Sequoia Capital Has Bid A $ 32 Million Funding Round In SAAS Company Whatfix
Other investors who took part in this event are Eight Roads Ventures, the proprietary investment arm of Fidelity International F-Prime Capital the US-
The latest equity financing comes a little less than a year after Eight Roads Ventures led a Rs 92crore round in the Software as a Service company. Whatfix founded in 2014, will use the money for product development and to expand into geographies such as Europe and Australia, it said in a statement. Led by Batti and Vara Kumar, Whatfix is present in Bengaluru San Francisco, London and Melbourne. The company helps enterprises deliver easy onboarding, training and self service support. It also claims to increase employee productivity by 35 per cent reduce training time and costs by 60 per cent cut employee case tickets by 50 percent and increase application data accuracy by 20 percent.
The company considers the involvement of notable entrepreneurs as investors and advisors among its ranks including Freshworks founder and CEO Girish Mathrubootham.