SaaS startup MindTickle is close to concluding a $100 million funding round from tech-focussed investors SoftBank Vision Fund, which will likely take the former's valuation to $1.1 billion.
With this deal, MindTickle will be the latest entrant to the coveted unicorn club of private companies with a valuation of more than a billion dollars.
A total of 16 startups gained unicorn status in 2021, taking India's tally to 50, and with MindTickle's addition, the number will go up to 17 so far this year.
Qualcomm Ventures, Canaan, Norwest Venture Partners, and NewView Capital are among MindTickle's investors.
The company, which initially serviced mid-size and large corporations in the tech domain, now boasts of clients across industries such as pharma, oil and gas, financial services, and medical devices.