Two innovative startups, Everstage and Stellapps, have raised significant funding to grow their businesses in sales management software and dairy technology.
Everstage, a sales performance management software provider, has raised $30 million in a Series B round. Eight Roads Ventures led the round, with Elevation Capital and 3one4 Capital also investing. This brings Everstage’s total funding to $45 million.
Founded in 2020 by Siva Rajamani and Vivek Suriyamoorthy, Everstage offers tools for managing sales commissions. Its main product, Crystal, helps sales teams by showing real-time commission forecasts. This allows salespeople to see how much they can earn, which helps reduce uncertainty and keeps them motivated. The new funds will help Everstage improve its products and expand its professional services.
Everstage’s software is popular with companies in technology, manufacturing, and financial services. Big names like GrayTV, Wiley, Trimble, and Paychex use its tools. The company says it grew its revenue by 300% last year. Everstage also recently offered a $600,000 ESOP buyback, giving employees a chance to sell some of their shares.
Stellapps Technologies, a dairy tech company, has raised $26 million in a Series C round. This funding included both equity and debt. Investors included Blume Ventures, Omnivore, the Bill & Melinda Gates Foundation, and Miledeep Capital. DFC provided the debt funding.
Founded in Bengaluru, Stellapps began as a Dairy IoT solutions provider. Now, it has expanded into contract manufacturing with its mooMark brand. This brand focuses on creating value-added dairy products. The funds will help Stellapps expand its product line and grow exports. The company is committed to sustainability and traceability, making sure every product can be tracked from the farm to the customer.
Stellapps works with 3.5 million farmers in 42,000 villages, digitizing 14 million liters of milk daily. It aims to reach Rs 400 crore in revenue in FY25, up from Rs 360 crore in FY24.