Everstage Raises $13 Million In Series A Funding From Elevation Capital The fund will be utilised to expand the sales, engineering and solution teams to serve the global customer base

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Pexels

Everstage, a SAAS company that provides a modern sales commission management platform, has secured $13 million in Series A funding from Elevation Capital. The funding round also witnessed participation from 3one4 Capital.

"The market need was clear. Customers wanted an "easy to set up and use' product that has high ongoing configurability. Our conviction for disrupting the market has only gone up in the last one year with the amount of customers choosing us," said Siva Rajamani, co-founder and CEO, Everstage.

In just six months, Everstage has grown five times in revenue and six times in customer base. It has customers across four continents and counts companies like Chargebee, Postman, Nitro, Hackerrank and Clevertap as the customers, the company claimed in a statement.

"With ever increasing data on GTM motions, companies are constantly looking to design creative incentive plans to drive sales performance. Everstage allows the companies to design and manage these plans, while ensuring a consumer app like experience," said Akarsh Shrivastava, principal, Elevation Capital.

Founded in 2020 by Siva Rajamani and Vivek Suriyamoorthy, Everstage automates the sales commission processes in companies to drive the performance of their customer executives. It is used by companies in verticals including tech, business services, financial services, health tech and logistics.

Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.
Business News

JPMorgan Shuts Down Internal Message Board Comments After Employees React to Return-to-Office Mandate

Employees were given the option to leave comments about the RTO mandate with their first and last names on display — and they did not hold back.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Growing a Business

Walter Elias Disney

Uncle Walt

Fundraising

These 30 International Entrepreneurs Really Are Solving the World's Problems

The world has countless problems, unless you're an entrepreneur, in which case the world has countless opportunities.

Leadership

From Elite Athletes to Tech Titans — Discover the Surprising $100-Million Habit That Leads to Extraordinary Success

Success comes from mastering focus, eliminating distractions and prioritizing what truly matters.

News and Trends

NeoSapien Secures INR 80 Lakhs on Shark Tank India 4 for AI Wearable

Founded in 2024 by Dhananjay Yadav and Aryan Yadav, NeoSapien aims to integrate AI into daily life through its wearable technology