Blume Ventures, Leo Capital invest $2 mn in SaaS startup LambdaTest

Blume Ventures, Leo Capital invest $2 mn in SaaS startup LambdaTest
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11 Nov, 2019

San Francisco headquartered cloud-based testing platform LambdaTest has raised a $2 million in a second seed funding round led by Blume Ventures. Existing investor Leo Capital participated in the round.

Leo Capital, a New Delhi based venture capital firm, had invested $1 million in the company in December last year, in an earlier seed round. It also raised $0.4 million from Kapil Tyagi, co-founder and chief product officer, Edureka; Lovleen Bhatia, co-founder and chief executive officer, Edureka; and Ramakant Sharma, co-founder of Livspace, in January 2018, according to data compiled by VCCEdge. 

Lambda Computing, the company that owns LambdaTest, will use the capital raised in the current round to hire new talent, enhance its existing technology infrastructure, introduce new features and expand its market, the company said in a statement.

Founded in 2017 by Asad Khan and Jay Singh, LambdaTest is a free, online cross-browser testing tool. It offers compatibility testing, testing on the latest desktop browsers, mobile devices testing, automated screenshots, responsiveness, collaboration and testing, visual regression testing and resolution display testing.  The company said that it offers users instant access to over 2000 different mobile and desktop browsers and operating system (OS) combinations.

Khan and Singh both founded their own technology companies before teaming up to start LambdaTest. Khan bootstrapped independent testing services company 360Logica, which was acquired by Saksoft in 2014. Singh sold BusinessMojos Services to Chicago-based DAMO Consulting in 2016.

"Our mission from the start has been to make a seamless and easy to use testing platform for web developers, testers, and others. This update only validates our efforts and motivates us to keep working on new features and providing excellent support to our customers,” Singh said.

LambdaTest claims to have acquired over 110,000 active users from across 130 countries. The company is also offering a try-before-buy version of its automation feature where users can test drive the tool for 200 minutes. The unlimited access to run automation tests is priced at $79 per month, on a subscription basis.

“At Blume ventures, we were actively looking to partner with a deep-tech, software-as-a-services (SaaS) platform as the industry is witnessing rapid growth. LambdaTest in just two years has done an amazing job in the cross-browser testing and automation testing space...” Sanjay Nath, co-founder and managing partner of the Mumbai-based venture capital firm said.