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Enterprise Workflow Collaboration platform WorkApps secures $1Mn seed investment from SRI Capital

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WorkApps Inc., makers of a collaborative tool which helps businesses increase their overall productivity,  has secured $1 million(6.7 crore) in seed funding led by enterprise SAAS investor Sashi Reddy, Partner at SRI Capital.

Using the funds infused, the company aims to augment communication and collaborative efforts for other organisations and startups, who are looking to improve their work efficiency. With the motto of ‘One place for all your work’, the company wants you to leverage its collaboration platform to create and manage tasks, work in projects, share tasks with colleagues, have discussions with teams, get notified on all important events, and much more in one single window.

The company claims that it has a hybrid consulting model, where-in an enterprise doesn’t need to pay an hourly development fee but still gets all the flexibility for customization and integration.

Rudrajeet Desai, Founder and CEO of WorkApps says that he is excited for the future growth and development of the company and welcomes Reddy as a member of the board. He also adds that,

Our next phase is about rolling out the product globally and creating a deeper impact for certain industries. Enterprise Workflow Collaboration (EWC) on SAAS will be a dominant force in the enterprise space and our product will enable large enterprises to augment communication efforts, improve efficiency and change the way people collaborate and work together.

WorkApps currently works with large enterprise organizations with over 1500-1700 employees, and works to solve the daily bind of real-time work collaboration and management. Desai adds that the product has taken 18 months to develop and the company is now seeking to roll it out globally to organizations in banking, financial services and insurance (BFSI), advertising and media sectors.

Commenting on the investment, Sashi Reddi, Managing Partner, SRI Capital adds that,

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 will create a digital inside enterprise and enable diverse teams to digitally come together to co-create using real-time collaboration.

Founded in 2015, the core management team at WorkApps includes Desai, MVS Murthy and Shankar Borate. The enterprise collaboration platform is expected to make a debut later this year, starting with the US, Europe and APAC region simultaneously.

WorkApps has developed a robust platform that is up against global players, including the likes of Asana, Microsoft or Slack, who’re all building a dynamic collaboration platform with enormous capabilities built into one window. They have also received immense praise and investment from industry experts.

Desai is a first-generation entrepreneur in the consumer Internet and mobile industry space, while his co-founders Murthy and Borate both have over 20 years of experience working on product development, portfolio management, channel management, strategy & business innovation in large corporations, including Adobe, Symantec, Siemens, Edelweiss, Tata AIG to name a few.

Watch this YouTube video to take a look at the features and functionalities of the collaboration platform:

A hands-on guy fascinated by new apps, technologies and enterprise products.

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