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SaaS Startup Rocketlane Raises $60 Million Series C from Insight Partners

By , Funding & Deals Editor6 min read
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Rocketlane SaaS startup raises $60 million Series C from Insight Partners

Chennai-based B2B SaaS company Rocketlane has secured $60 million in Series C funding led by Insight Partners to scale its AI-powered professional services automation platform Nitro.

Key Facts

Key facts: SaaS Startup Rocketlane Raises $60 Million Series C from Insight Partners
DetailValue
Deal size$60 M
StageSeries C
Valuation$100 billion
Lead investorInsight Partners
HeadquartersBengaluru, India
SectorRocketlane

Rocketlane, a Chennai-based B2B SaaS startup, has raised $60 million in Series C funding led by Insight Partners, bringing its total funding to $105 million.


Deal Highlights


Key Details:

  • $60 million Series C led by Insight Partners
  • Total funding now at $105 million
  • AI-powered Professional Services Automation (PSA) platform
  • Founded by Srikrishnan Ganesan, Vignesh Girishankar, and Deepak B

  • What Rocketlane Does


    Rocketlane provides software that helps businesses manage client projects by combining:

  • Project management and resource planning
  • Customer onboarding automation
  • Time tracking and billing
  • Client collaboration portals

  • The Nitro AI Platform


    The fresh capital will fuel development of Nitro, Rocketlane's AI-powered execution platform:

  • Automated project planning and resource allocation
  • Predictive analytics for project timelines and risks
  • AI-generated status updates and client communications
  • Smart workflow automation reducing manual effort by 40%

  • Growth Trajectory


    Rocketlane has demonstrated strong growth metrics:

  • Revenue growing 2.5x year-over-year
  • Serving 500+ enterprise customers globally
  • Expanding presence in North America and Europe
  • Planning to double team size over the next 18 months

  • Indian SaaS Momentum


    This raise reinforces India's position as a global SaaS powerhouse:

  • Indian SaaS companies collectively valued at $100 billion+
  • B2B SaaS seeing sustained investor interest despite market correction
  • Chennai emerging as a key SaaS hub alongside Bengaluru
  • rocketlanesaasseries cinsight partnersb2bprofessional servicesai platform

    Reported by Rohit Menon. Spotted an error in this story? Request a correction or email corrections@startupory.com. See our editorial policy.

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