Siva Rajamani (Everstage)
Overview
Siva Rajamani is an influential entrepreneur and the co-founder and CEO of Everstage, a modern sales commission management platform. Everstage, headquartered in Delaware, USA, and Chennai, India, provides a comprehensive solution for automating sales commission processes, enhancing transparency and motivation among sales teams. Under Rajamani's leadership, Everstage has raised significant funding rounds, demonstrating rapid growth and adaptability in the competitive SaaS landscape. His previous experience includes leading global revenue operations at Freshworks, where he was instrumental in scaling the GTM (go-to-market) engine significantly. Rajamani's vision has been pivotal in Everstage's evolution as a leader in the sales performance management sector.
Recent Developments
In the past two years, Siva Rajamani and Everstage have had several significant milestones:
- 2024: Everstage secured $30 million in a Series B funding round led by Eight Roads Ventures with participation from existing investors including Elevation Capital and 3one4 Capital. This funding round has brought Everstage’s total funding to $45 million. The funds are allocated towards deepening research and development, expanding global presence, and professional services enhancement.
- Development of New AI Features: Everstage is launching an AI Agent Creation Studio, aimed at empowering revenue operations professionals to build AI-driven assistants for tasks like performance analysis and planning, enhancing operational efficiencies within client organizations.
- Employee Initiatives: The company announced a significant Employee Stock Ownership Plan (ESOP) buyback worth ₹5 crore to acknowledge and reward its early employees.
- Market Performance: Everstage has reported a year-on-year revenue growth of 300%, with substantial traction in North America where over 80% of its revenue is generated.
- Recognition and Awards: The company has been consistently rated highly on platforms like G2 and Gartner, earning accolades for its innovation and customer satisfaction in sales performance management.
Personal Information
| Attribute | Information |
|---|---|
| Full Name | Siva Rajamani |
| Born | Not publicly available |
| Nationality | Indian |
| Occupation | Entrepreneur, CEO of Everstage |
| Known For | Co-founding Everstage, Sales Management Innovation |
| Education | Indian School of Business |
Early Life and Education
Siva Rajamani's early life and educational background significantly shaped his entrepreneurial vision. Though specific details about his childhood are limited, it is known that he pursued higher education at the Indian School of Business, a critical step that equipped him with the skills needed for leadership in the tech industry. Rajamani's career path began in management consulting with firms like PriceWaterhouseCoopers and Ernst & Young, where he gained extensive experience in business strategy and revenue operations. This diverse professional background provided him with deep insights into revenue operations and sales management, directly influencing his subsequent entrepreneurial ventures, including the founding of Everstage.
Career and Notable Achievements
- Freshworks: Before founding Everstage, Rajamani played a pivotal role at Freshworks as the Head of Global Revenue Operations. During his tenure, he was instrumental in scaling the annual recurring revenue from $30 million to $300 million.
- Everstage Founding (2020): Along with Vivek Suriyamoorthy, Rajamani founded Everstage to solve complex issues in sales commissions. The platform quickly gained popularity for its innovative no-code approach and ease of integration, which allowed operations teams to automate complex commission management processes effectively.
- Funding and Growth: Under his leadership, Everstage successfully raised initial seed funding of $1.7 million followed by a Series A round of $13 million. The company has expanded rapidly, attracting recognition from major enterprises worldwide.
- Recognition in Tech Industry: Everstage has been featured in prominent tech market insights platforms such as Gartner and G2 for its leading role in transforming sales performance management.
Current Work and Impact
Currently, Siva Rajamani continues to propel Everstage towards further innovation in the SaaS industry. As CEO, he is focused on expanding Everstage’s product offerings, continuing to integrate AI into the platform to enhance client services, and making Everstage a leader in the global sales management market. His strategic vision ensures that Everstage remains at the forefront of technological advancements that simplify and enhance sales commission management, making the platform invaluable for enterprises.
Everstage Careers
Everstage offers a dynamic work environment with opportunities for career growth and advancement. The company values innovation and excellence, fostering a culture of transparency and teamwork. Job seekers interested in joining the team may highlight relevant experiences in SaaS, sales management, and technology integration when applying.
Everstage Funding
Everstage has raised a total of $45 million to date, with its most recent Series B funding round led by Eight Roads Ventures. The influx of capital is directed towards scaling the company’s operations, enhancing product features, and expanding its professional services team to ensure client success.
Conclusion
Siva Rajamani's journey from a seasoned revenue operations leader at Freshworks to a pioneering entrepreneur with Everstage underscores his profound impact on the sales performance management industry. His strategic foresight and dedication to innovation have established Everstage as a prominent platform in the SaaS sector. As Rajamani continues to lead the company into new avenues of growth and technological advancement, his contributions are set to shape the future of sales management solutions worldwide.