WHATFIX
Crypto's shopping hack; Centre eyes Meta child safeguards
Indians are buying groceries, fuel, food and gold via gift cards on overseas crypto platforms. This and more in today's ETtech Top 5.
Amazon, Flipkart's multi-front war; India set for more GCCs
Happy Wednesday! Amazon and Flipkart have broadened their bets as quick commerce platforms chip away at their share of user base. This and more in today’s ETtech Morning Dispatch.
Whatfix appoints cofounder Vara Kumar as CEO after Khadim Batti’s death
Whatfix, the innovative enterprise software startup, has announced the appointment of Vara Kumar as its new chief executive officer following the tragic loss of cofounder Khadim Batti earlier this month. Kumar, a cofounder since 2014, is set to spearhead the company’s next phase of growth, building on Batti’s remarkable legacy as a visionary leader and angel investor within India's thriving startup ecosystem.
Restaurants step up food safety; UpGrad seals Unacademy deal
Happy Wednesday! India’s food safety crackdown is forcing restaurants to clean up their kitchens and supply chains. This and more in today’s ETech Morning Dispatch.
SaaS company Whatfix's cofounder and CEO Khadim Batti passes away
Whatfix CEO Khadim Batti passes away: Vara Kumar, Batti's cofounder and a close friend, told Whatfix employees in an email that Batti had spoken with him at length on Monday night and that they had discussed their respective health situations. “He had been maintaining his health very well,” Kumar wrote.
Warburg Pincus-backed Whatfix lays off 6% of staff; trims sales, marketing roles
The Bengaluru-based firm has handed pink slips to employees in its sales and marketing teams as increased adoption of artificial intelligence (AI) has led to a slowdown in the company’s growth over the past few quarters, one of the persons said.
Warburg Pincus may lead $100-150 million funding round in Saas firm Whatfix
Private equity firm Warburg Pincus is set to lead a $100-150 million funding round in SoftBank-backed SaaS firm Whatfix, with participation expected from SoftBank and early investors Helion Venture Partners and Eight Roads Ventures. Whatfix is said to be clocking an annual recurring revenue of $70-75 million.
WalkMe has a history of resorting to legal action against competitors, Whatfix CEO tells employees
The email came after ET's story on Monday on the Bengaluru and San Jose-headquartered startup being taken to court by its Israeli-origin and Nasdaq-listed rival WalkMe.
SaaS company Whatfix dragged to court by rival WalkMe
WalkMe has alleged that Whatfix, which is backed by SoftBank Vision Fund and Peak XV Partners (earlier Sequoia Capital India), gained unauthorised access to its systems, sought to interfere with its customer relationships, made misleading advertising claims about its products and used its design mark without permission
Warburg Pincus in talks with SaaS startup Whatfix for new funding round, valuation may hit over $800 million
Warburg’s talks with Whatfix have been held at a valuation of around $800 million, but sources said the company is thinking of stretching it up to $1 billion based on its pace of growth amid a muted expansion in the SaaS industry.
SaaS firm Whatfix hits $50 million ARR, eyes new funding round
The Bengaluru-based company recorded $50 million in annual recurring revenue (ARR)—a key metric for software-as-a-service (SaaS) businesses—from about $20 million in 2021, according to two people familiar with the company’s performance.
Whatfix acquires Leap to expand mobile capabilities
Leap's toolset will integrate with Whatfix's existing applications by adding guidance to mobile apps to improve activations and adoption, reduce time-to-ship for onboarding experiences, and increase the customization of user experiences overall.
SaaS startup Whatfix to provide vertical solutions for insurance and banking
Whatfix will also keep a keen focus on doing early-stage technology acquisitions, like acquiring early tech companies "which are doing good work or have a solid depth in a specific industry, the company's CEO Khadim Batti said.
SoftBank leads Whatfix’s $90 million funding round, valuation quadruples
The Whatfix funding comes amid reports that SoftBank Vision Fund II is in talks to invest in multiple Indian startups, including Flipkart, Swiggy and OfBusiness.
Whatfix expands leadership team
These include Satya Machiraju as vice-president of Information Security, Romita Mukherjee as global senior director, HR and Supriya Goswami as VP of Product Marketing.et bu
Whatfix raises $32 million from Sequoia, others
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.
Eight Roads leads Rs 92-cr round in digital company Whatfix
For Eight Roads, the investment in Whatfix is the latest by the investment firm in 2019. In January, it had led a Rs 45-crore round in veterinary pharmaceutical startup Ashish Life Science.
Eight Roads Ventures leads Rs 92 crore Series B funding round in Whatfix
The Series B round has also seen anticipation by F Prime Capital, the US-based sister fund of Eight Roads Ventures, and Cisco Investments.
Whatfix lands Rs 24 crore in series-A round led by Stellaris
An enterprise-based SaaS support platform, Whatfix's solution provides in-app help and support for enterprise applications.
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