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.
|Startup||Headquarter||Investment Size (USD)||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry||Verticals|
|LambdaTest||San Francisco||6 million||-||Sequoia Capital India’s Surge||Blume Ventures, Entrée Capital, Leo Capital, Gokul Rajaram, Ramakant Sharma||IT Infrastructure||Cloud Computing|
|Signzy||Bengaluru||3 million||-||Vertex Ventures||-||Software||FinTech|
|Aampe||US/Singapore||1.8 million||-||Sequoia Capital India's Surge||-||Software||SaaS|
|SAWO Labs||Mumbai||745257||Seed||StartupXseed||-||Information Services||SaaS|
|Kaagaz Scanner||Gurugram||575000||-||Pravega Ventures, Axilor Ventures, Better Capital||Phanindra Sama, Farooq Adam||Consumer Services||AI and Machine Learning|
|NeoDocs||Mumbai||-||Pre-Seed||9Unicorns||Dr. Rohit Srivastava, Hemanshu Jain||Healthcare Services||HealthTech|
|Habitat||Bengaluru||676700||Seed||Unitus Ventures, Whiteboard Capital||-||Education/Training||EdTech|
|Vistaar Finance||Bengaluru||30 million||Debt||FMO||-||Financial Services||Fintech Lending|
|CRED||Bengaluru||80 million||-||DST Global||Sequoia Capital, Ribbit Capital, Tiger Global||Financial Services||Fintech|
|Prescinto||Ahmedabad||-||Seed||Venture Catalysts||Rohit Chanana||Software||Internet of Things|
|Toppeq||Mumbai||-||Seed||-||Vaillant Capital Partners, Kunal Bajaj||Financial Services||SaaS|
|Codingal Education||Bengaluru||560000||Seed||Rebright Partners, Java Capital, GSF Accelerator||-||Education/Training||EdTech|
|Raskik||-||1 million||Pre-Series A||Venture Catalysts, 9Unicorns||Syed Safawi, Kunal Bahl, Rohit Bansal, Santosh Desai, Amit Jain, Neeraj Mutha, EvolvX Advisory LLP||Food||-|
|Eightfold AI||Noida||125 million||Series D||General Catalyst||Capital One Ventures, Foundation Capital, IVP, Lightspeed Venture Partners||Software||AI and Machine Learning|
|Kyt||Bengaluru||2.5 million||-||Sequoia Capital India’s Surge||Titan Capital, Kunal Shah, Amrish Rau, Jitender Gupta, Allen Penn, Martin Li||Education/Training||EdTech|
|Let’s Dive||California||1.7 million||-||Sequoia Capital India’s Surge||Village Global, Akhil Paul, Anand Chandrasekaran, Job Van, OnDeck, Ravish Naresh, Sai Srinivas, Sunita Mohanty, Utsav Somani, Zvi Band||Software||SaaS|
|Pravasi Rojgar||-||34 million||-||GoodWorker||-||Internet||HR Tech|
|Awign||Bengaluru||-||Pre-Series B||-||Michael and Susan Dell Foundation, Unitus Ventures, Eagle10 Ventures||Outsourcing||HR Tech|
|Mobile Premier League||Bengaluru||500000||Series B||Ritesh Agarwal’s RA MPL Holding||-||Travel & Leisure||eSports|