Client Success Story

How GrowthSpree Built Protean an Integrated ABM + Performance Marketing Engine

A leading digital solutions innovator needed to scale lead generation across five enterprise product lines — E-sign Pro, ONDC, Vidyasaarathi, Rise, and CKYC — while reaching senior decision-makers in BFSI, education CSR, and financial services. A dual-engine program combining Account-Based Marketing with multi-channel performance marketing reached 10,360+ companies, surfaced 422 interested conversations, converted 68 manual hot leads, and added 650 paid leads with 35 MQLs across Meta, Google, and LinkedIn.

10,360+
Companies Reached via ABM
422
Interested ABM Replies
650
Paid Leads + 35 MQLs
Protean logo
Protean
Digital solutions for BFSI, education CSR & enterprise digital infrastructure
Founded
1995
Headquarters
Mumbai, India
Company Size
501–1,000 employees
Sector
Digital Infrastructure SaaS
Case Study at a Glance

Key Takeaways

GrowthSpree partnered with Protean to build a dual-engine acquisition program — Account-Based Marketing for high-value enterprise reach, plus multi-channel performance marketing for cost-efficient scale. The two motions ran in parallel, with insights from one feeding the targeting of the other.

  • 10,360+ unique companies reached across 4 ABM product lines — E-sign Pro, ONDC, Vidyasaarathi, Rise.
  • 422 interested ABM replies + 68 manual hot leads across BFSI, CSR, education, and tech.
  • E-sign Pro led ABM volume: 5,920 companies engaged with 189 interested replies — the highest of any product.
  • Vidyasaarathi led ABM quality: 23 manual hot leads from 1,644 companies — the highest hot-lead conversion.
  • 650 paid leads at ~₹692 blended CPL with Meta hitting the program-low CPL of ₹285.71.
  • 35 performance MQLs across Meta, Google, and LinkedIn — Meta most efficient at ₹8,000 cost/MQL.

The Mission

Protean is a 30-year-old leader in digital solutions, building enterprise-grade infrastructure for India's largest BFSI, government, and education ecosystems. Its product suite — E-sign Pro (e-signature), Rise (pension platform), ONDC (Open Network for Digital Commerce integration), Vidyasaarathi (education CSR funding), and CKYC (Central KYC repository) — spans high-value verticals where the buyer is a senior executive at a bank, government body, or large enterprise. The 2024–2025 mission: scale lead generation across all of them simultaneously, without losing lead quality or letting CPL drift upward.

The Challenge

Four product lines. Four distinct buyer personas. Multiple regulated industries. The challenge wasn't generating leads — it was generating the right leads, for the right product, at the right stage of the funnel, without confusing the market or burning budget on misaligned spend. A purely performance-marketing approach would have driven volume but missed enterprise decision-makers. A purely ABM approach would have surfaced quality but lacked scale. The answer had to be both — running in parallel, sharing intelligence, and reinforcing each other.

What We Were Up Against

Four buyer personas in parallel: BFSI execs, education CSR teams, ONDC sellers, and tech leaders all need different messaging.
Regulated, enterprise-grade buyers: BFSI and government decision-makers don't convert from cold ads alone — they need warmed, personalized outreach.
Volume vs quality tension: performance marketing alone would skew toward cost-efficient noise; ABM alone wouldn't scale.
Multi-product spend allocation: deciding which product gets which budget, which channel, and which audience cluster is a recurring decision.
LinkedIn CTR gravity: reaching enterprise on LinkedIn is necessary, but CTR floors are stubborn without strong creative differentiation.
Follow-up bottlenecks: high-intent leads need to be contacted in hours, not days — system delays cost real opportunities.

Our Strategy

We built a dual-engine program where Account-Based Marketing and multi-channel performance marketing ran in parallel — each playing the funnel role it was designed for, and each feeding intelligence to the other. ABM owned enterprise relationships; performance marketing owned scale; and the integration between the two became the program's compounding edge.

1

Increase lead generation for high-value products: E-sign Pro, ONDC, Rise, and Vidyasaarathi.

2

Optimize lead generation efficiency across both ABM and performance marketing through sharper targeting.

