Mindtickle raises $100 million from SoftBank valued at $1.2 billion

Software as a service (SaaS) firm Mindtickle said it has raised $100 million in its Series E round of funding led by Japanese investment giant SoftBank, at a valuation of $1.2 billion, making it the latest member of the coveted unicorn club, a term referring to privately-funded companies with a valuation of over a billon dollars.

Pune and San Francisco-based Mindtickle, founded in 2011 by Krishna Depura, Mohit Garg, Deepak Diwakar and Nishant Mungali, helps companies build sales capabilities including training, onboarding, working on each aspect of sales, practising and improving it using technology.

It is the 20th unicorn to emerge from India this year, as the funding momentum continues unabated, in the Indian startup ecosystem.

The company said sales enablement technologies are projected to grow to $4.23 billion by 2027, and the conversation intelligence market will reach $13 billion by 2025.