SaaS Unicorn Icertis Eyes $50 Mn Fundraise

SaaS unicorn Icertis is looking to raise $50 Mn (around INR 431.8 Cr) in an equity funding round.

As per a Form D filed by the startup with the US Securities and Exchange Commission (SEC), the round will see participation from five investors. 

While it didn’t disclose the name of the investors, it was reported that last year that Icertis was looking for a $150 Mn secondary sale, which would see SoftBank increase its stake in the startup.

As per the Form D, the date of first sale for the investment was March 4. This represents the date on…