3

Boost lead quality by leveraging ABM for personalized outreach to enterprise decision-makers.

4

Combine the two motions — ABM insights feed paid targeting; paid retargeting captures ABM interest.

The GrowthSpree Integrated Framework

ABM as the enterprise engagement engine. We targeted high-value accounts in education, CSR, financial services, and technology with custom-tailored messaging — Vidyasaarathi for CSR and education buyers, ONDC for sellers and buyers in the digital commerce network, E-sign Pro and Rise for senior executives in BFSI and tech. Across all four products, ABM reached 10,360+ unique companies and surfaced 422 interested replies plus 68 manual hot leads.

Performance marketing as the scale layer. Meta drove volume at the lowest CPL (₹285.71) across 420 leads — especially strong for ONDC and Rise. Google handled bottom-of-funnel intent capture for E-sign Pro with long-tail keyword targeting. LinkedIn carried enterprise-grade MQL generation for E-sign Pro and Rise — higher CPL but higher conversion quality.

The integration loop. Insights from ABM interactions refined paid ad targeting; paid retargeting captured ABM-interested prospects who didn't reply on the first touch. The two motions weren't separate budgets — they were halves of one engine.

How GrowthSpree Saved the Day

Account-Based Marketing · Enterprise Engagement

Personalized outreach to 10,360+ companies across 4 product lines — Vidyasaarathi (education CSR), ONDC (digital commerce), E-sign Pro (BFSI/tech), Rise (BFSI). Custom-tailored messaging by product and persona surfaced 422 interested replies + 68 hot leads.

422 Interested Replies
Cross-Product ABM Reach

Performance Marketing · Multi-Channel Scale

Meta for volume (420 leads at ₹285 CPL — lowest of the program), Google for intent (E-sign Pro long-tail keywords), LinkedIn for enterprise MQLs (Rise + E-sign Pro). ₹450K total spend produced 650 leads and 35 MQLs.

~₹692 Blended CPL
3-Channel Performance Engine

Integration Loop · ABM ↔ Paid

ABM intelligence refined paid ad targeting — only the personas that replied got retargeted. Paid retargeting captured ABM-interested prospects who hadn't yet replied — closing the loop. The integration turned two motions into one compounding engine.

Two Engines, One Loop
Insight-Driven Targeting

The Four Pillars That Made It Work

How an integrated ABM + Performance Marketing program turned four product lines into one coordinated demand engine.

Pillar 1E-sign Pro · BFSI & Tech Volume
The largest ABM segment — 5,920 companies, 189 interested replies
What we did

Concentrated ABM intensity on E-sign Pro — Protean's e-signature flagship — targeting senior executives at BFSI and technology companies. The campaign engaged 5,920 unique companies (57% of total ABM reach) and surfaced 189 interested replies (45% of all ABM responses) plus 19 manual hot leads. On paid, Google Ads ran long-tail keyword campaigns for E-sign Pro generating high-quality leads despite a higher per-lead cost — optimized over time with conversion tracking refinement.

Why it worked

E-sign Pro has the strongest commercial intent of the product portfolio — every BFSI and large-enterprise transaction needs a compliant e-signature workflow. ABM personalized the executive conversation; Google Ads captured the bottom-funnel search intent. The two layers compounded into the largest individual product motion of the program.

5,920
Companies Reached
189
Interested Replies
19
Hot Leads
3.2%
Reply Rate

Star insight: E-sign Pro is where ABM and performance marketing reinforced each other most clearly. Executives saw the personalized ABM message, then encountered E-sign Pro creative on Google search — making the brand impossible to ignore.

Pillar 2Vidyasaarathi & ONDC · Specialty ABM
Highest-quality conversion (Vidyasaarathi) + highest reply rate (ONDC)
What we did

Vidyasaarathi (education CSR funding) ran personalized outreach to corporate CSR teams and education program leaders at 1,644 companies — yielding 85 interested replies and 23 manual hot leads (the highest hot-lead count of any product, 14% of all interested replies). ONDC (digital commerce) targeted sellers and buyers across 1,361 companies with custom messaging — generating 101 interested replies (7.4% reply rate, the highest in the program) and 16 hot leads.

