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SaaS startup Everstage raises $30 million from Eight Roads Ventures, others

Economic Times

Economic Times · 1y ago

SaaS startup Everstage raises $30 million from Eight Roads Ventures, others

Software-as-a-service (SaaS) startup Everstage has secured $30 million in funding led by Eight Roads Ventures. This brings the total funding for the Delaware and Chennai-based company to $45 million. Everstage offers a platform that automates sales commission processes for businesses, primarily serving publicly-listed companies and large enterprises. The company plans to invest in technology innovation, including AI, and expand its product scope. Everstage has also launched a new feature called the "AI Agent Creation Studio" and will use the funding to further streamline sales operations.

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Related News

Everstage Snags $30 Mn To Automate Sales Commission Processes

Inc42 · 1y ago

Everstage Snags $30 Mn To Automate Sales Commission Processes

Everstage, a commission management platform for enterprises, has raised funding in a round led by Eight Roads Ventures. Existing investors Elevation Capital and 3one4 Capital also participated. The funds will be used for product innovation and enhancing customer services. Everstage's platform helps businesses track their commission earnings. The company was founded in 2020.

Eight Roads scores another multibagger partial exit

VCCircle

VCCircle · 1y ago

Eight Roads scores another multibagger partial exit

Eight Roads Ventures, a global venture capital firm, recently achieved a partial exit from a startup that it had invested in five years ago. This success follows the firm's previous successful investment in Shadowfax earlier this year. As a venture capital firm focused on technology and healthcare investments worldwide, Eight Roads Ventures has a history of identifying promising opportunities and generating significant returns.

ETtech Deals Digest: Startup funding rises 84% on year to $534 million this week

Economic Times

Economic Times · 1y ago

ETtech Deals Digest: Startup funding rises 84% on year to $534 million this week

In the week of October 12 to October 18, startups raised a total of $533.6 million, showing an 84% increase compared to the same period last year. This is over five times more than the previous week's total. Some notable funding rounds include beauty retailer Purplle raising an additional $180 million, executive education startup Eruditus securing $150 million, enterprise tech startup Neuron7.ai raising $44 million, jewellery brand Giva closing a funding round of $30.3 million, and SaaS startup Everstage raising $30 million.

Shadowfax Raises $100 Mn To Expand Its Last Mile Delivery Services

Inc42 · 1y ago

Shadowfax Raises $100 Mn To Expand Its Last Mile Delivery Services

Logistics services startup Shadowfax has raised $100 million in Series E funding led by TPG NewQuest, with participation from existing investors including Flipkart, International Finance Corporation, and Qualcomm. This funding round also allowed Eight Roads Ventures, an early investor in the company, to partially exit. Shadowfax plans to use the capital to strengthen its middle-mile network and expand its last-mile delivery services. The startup, founded in 2015, operates across 15,000 pin codes in India and processes 1.5 million orders per day.

Wint Wealth raises Rs 250 Cr in Series B round

Entrackr

Entrackr · 3d ago

Wint Wealth raises Rs 250 Cr in Series B round

Wint Wealth raises Rs 250 Cr in Series B round Debt investment platform Wint Wealth has raised Rs 250 crore (nearly $28 million) in a Series B funding round led by Vertex Ventures Southeast Asia & India. The round also saw participation from existing investors including Eight Roads Ventures, 3one4 Capital, Arkham Ventures, and Rainmatter. Last month, Entrackr had exclusively reported on the company’s Series B round and valuation. Prior to this round, Wint Wealth had raised about $22 million (Rs 173 crore) from investors including Eight Roads Ventures, Zerodha, 3one4 Capital, and Unitary Fund. The company last raised a $17 million Series A round. The proceeds will be used to scale the platform, expand product offerings, and strengthen its credit and compliance infrastructure. Wint Wealth is also expected to deepen partnerships with issuers and improve distribution of fixed-income products to retail investors. Founded in 2020, Wint Wealth allows retail investors to invest in fixed-income products such as corporate bonds, securitized debt instruments, and non-convertible debentures (NCDs) asset classes that were largely limited to institutional investors earlier. The firm operates as a SEBI-registered Online Bond Platform Provider, enabling individuals to access listed bonds digitally. The Bengaluru-based startup has been focusing on building a transparent and regulated marketplace for debt investments, as more retail investors look beyond equities and mutual funds for stable returns. Wint Wealth is yet to file its FY25 numbers. In FY24, the company posted Rs 17.2 crore operating revenue with a loss of Rs 18 crore. According to data compiled by Entrackr, Indian wealthtech startups raised over $634 million across 51 deals involving 39 startups during 2024 and 2025. However, the sector saw limited large-ticket rounds, with only six deals of $30 million or more.

