Tiger Global led series B funding round for WATI (WhatsApp Team Inbox), a customer and sales engagement tool. It raises $23 million in the lastest round. Existing investors such as Sequoia Capital India and Southeast Asia, as well as new investors DST Global Partners and Shopify also took part in the round.
This is Shopify’s first venture investment in a startup based in Southeast Asia. WATI has raised more than $35 million since 2020, including a $8.3 million series A round 10 months ago. WATI intends to use the Series B funds to scale its teams, improve its products, and expand its customer base in India and other key markets.
Bianca Ho, Co-Founder, WATI mentioned, “It’s been an exciting 2022 at WATI culminating with this new funding round. We doubled down on our product with more automations, making it a seamless digital tool and must-have for any business. We went vertical in our approach and created integrations and partnerships with Zoho, Shopify, Google Sheets among others to really help scale growth and sharpen the product. The team has grown, revenue and customer numbers have doubled and now we look to scale the business, operations, teams around the world.”
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