Online payment company, PayPal, has announced the graduation of the second batch of startups incubated at its Start Tank Incubation Center in Chennai.
The graduated companies are Konotor and PiQube. Both these companies started their incubation at Start Tank in November 2014. At the time of their graduation, PiQube raised $500K in funding from private investment company HR Fund, while Konotor recently got acquired by software firm Freshdesk.
Konotor is a product of Demach Software India Private Limited. It enables messaging between businesses and their app users for customers support, promotions, re-engagement and more. The startup provides the businesses the right tools to manage customer conversations as well as the ability to engage, in a contextual and personal way, with their app users.
“This tenure at PayPal has helped us with our growth as a product and a business. We were able to benefit from availing access to great infrastructure to support our business, consult with PayPal architects for technology guidance, and bring more structure to our organization growth and business metrics. We are extremely delighted about the fact that Konotor has recently been acquired by Freshdesk Inc, a leading cloud-based customer support software company,” said Srikrishnan Ganesan, co-founder of Konotor.
Founder: Jayadev Mahalingam
PiQube is a hiring intelligence platform that uses data science and human judgment in the right proportion to help companies hire smarter, swifter, and simpler. The machine learning platform aggregates companies and recruitment agencies. PiQube raised $500K from the HR Fund during its incubation at Start Tank.