The India and Singapore-based firm will deploy funds to acquire talent, further strengthen the product, and create more penetration in North America, the company said in a prepared statement on Tuesday.
Founded in 2021 by Apoorva Singh and Kartik Arora, ElevateHQ helps companies motivate their sales teams and drive performance through its sales commission automation platform.
“Our product eliminates the serious work, ambiguity and errors associated with manual commission calculations, and allows businesses to use incentives as a sales enabler rather than a task. Our goal is simple, we make sales transparent. , want to normalize real-time commissioning teams,” Singh said in the statement.
ElevateHQ focuses on serving diverse customers by enabling them to mature into a wide range of product commissioning plans, team sizes and structures. “Today, you can automate any commission rule under Sun using our no-code commission builder,” Singh said.
Next year, ElevateHQ plans to capitalize on this strength and grow its customer base 10X.
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“Sales enabling tools are becoming increasingly popular around the world, and sales commissions are becoming an essential component of this stack. ElevateHQ is uniquely positioned to serve global customers,” said Dinesh Singh, Partner, Leo Capital. Said
The platform has dozens of customers in the United States, Europe and Asia. It has automated sales commissions in industries including insurance, pharma, education, services and software-as-a-service (SaaS).
Some of ElevateHQ’s customers include Airmeet, Edgepetrol, Mercer-Mettl, LeverageEdu, Vymo, FreshConsulting, Horangi and ESCO.