Sources indicated that the latest funding values the company around $500 million, up from $150 million when it raised funds a year ago.“SoftBank has put in a term sheet and is likely to close the transaction soon. It’s a highly competitive round with other investors also having shown interest,” said another person familiar with the matter.
After investing in Mindtickle, a cross-border sales enablement platform, SoftBank has been actively scouting for SaaS deals, especially companies that have an annual recurring revenue (ARR<\/a>) of $10-15 million, which indicates that their products have been validated by their clients.
Founded by Vara Kumar and Khadim Batti, Whatfix provides in-app guidance and performance support for web applications and software products to businesses. It helps enterprises deliver easy onboarding, training and self-service support. The company said last year its products have helped increase employee productivity by 35%, reduced training time and costs by 60%, and increased application data accuracy by 20%.
In February last year, the company had raised $32 million in a Series C funding round led by Sequoia Capital India<\/a>. Its other investors include Eight Roads Ventures, Cisco Investments and F-Prime Capital, which had also participated in the round. “The existing investors too will participate in the round,” said another person with knowledge of the company’s plans. In its announcement last year the company said it would use the money for product development and to expand to places such as Europe and Australia.
Emailed queries to spokespersons for Whatfix and SoftBank did not elicit a response.
India’a SaaS unicorn club includes Freshworks, Druva, Innovaccer, Zenoti, Icertis and Postman.
As per a December 2020 report by global consulting company Bain & Co., Indian SaaS companies are poised to hit $18 billion to $20 billion in revenue and capture a 7% to 9% share of the global SaaS market by 2022. “SaaS firms such as Zoho, Freshworks, Druva, and Icertis have already broken through the $100-million annual recurring revenue (ARR) mark, with a healthy pipeline of companies well-placed to follow over the next 12 to 18 months,” the report said.
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软银视觉基金引领一轮1亿美元的融资Whatfix软件即服务(SaaS)的数字采用启动在圣何塞和班加罗尔设有办事处。这是日本公司的第二个赌MindTickle后时下流行的企业技术空间。
表示,最新的资金来源公司价值约5亿美元,高于一年前当它筹集资金1.5亿美元。“软银投资意向书,很快可能会关闭交易。这是一个高度竞争的圆与其他投资者也有兴趣,”另一位知情人士说。
在Mindtickle投资后,跨境销售支持平台,软银一直积极寻找SaaS交易,特别是公司一年一度的经常性收入(加勒比海盗)10 - 15美元百万,这表明,他们的产品已经被客户确认。
由瓦拉Kumar和Khadim Batti Whatfix提供应用指导和性能支持web应用程序和软件产品业务。它帮助企业提供简单的新员工培训,培训和自助服务支持。去年该公司表示其产品帮助员工生产力提高35%,培训时间和成本减少了60%,应用程序数据精度提高了20%。
去年2月,该公司已筹集了3200万美元在一系列C为首的一轮融资红杉资本印度。它的其他投资者包括八公路项目,思科和f '资本投资,也参加了。“现有的投资者也将参与多哈回合谈判,”另一位知情人士说该公司的计划。在去年宣布,该公司表示,它将把资金用于产品开发和扩大到欧洲和澳大利亚等地。
邮件查询为Whatfix和软库发言人并未引起反应。
印度SaaS独角兽俱乐部包括Freshworks, Druva, Innovaccer Zenoti Icertis和邮递员。
根据2020年12月的一份报告全球咨询公司贝恩资本(Bain & Co .),印度的SaaS公司有望达到180亿美元至200亿美元的收入和捕获7%至9%的份额在2022年全球SaaS市场。“SaaS公司比如Zoho, Freshworks Druva,和Icertis已经突破了1亿美元的年度经常性收入(ARR)标志,与健康管道公司良好的跟随在未来12到18个月,”该报告称。
表示,最新的资金来源公司价值约5亿美元,高于一年前当它筹集资金1.5亿美元。“软银投资意向书,很快可能会关闭交易。这是一个高度竞争的圆与其他投资者也有兴趣,”另一位知情人士说。
在Mindtickle投资后,跨境销售支持平台,软银一直积极寻找SaaS交易,特别是公司一年一度的经常性收入(加勒比海盗)10 - 15美元百万,这表明,他们的产品已经被客户确认。
由瓦拉Kumar和Khadim Batti Whatfix提供应用指导和性能支持web应用程序和软件产品业务。它帮助企业提供简单的新员工培训,培训和自助服务支持。去年该公司表示其产品帮助员工生产力提高35%,培训时间和成本减少了60%,应用程序数据精度提高了20%。
去年2月,该公司已筹集了3200万美元在一系列C为首的一轮融资红杉资本印度。它的其他投资者包括八公路项目,思科和f '资本投资,也参加了。“现有的投资者也将参与多哈回合谈判,”另一位知情人士说该公司的计划。在去年宣布,该公司表示,它将把资金用于产品开发和扩大到欧洲和澳大利亚等地。
邮件查询为Whatfix和软库发言人并未引起反应。
印度SaaS独角兽俱乐部包括Freshworks, Druva, Innovaccer Zenoti Icertis和邮递员。
根据2020年12月的一份报告全球咨询公司贝恩资本(Bain & Co .),印度的SaaS公司有望达到180亿美元至200亿美元的收入和捕获7%至9%的份额在2022年全球SaaS市场。“SaaS公司比如Zoho, Freshworks Druva,和Icertis已经突破了1亿美元的年度经常性收入(ARR)标志,与健康管道公司良好的跟随在未来12到18个月,”该报告称。
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