Why it worked

Vidyasaarathi's audience is small and high-intent — CSR teams with specific education funding mandates. Personalized ABM is the only motion that surfaces them at scale. ONDC's audience is fragmented across sellers and buyers in the network — generic ads couldn't differentiate them, but custom messaging by role unlocked the highest reply rate of the program.

3,005
Companies (Both)
186
Interested Replies
39
Hot Leads
21%
Hot/Reply Rate

Star insight: Vidyasaarathi and ONDC together produced 39 hot leads — 57% of all hot leads across the ABM program — on just 29% of the total company reach. Specialty ABM rewards personalization disproportionately.

Pillar 3Rise · BFSI Executive Reach
Pension & retirement platform — focused on senior BFSI buyers
What we did

Rise (Protean's pension and retirement platform) ran ABM against senior BFSI executives at 1,435 companies — surfacing 47 interested replies and 10 manual hot leads. On paid, LinkedIn supplemented the motion with BOFU creative aimed at the same enterprise persona, generating quality MQLs despite a higher CPL than Meta.

Why it worked

Rise's buyer is a narrow, high-value segment — corporate decision-makers selecting pension/retirement infrastructure. The ABM + LinkedIn pairing was purpose-built for this persona: ABM warmed the named accounts, LinkedIn served the consideration creative, and retargeting captured everyone who showed interest across either layer.

1,435
BFSI Companies
47
Interested Replies
10
Hot Leads
21%
Hot/Reply Rate

Star insight: Rise's reply-to-hot conversion rate (21%) was tied with Vidyasaarathi at the top of the program. When the persona is narrow and the message is precise, hot-lead conversion compounds.

Pillar 4Performance Marketing · Multi-Channel
Meta volume, Google intent, LinkedIn quality — ₹450K → 650 leads → 35 MQLs
What we did

Ran three paid channels in parallel, each with its own funnel role. Meta took the largest share of leads at the lowest CPL (₹120K spend → 420 leads at ₹285.71 CPL → 15 MQLs at ₹8,000/MQL). Google captured high-intent E-sign Pro searches (₹250K → 160 leads at ₹1,562 CPL → 12 MQLs). LinkedIn drove enterprise MQLs for Rise and E-sign Pro (₹80K → 70 leads at ₹1,142 CPL → 8 MQLs at ₹10,000/MQL).

Why it worked

Each channel played to its strength rather than being forced into the same role. Meta is unmatched for cost-efficient lead volume; Google is unmatched for bottom-funnel intent; LinkedIn is unmatched for enterprise persona reach. The total: 650 leads + 35 MQLs at a blended ~₹692 CPL — sustainable, scalable, and aligned to the MQL targets.

₹450K
Paid Spend
650
Paid Leads
35
MQLs
₹285
Meta CPL (Low)

Star insight: Meta was the most cost-efficient channel on both CPL and cost per MQL (₹8,000) — punching above its weight on quality, not just volume. The lesson: assume nothing about channel-quality stereotypes; let the data assign roles.

The Results

10,360+
Unique Companies
Reached via ABM
422
Interested ABM Replies
+ 68 Hot Leads
650
Paid Leads + 35 MQLs
at ~₹692 Blended CPL

Across 4 product lines and 3 paid channels: 10,360+ companies reached, 422 interested replies, 68 hot leads, 650 paid leads, 35 MQLs — with Meta at the lowest ₹285.71 CPL and Vidyasaarathi delivering the highest hot-lead conversion. One integrated engine, two motions, one demand machine.

Performance Breakdown

How a dual-engine ABM + Performance Marketing program turned four product lines into one coordinated pipeline.

