The latest round, which is a mix of primary and secondary deal, catapulted the startup’s valuation close to $900 Mn (around INR 7,524.4 Cr), a 50% jump from the earlier $600 Mn
While Warburg Pincus infused $100 Mn into Whatfix, SoftBank invested $25 Mn via its Vision Fund 2
Whatfix plans to use the fresh proceeds to expand into new geographies, including Southeast Asia and the Middle East while also adding new products to its portfolio
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SoftBank-backed B2B SaaS startup Whatfix has secured $125 Mn ( around 1045 Cr) as a part of its Series E funding round led by Warburg Pincus, along with participation from existing backer SoftBank.
The latest round, which is a mix of primary and secondary deal, catapulted the startup’s valuation close to $900 Mn (around INR 7,524.4 Cr), a 50% jump from the earlier $600 Mn.
While Warburg Pincus infused $100 Mn into Whatfix, SoftBank invested $25 Mn via its Vision Fund 2.
Whatfix plans to use the fresh proceeds to expand into new geographies, including Southeast Asia and the Middle East while also adding new products to its portfolio.
Besides, the funds will enable Whatfix to enhance its integrated product suite through both organic growth and strategic acquisitions.
Founded in 2013 by Khadim Batti and Vara Kumar, Whatfix earns revenue by selling subscriptions and professional services to other businesses. The digital adoption platform offers solutions for onboarding new customers, effective training and better support to users through contextual content display at the time of need.
Whatfix’s founder Bhatti told Inc42 that the company aims to break even in the next eight quarters without compromising on growth.
(The story will be updated soon)
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