding round, led by GGV Capital. Existing investors , Sequoia Capital India and Stellaris Venture Partners also participated in the round.

The Mountain View, California-based startup has seen 5X growth in both revenue as well as customer base over the last 12 months due to the Covid-19 pandemic, it said in a statement on Thursday. The company is focused on winning customers in the enterprise software, pharmaceuticals, education, and gaming sectors.

“We look forward to deepening our solution to power use cases across different go-to-market functions,” said Deepak Anchala, founder and chief executive, Slintel.

Hans Tung and Madhu Yalamarthi from GGV Capital will join Slintel’s board of directors.

“With the global pandemic completely changing the way companies operate, B2B transactions have gone more digital than ever before,” said Tung, who is managing partner at GGV Capital. “Inside sales teams are closing high-value, multi-million-dollar deals while working remotely, and products like Slintel are enabling companies to do this.”

Slintel gives customers information about upcoming contract renewals, companies that show signs of buying their products online, or companies that use products of their competitors. The startup said it captures 100 million data points each week to build sales recommendations for its customers.

“Slintel has one of the best GTM engines that we’ve seen in any startup, and the consistency with which the team has been able to deliver on their growth targets is commendable,” said Prayank Swaroop, partner at Accel. “We’re looking at a company that’s changing the marketing and sales intelligence sphere as we know it.”

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