India Dealbook: Stakeboat backs LeadSquared; PublicVibe, My Mobiforce raise funds

In the latest funding deals, LeadSquared has secured $3 million in a Series A round from Stakeboat Capital, while My Mobiforce has raised $200,000. Separately, PublicVibe has raised an undisclosed amount in a funding round led by the Indian Angel Network.

Stakeboat invests in LeadSquared

Bangalore-based sales execution, automation and predictive analytics platform LeadSquared has secured $3 million in a Series A funding round from Stakeboat Capital.

Jyoti Bansal, an existing investor in the company, and the founder of AppDynamics and Harness.io, also participated in this round, the startup said in a statement.

LeadSquared said, it plans to utilise the funds to expand operations and for customer acquisition.

My Mobiforce gets angel funding

Noida-based crowdsourcing platform My Mobiforce has raised $200,000 funding from angel investors including US-based Arpan Prakash and Sanjiv Mital, CEO of the National Institute of Smart Government (NISG).

The funds will be utilised for aggregation of a strong talent pool to serve brands looking for services in areas of IT, telecommunications, logistics, networking, installation and repair, hospitality, and field service.

Founded in 2017, My Mobiforce also plans to grow its sales team to add more enterprises and SMB clients to increase the service transactions number from 15,000 to 45,000 per month in the next six months.

IAN invests in PublicVibe

Hyderabad-based vernacular hyperlocal news platform PublicVibe has raised an undisclosed amount in a funding round led by the Indian Angel Network, IAN said in a statement.

Anthill Ventures and Hyderabad Angels also took part in the round. IAN investors Bikky Khosla and Prashant Pahade have joined the board of PublicVibe as part of the investment, the statement added.

PublicVibe plans to use the funding proceeds to scale in three more vernacular languages and to optimise its AI technological infrastructure.