• About
  • Contact
Tuesday, May 17, 2022
  • Login
Next Big Brand
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail
No Result
View All Result
Next Big Brand

Presenting First Unicorn of 2020- HighRadius Raises $125 Mn Funding

Pritish raj by Pritish raj
January 7, 2020
in News, Startup, Tech
Reading Time: 2 mins read
A A
0
Highradius Funding- Next Big Brand

Highradius Funding- Next Big Brand

  • HighRadius announced it has raised $125 Mn Series B funding for expansion. The company was valued at more than $1 billion with this and joins the unicorn club.

Hyderabad and Houston-headquartered SaaS company HighRadius announced it has raised $125 Mn Series B funding for expansion. The company was valued at more than $1 billion with this and joins the unicorn club.

With the involvement of existing investors Susquehanna Growth Equity and Citi Ventures, ICONIQ Capital led the funding round. With this, HighRadius ‘ total funding is $175 million. One of the most interesting parts of this unicorn club entry is that for 11 years HighRadius bootstrapped and received money for the first time in 2017.

Two Indian SaaS companies–Icertis and Druva –joined the unicorn group in 2019, but when they became unicorns, their funding stage was over Series C. Hence, HighRadius ‘ feat is a fantastic one with enormous international success.

HighRadius was created by Sashi Narahari in 2006 to automate payments and receivables. It describes itself as a “SaaS provider for integrated receivables such as credit, cash processing, EIPP, collections, deductions, and payments.” The funds will be used by HighRadius to support product growth and expansion.

The company claims to have over 400 clients, including over 200 from the Forbes Global 2000, such as Target, Adidas, and Procter & Gamble. The company claims that HighRadius AI automates and strengthens financial processes by ongoing learning and analytical analytics, and even offers a virtual assistant to simplify your daily operations.

It says that in transactions, HighRadius AI processed more than $1.3 Tn. It has more than 1,000 employees spread across Houston, India (its second headquarters), Amsterdam, and London offices. The business also works on the administration of the treasury.

Highradius CEO- Next Big Brand
Sashi Narahari, CEO Highradius. Source- (@highradius Twitter Handle)

Powered for order-to-cash teams by the Rivana Artificial Intelligence Engine and Freeda Virtual Assistant, HighRadius enables teams to use machine learning to predict future outcomes and automate labor-intensive routine tasks. The radiusOne B2B payment network helps suppliers to connect directly to customers, closing the gap to buyer payable processes from supplier receivable processes.

Will Griffith, ICONIQ Capital’s partner, said, “The HighRadius platform is changing the game for CFOs and finance departments, and the company has earned tremendous customer loyalty by enabling receivables and treasury teams to perform more efficiently and effectively and delivering mission-critical ROI.

” HighRadius ‘ ARR is reportedly growing around 70-75 percent Y-o-Y. The company has reportedly been profitable and is still “mostly” in “growth” mode, so profitability is less of an immediate goal.

Previous Post

Tata Motors Ended 2019 With Zero Nano Car Produced

Next Post

Xiaomi Products and Smartphones, For a Better Lifestyle

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Smytten Founders
News

D2C Sampling Startup Smytten Raises Rs 100 Crore in Pre-Series B Led By Fireside Ventures

May 17, 2022
paytm mall
News

Jack Ma Exits Paytm Mall, Sells 43% For Rs 42 Crore Valuation Down To Rs 100 Crore

May 17, 2022
Zerodha Team
News

After Meesho, Nearly 950 of Zerodha’s 1100 Employees Will Work From Home Permanently

May 16, 2022
Elon Musk Twitter
News

Elon Musk Puts On Hold $44 Billion Twitter Acquisition Deal

May 13, 2022
Dineout Founders
Food

Swiggy Acquires Times Internet Backed Dineout For $200 Million

May 13, 2022
Ather Founder
News

Ather Energy Raises $128 Million Investment Led By Hero MotoCorp, India’s Sovereign Wealth Fund

May 12, 2022
Next Post
Xiaomi Products and Smartphones, For a Better Lifestyle

Xiaomi Products and Smartphones, For a Better Lifestyle

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

BROWSE BY TOPICS

Acquiring amazon Apple brand story BYJU Ravindran Byjus byjus news byjus the learning app Cryptocurrency Edtech Startups Elon Musk facebook fintech news Flipkart funding Good Glamm Group google Indian OTT Platforms Indian Unicorn Indian Unicorns Indian Unicorns of 2021 Mukesh Ambani Netflix NFT NFT Collection Non Fungible Tokens OYO Paytm Reliance Retail Startup Acquisition Startup IPO startup news india Startups startups in india Swiggy Tiktok TikTok India Twitter Unicorns of 2022 Unicorns of India Unicorn Startups Upgrad YouTube Zomato Zomato App

Instagram

Follow Me!

Recent News

  • D2C Sampling Startup Smytten Raises Rs 100 Crore in Pre-Series B Led By Fireside Ventures
  • Jack Ma Exits Paytm Mall, Sells 43% For Rs 42 Crore Valuation Down To Rs 100 Crore
  • After Meesho, Nearly 950 of Zerodha’s 1100 Employees Will Work From Home Permanently

Latest News

Smytten Founders

D2C Sampling Startup Smytten Raises Rs 100 Crore in Pre-Series B Led By Fireside Ventures

May 17, 2022
paytm mall

Jack Ma Exits Paytm Mall, Sells 43% For Rs 42 Crore Valuation Down To Rs 100 Crore

May 17, 2022
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Marketing
  • Tech
  • Insight
  • Interviews
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • CRYPTOCURRENCY
  • Retail

© 2019 NBB. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.