15 July 2016, India :
WorkApps – India’s first Enterprise Workflow Collaboration (EWC) company announced today that it has received seed fund of $1mn from legendary enterprise SAAS investor – Sashi Reddi, Partner – SRI Capital.
Sashi Reddi, Managing Partner, SRI Capital stated, “We foresee the next big wave for Indian start-ups in the Enterprise Collaboration market globally. With over two years of product testing, I’m extremely excited about the potential of WorkApps to be a pioneer in the Enterprise Workflow Collaboration (EWC) category.
WorkApps product is being rolled out simultaneously in US, Europe and APAC later this year. The core management team at WorkApps includes Rudrajeet Desai, MVS Murthy and Shankar Borate.
MVS Murthy, Co-founder and COO,WorkApps said, “Enterprises have limited bandwidth and assorted knowledge to work with pure play service companies. This makes it difficult to create a one-view of the entire organization’s requirements.”
SRI Capital is a seed stage investor focused on the “as a service” economy. Interest areas include software, data, analytics, services—anything where the customer pays a subscription amount on a recurring basis for that offering.