India Deal Monitor: Sequoia leads funding in LambdaTest and more updates

Cloud-based browser testing platform LambdaTest Wednesday announced that it has raised $6 million in a funding round led by Sequoia Capital India’s Surge.

Blume Ventures, Entrée Capital, and Leo Capital also participated in the round, along with Gokul Rajaram and Ramakant Sharma.

Founded in 2017 by Asad Khan and Jay Singh, LambdaTest is a testing infrastructure company that allows developers to test their websites and apps on any browser or operating system environment.

“Our ultimate goal is to bring the whole testing ecosystem to the cloud platform, where all testing processes are done in a seamlessly integrated infrastructure that is easy to scale up and helps for easy application, debugging, and ultimately helping to bring out the best quality products in the shortest amount of time,” said Asad Khan, Co-founder and CEO, LambdaTest.

Since its launch, the company has been used to perform more than 12 million tests by its 350,000 users, including individuals, SMEs and Fortune 500 companies such as Xerox, Cisco, Deloitte, Media.net, Coca-Cola, Trepp, SurveyMonkey, Capgemini, HBR, Dashlane, and Zoho.

The company claims to have seen 8-10 per cent month-on-month growth in terms of sign-ups, customers, website visits, and revenue.

INDIA DEAL MONITOR

Here are prominent venture capital transactions in India from November 26-December 2, 2020.

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