Saas Labs, which builds business automation tools for sales and support teams worldwide, has raised $42 million in Series B funding led by Sequoia Capital India with existing investors, Base 10 Partners and Eight Roads Ventures.

The round also saw prominent Silicon Valley angel investors such as Amit Agarwal, Allison Pickens, Anand Chandrasekaran, and Michael Stoppelman. The company plans to use the funds raised on R&D to develop new products for its global users, as well as to scale newly-launched products.

• What is Stock Order : Types, Differences & How Order Works
• India’s Business Activity Hits 3-Month High in Nov Amid Rising Costs
• Trudeau to Cut Sales Tax and Send Checks to Canadians Ahead of Election
• Ashwini Vaishnaw Encourages German Companies to Invest in India
• Flipkart Appoints Dan Bartlett to Board

“Excited to partner with Sequoia Capital India to accelerate our growth. While we are well-capitalized, this round gives us the firepower needed to double down on what’s working, hire great talent globally, launch innovative products, focus on brand marketing and get aggressive with strategic M&As. As SMBs will continue to adopt software to modernise different functions like sales, support, and marketing, etc. within their business, we are confident that SaaS Labs will be able to capture that opportunity and grow 30x in the coming 5-7 years.” said Gaurav Sharma, founder & CEO, SaaS Labs.