"The fresh capital will be used to accelerate our global outreach and fuel investments into research and innovation portfolio," the company said in a statement, without disclosing details of the stake to be held by the venture capital fund.
The company, which provides customer relationship solutions, aspires to be among the top five globally in the CRM space and the funding will accelerate the process of reaching the ambition, it said.
"Even though we are a very profitable business, this funding will enable us to fuel investments into our research and innovation initiatives," chief executive Nishant Singh said.