WorkApps is an Enterprise Workflow Collaboration (EWC) firm that has secured a seed fund from the SRI Capital of $1 million. The member of its core management teams includes MVS Murthy, Rudrajeet Desai and Shankar Borate.
The firm, in the explanation of the services, claims that the model they follow is hybrid and consulting where a company gets flexibility for integration and customization without paying the hourly development fee.
By the end of 2016, the product will soon be launched by this Pune-based firm in the Europe, the US and the Asia Pacific region (APAC).
Rudrajeet, Founder of the company is a first-generation entrepreneur in the field of mobile industry and consumer internet, while MVS Murthy, chief operating officer is a BFSI professional. The third co-founder of the company, Shankar Borate, a computer scientist from IIT having almost 20 years’ of experience in developingan array of products for firms like Adobe.
SashiReddi, Managing Partner of SRI Capital forecasts that global Enterprise Collaboration market will experience for real power of Indian startups.
Reddi said, “Though there are many players in this space, none of them cater to the large enterprise market, which is where WorkApps has built a very robust and scalable product”.
CEO and Founder of WorkApps, Rudrajeet Desai stated that in the next level of the company progress, the firm will release the product globally in order to create a massive impact for certain companies.
Desai said, “Enterprise Workflow Collaboration 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.”
In illustration of the above statement, MVS Murthy, Co-founder and COO of 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. One of the most unique differentiators of WorkApps Inc. is our hybrid Product and Consulting model where an enterprise doesn’t need to pay an hourly development fee and yet get a lot of flexibility for customization and integration into their own systems. We co-create with our customers and pass on an ownership that is unique to each of them.”
A seed-level investor, SRI Capital has previously invested in software sectors comprising SME, SaaS, and Consumer SaaS sectors in the countries like India and the US.
Last week, Sirion Labs, another firm from the same space, has raised a second round of funding of $12.25 million which was initiated by Sequoia Capital. The company develops SaaS products for enterprises that are dedicated to post-signature management of complex service contracts.