Apollo to invest over 30 million USD in India

Apollo has planned to invest over USD 30 million in India over the next two years. As a part of its recent series-C funding of USD 110 million (about Rs 852 crore) led by Sequoia.

Apollo has planned to invest over USD 30 million in India over the next two years. As a part of its recent series-C funding of USD 110 million (about Rs 852 crore) led by Sequoia.

The B2B sales intelligence and engagement platform Apollo announced its first office space in India, which will be located in Bengaluru India .

The key focus for their current planning is to hire R&D team. The company is expected to d to hire over 100 research engineers for their vision.

Apollo Co-Founder and CEO Tim Zheng said in a statement. “Our recent Series C funding has enabled us to expand our footprint in India with our first R&D office space set to be located at Bengaluru after having worked remotely through the pandemic. ‘We look forward to scaling our India team rapidly. It will play an important role in bolstering our core R&D team, our business growth and global expansion.”

Apollo raised $32 million in a Series B investment round led by Tribe Capital. With NewView Capital and current investor Nexus Venture Partners also participating.

The company claims to have grown its user base by more than 200 per cent in the last 12 months.

This statistics has leading up the fundraisers to remain invested and the company has remained profitable for more than 18months now.

Apollo claims to have over 16000 global clients.

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