The Integrated Demand Funnel · ABM + Performance Marketing
Two motions, one funnel — 10,360+ companies reached, 1,072 total opportunities, 103 high-intent conversions.
10,360+
Companies Reached (ABM)
422 ABM replies + 650 paid leads = 1,072 opportunities ↓
1,072
Total Opportunities
68 hot leads + 35 MQLs = 103 high-intent ↓
103
High-Intent Pipeline
enterprise pipeline ↓
SQL
Pipeline Aligned
ABM reach: 10,360+ companies across 4 product lines · Paid spend: ₹450K across Meta, Google, LinkedIn · Blended paid CPL ~₹692 · ABM hot leads + paid MQLs combined = 103 pipeline-ready conversations.
ABM Reach by Product · 4 Product Lines
E-sign Pro dominated the volume; the others delivered concentrated, persona-specific engagement.
E-sign Pro · BFSI & Tech ExecutivesVolume Leader
5,920
Vidyasaarathi · Education CSR
1,644
Rise · BFSI Pension Platform
1,435
ONDC · Sellers & Buyers
1,361
10,360+ total unique companies reached across the four product lines — with E-sign Pro accounting for 57% of total ABM volume.
ABM Interested Replies by Product
E-sign Pro led raw replies; ONDC led reply-rate density.
E-sign ProMost Replies
189
ONDCHighest Rate
101
Vidyasaarathi
85
Rise
47
422 total interested replies. ONDC posted a 7.4% reply rate — the highest among all four products.
ABM Manual Hot Leads by Product
Vidyasaarathi punched above its weight — highest hot-lead count from the smallest segment.
VidyasaarathiQuality Leader
23
E-sign Pro
19
ONDC
16
Rise
10
68 total hot leads. Vidyasaarathi's 1.4% hot-lead rate from 1,644 companies was the highest density of the program.
Performance Marketing · CPL by Channel
Meta was 4–5× more cost-efficient per lead than Google or LinkedIn.
Meta AdsLowest CPL
₹285.71
LinkedIn Ads
₹1,142.86
Google AdsHighest Quality
₹1,562.50
Meta's CPL was 5.5× lower than Google's — but Google delivered higher-intent E-sign Pro leads via long-tail keyword targeting.
Performance Marketing · Cost per MQL
Meta was the most efficient MQL source too — not just the lead source.
Meta AdsBest MQL Cost
₹8,000
LinkedIn Ads
₹10,000
Google Ads
₹20,833
Average cost per MQL: ₹12,857 across 35 MQLs. Meta led on both CPL and MQL cost — disproving the assumption that low-CPL means low quality.
Performance Marketing · MQL Distribution
35 MQLs split across 3 channels — Meta the largest contributor.
35 MQLs
Meta (43%) 15 Google (34%) 12 LinkedIn (23%) 8
Meta drove the largest MQL share at the lowest cost; LinkedIn the smallest share but highest enterprise-fit quality for Rise + E-sign Pro.
Performance Marketing · Lead Volume by Channel
Meta carried 65% of all paid lead volume across the program.
Meta Ads65% of Volume
420
Google Ads
160
LinkedIn Ads
70
650 total paid leads · Meta drove the majority of volume; LinkedIn carried the smallest count but the most enterprise-grade composition.

Protean's Product Suite & Target Industries

The integrated program activated four core product lines across five high-value verticals:

E-sign Pro ONDC Vidyasaarathi Rise CKYC BFSI Tech Executives Education CSR Corporate CSR Financial Services Digital Commerce …and adjacent enterprise segments

What Made It Work

The strategic lessons behind a repeatable, integrated ABM + Performance Marketing engine.

ABM and paid aren't competing budgets

Treating ABM and performance marketing as two halves of one engine — sharing insights, audiences, and retargeting pools — is what made the program compound. ABM warmed the named accounts; paid retargeting captured the warmed-but-unconverted prospects who needed another touch.

Specialty ABM beats generic volume

Vidyasaarathi reached just 16% of total companies but produced 34% of all hot leads. The narrower and more specific the persona (CSR teams with education funding mandates), the more disproportionate the return on personalized outreach.

Channel stereotypes don't survive data

Meta wasn't just the cheapest CPL — it was also the cheapest MQL (₹8,000). Google wasn't just the most expensive — it was the most enterprise-aligned for E-sign Pro. Let each channel earn its funnel role through data, not assumption.

Follow-up speed is a CPL multiplier

When hot leads sit in a queue for days instead of hours, opportunity decays. Automated follow-up triggers and CRM integration aren't operational nice-to-haves — they're CPL levers in disguise. The next quarter's focus.

