India Deal Monitor: Accel leads $4.2m funding in Slintel and more updates

Slintel, an intent-powered sales and marketing intelligence platform, has raised $4.2 million in a funding round led by Accel, with participation from Sequoia Capital India and existing investor Stellaris Venture Partners, per an announcement.

The financing comes less than a year after the company secured funding from Stellaris Venture Partners and Powerhouse Ventures.

“The new investment will enable us to double down on our vision of helping sales and marketing teams find buyers that are most likely to engage with them. The investment from this round will be used to strengthen the product and capture market share aggressively, given the velocity at which we have been able to add customers over the last year,” Deepak Anchala, CEO and founder at Slintel said.

Founded by Anchala and Rahul Bhattacharya, Slintel helps customers discover and connect with active, high-intent buyers in their market and evaluates billions of data points to derive actionable insights about their target accounts. The company has built a robust engine that captures buyer intent signals at scale and uses predictive algorithms to determine the purchase decisions of prospects.

The startup claims to have over a hundred customers across North America, South America, Europe and Asia-Pacific regions.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India from October 19-21, 2020.

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