SirionLabs raises $12 mn in Series B round

To utilise proceeds for 'next phase of innovation and exponential growth'

SirionLabs, a Gurgaon-based SaaS company, announced that it had raised $12.25 million in series B funding by Sequoia India, QualGro ASEAN Fund and Canopy Ventures. Sanish Mondkar, former executive vice president and chief product officer at SAP, joined its board.

The company said that the funding will help the company “embark on the next phase of innovation and exponential growth.”

“SirionLabs has created a platform to manage strategic services engagements at large corporations. The product-market fit has gotten strongly validated since Sequoia’s Series A investment. We have been positively surprised by the scale of Sirion’s impact in their enterprise customers and are excited to continue to back Ajay and team to take SirionLabs to the next level”, said Shailendra Singh, Managing Director, Sequoia Capital India Advisors.