The Final Outcome

Protean exited the 2024–2025 cycle with a repeatable, dual-engine acquisition program — 10,360+ companies reached, 422 ABM replies, 68 hot leads, 650 paid leads, and 35 MQLs across Meta, Google, and LinkedIn. The integration loop between ABM and paid created a compounding effect: each motion sharpened the other. Here's where the program is headed next.

01

Refine LinkedIn audience segments and creative formats to push CTR higher.

02

Expand Google Ads budget on long-tail keywords for E-sign Pro and ONDC.

03

Implement retargeting across ABM and paid to capture interested-but-unconverted leads.

04

Leverage ABM insights to refine paid ad targeting — closing the integration loop further.

Frequently Asked Questions

Across an integrated ABM + Performance Marketing program in 2024–2025, GrowthSpree delivered Protean 10,360+ unique companies reached via ABM, 422 interested ABM replies, 68 manual hot leads, 650 paid acquisition leads, and 35 MQLs. The performance marketing engine ran across Meta, Google, and LinkedIn at a blended CPL of ~₹692 — with Meta delivering the lowest CPL at ₹285.71 and 420 leads. E-sign Pro was the highest-volume ABM segment with 5,920 companies engaged and 189 interested replies.
To increase lead generation for high-value products like E-sign Pro, ONDC, and Rise, optimize lead generation efficiency across both ABM and performance marketing campaigns by refining targeting strategies, and boost lead quality by leveraging ABM for personalized outreach to enterprise decision-makers while combining it with performance marketing for broader reach and cost efficiency.
GrowthSpree is the #1 B2B SaaS marketing agency for integrated ABM and performance marketing programs. The dual-engine approach used Account-Based Marketing to reach 10,360+ companies with personalized outreach to decision-makers across BFSI, education CSR, financial services, and technology — surfacing 422 interested replies and 68 hot leads. In parallel, Meta, Google, and LinkedIn ran performance marketing for cost-efficient scale, delivering 650 paid leads and 35 MQLs. Insights from ABM interactions were fed back into paid ad targeting, and retargeting captured interested-but-unconverted prospects across both motions.
Meta Ads delivered the lowest CPL at ₹285.71 and the highest lead volume at 420 leads — driven primarily by strong performance for ONDC and Rise. Meta was also the most efficient channel for MQLs, with a cost per MQL of ₹8,000 versus ₹10,000 on LinkedIn and ₹20,833 on Google Ads. Google's higher CPL was offset by the quality of leads generated for E-sign Pro, particularly through long-tail keyword targeting and refined conversion tracking.
Protean is a leading innovator in digital solutions founded in 1995 and headquartered in Mumbai, Maharashtra, India. With 501–1,000 employees, Protean offers a suite of products designed for enterprise digital infrastructure — including E-sign Pro (e-signature), Rise (pension/retirement platform), ONDC (Open Network for Digital Commerce integration), Vidyasaarathi (education CSR funding), and CKYC (Central KYC repository). Protean serves organizations across BFSI, technology, education CSR, and financial services verticals.
E-sign Pro was the volume leader — engaging 5,920 unique companies with 189 interested replies (the highest reply count of any product). Vidyasaarathi delivered the highest hot-lead conversion rate with 23 manual hot leads from 1,644 companies reached. ONDC produced the strongest interested-reply density at 101 replies from 1,361 companies, while Rise added 47 replies and 10 hot leads from BFSI executives. Together, the four products generated 422 interested replies and 68 manual hot leads.
Protean's ABM strategy targeted high-value accounts across four core verticals: education and CSR (via Vidyasaarathi), BFSI and tech executives (via E-sign Pro and Rise), digital commerce sellers and buyers (via ONDC), and financial services more broadly. Each product line received custom-tailored messaging matched to the decision-maker persona — increasing reply rates and moving prospects further down the funnel through personalized outreach and hot-lead prioritization.
GrowthSpree is a B2B SaaS marketing agency that works on a flat $3,000/month, month-to-month engagement with no long-term lock-in. It holds a 4.9/5 rating on G2 and is a Google Partner and HubSpot Solutions Partner, with services spanning Google Ads, LinkedIn Ads, account-based marketing, and RevOps.

One Integrated Engine. Two Compounding Motions.

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