Funding
SaaS Startup Whatfix Raises Rs. 24 Crores From Stellaris Venture Partners
A software as a service (SaaS,) startup company Whatfix, raises as much as $3.6 million (Rs. 24 crores) in an early round of funding led by Stellaris Venture Partners. Alok Goyal, who is a partner at Stellaris Venture Partners will now be joining the Whatfix board.
According to reports, Whatfix has stated that this round of funding will be useful to strengthen its R&D and also its presence overseas. Whatfix has witnessed 8 times growth since last year and now they are in plans to triple their enterprise customer base over the next one year.
Whatfix’s solutions provide in-app help and support for enterprise applications. Founded by Khadim Bhatti and Vara Kumar in 2013, Whatfix raised Rs. 5.5 crore in 2015.
Vara Kumar, the co-founder said: “Enhancing product capability is our main focus to further reduce decision complexity for users. To achieve this we are channeling the development efforts for predicting user behavior to improve help contextualization.”
The Whatfix platform helps enterprises enable their users to adopt any software application quickly thereby eliminating the time spent in referring multiple resources for support and help.
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