Peek at Eight Roads' multi-bagger exit from logistics soonicorn Shadowfax

VCCircle

VCCircle · 1y ago

Eight Roads Ventures, a venture capital firm, has achieved significant returns from its partial exit from logistics company Shadowfax. Eight Roads Ventures initially invested in Shadowfax approximately nine years ago and has now sold part of its stake for substantial profits. The VC firm specializes in technology and healthcare investments worldwide and operates in various regions, including China, Japan, Europe, Israel, and the US. This successful exit highlights the potential for high returns in the technology-focused logistics sector.

Warburg Pincus may lead $100-150 million funding round in Saas firm Whatfix

Economic Times

Economic Times · 1y ago

Warburg Pincus may lead $100-150 million funding round in Saas firm Whatfix

Private equity firm Warburg Pincus is reportedly leading a funding round of $100-150 million in software-as-a-service (SaaS) company Whatfix. SoftBank, an existing investor, is also expected to participate. This round will see early investors Helion Venture Partners and Eight Roads Ventures sell some of their shares. The primary capital raise is expected to value Whatfix at $800 million. The company provides a range of services to enhance employee productivity, reduce training expenses, and improve user experience. The funding comes amidst a readjustment in SaaS valuations, with multiples declining to around 10-12 times revenue.

Pascal AI Raises $3.1 Mn From Kalaari, Info Edge Ventures To Automate Investment Research

Inc42 · 4m ago

Pascal AI Raises $3.1 Mn From Kalaari, Info Edge Ventures To Automate Investment Research

Pascal AI, a fintech-focused AI SaaS startup based in Bengaluru, has raised $3.1 million in seed funding. The round was led by Kalaari Capital with participation from Norwest Venture Partners, Info Edge Ventures, and Antler, among others. Pascal AI plans to use the funds to develop autonomous investment research workflows, expand into the U.S. market, and strengthen data partnerships.

Eight Roads Ventures, F-Prime investing $14 mn in Laurus Labs unit

VCCircle

VCCircle · 1y ago

Eight Roads Ventures, F-Prime investing $14 mn in Laurus Labs unit

Indian pharmaceutical company Laurus Labs is securing equity funding of INR 120 crore ($14.2 million) from global venture capital firm Eight Roads Ventures and F-Prime Capital for its biotech unit, Laurus Bio. Laurus Labs will also invest an additional INR 40 crore in the unit. The investment will support Laurus Bio's expansion of fermentation-based manufacturing capabilities and drive growth opportunities in manufacturing and R&D infrastructure. Following the transaction, Laurus Labs, Eight Roads Ventures, and the promoters of Laurus Bio will hold stakes of 75%, 14%, and 9%, respectively. Laurus Labs entered the biotech sector in 2020 through acquiring a majority stake in Richcore Lifesciences, later renamed Laurus Bio.

Warburg Pincus in talks to invest $100-150M in SaaS startup Whatfix: Report

YourStory

YourStory · 1y ago

Warburg Pincus in talks to invest $100-150M in SaaS startup Whatfix: Report

US private equity firm Warburg Pincus is expected to lead a funding round of $100-150m for software-as-a-service (SaaS) company Whatfix, which is backed by SoftBank. The round is also likely to see participation from SoftBank, while existing investors Helion Venture Partners and Eight Roads Ventures will make partial exits. The Bengaluru and US-based firm is reportedly seeking a primary valuation of $800m, with the secondary share sale expected to take place at a discounted rate. Whatfix provides in-app guidance and performance support for web applications and software products.

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