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Everstage has experienced a fourfold increase in revenue over the last year and anticipates nearly tripling its growth this year.
Existing investors Elevation Capital and 3one4 Capital also participated in the round.
Everstage, a sales performance management software platform serving global enterprises, has raised $30 million in a Series-B funding round led by Eight Roads Ventures, bringing its total funding to $45 million. Existing investors Elevation Capital and 3one4 Capital also participated in the round.
In an interview with CNBC-TV18, Co-founder and CEO Siva Rajamani outlined the company’s plans for the fresh capital, stating, “We intend to double down on our R&D efforts,” while emphasizing the company’s focus on innovation. Rajamani added, “With this fundraise, we also plan to integrate AI into our existing system to enhance operations and finance teams’ workflows for our customers, automating a wide array of processes.”
The company has experienced a fourfold increase in revenue over the last year and anticipates nearly tripling its growth this year. With over 80% of its revenue coming from North America, Rajamani highlighted Everstage’s strong presence in the region, serving several large clients, including Fortune 1000 companies.
Meanwhile, fintech startup BASIC Home Loan, which provides home loan automation for middle and low-income households in India, secured $10.6 million in Series B funding. The round was led by Bertelsmann India Investments, with increased backing from investor Ashish Kacholia and participation from existing investors Gruhas, Let’s Venture, 9Unicorns, and Venture Catalysts.
Co-founder and CEO Atul Monga shared BASIC Home Loan’s post-funding strategy, noting, “Today we are present in 30 cities, operating through a hub-and-spoke model.” The company plans to expand its distribution network to additional cities, focusing on tier II and tier III locations. With a workforce of 400 employees and 15,000 agents, the startup processes home loan applications amounting to ₹5,000-6,000 crore monthly.
A major challenge BASIC Home Loan faces is the lack of suitable loan products for customers within the informal economy. Monga explained, “Many customers in the market don’t have the right product fit. These customers are not bad but may fall in the cash-income segment or have properties that are not properly verified.” The startup is working with lenders to design new financial products and is taking on balance sheet risk to better serve these underserved segments. Additionally, a portion of the funds will be allocated to developing tailored loan solutions for customers with irregular income, enabling more affordable housing options in the ₹30-40 lakh range.
Since its inception, BASIC Home Loan has facilitated over $1.3 billion in mortgage disbursements, with a significant customer base in tier II and tier III cities, primarily comprising individuals working in blue-collar jobs. “Our typical customer is urban poor or rural rich. While 70% of our customers are salaried, many earn their income in cash, which makes them part of the informal economy,” Monga noted.
In a separate development, Beauté Secrets, a Gurgaon-based beauty tools brand, secured ₹1.6 crore in funding from Velocity, a financing platform backed by Peter Thiel’s Valar Ventures. Co-founder Harika Aneja stated that the investment would be used to expand the company’s presence on quick commerce platforms and introduce new products, driving growth and innovation.
