SaaS unicorn LeadSquared targets profitability by FY6, eyes IPO readiness

LeadSquared, a Bengaluru-based SaaS unicorn, is setting its sights on profitability by FY26, despite past challenges stemming from the downturn in the edtech sector. The company also aims to achieve IPO-readiness by the next fiscal year, marking a critical milestone in its growth journey.

In FY24, LeadSquared reported revenue of Rs 279.3 crore, reflecting a modest 9% growth over FY23. However, its net losses widened slightly to Rs 162.2 crore from Rs 161 crore the previous year. Co-founder and COO Prashant Singh attributed past setbacks to heavy reliance on edtech clients and investment in the US market.