large scale image
LCP Image

Back to TSCFM News

WhatsApp chatbot start-up WATI raises funding by Tiger Global

October 28, 2022

WhatsApp chatbot start-up WATI raises funding by Tiger Global
Hong Kong-based customer engagement platform WATI raised $23 million in series B funding led by Tiger Global. The round also saw participation from existing investor Sequoia Capital, while DST Global Partners and Shopify came in as new investors. Shopify too invested in the Southeast Asia startup, making it the first in the region.

The series B round follows an $8.3 million series A round the company had 10 months ago. WATI said it has raised $35 million since 2020. The company has clients such as Indonesia’s Gojek, Singapore’s, Indian startup Dukaan, along with Bytedance’s Tiktok, and Oppo.

WATI, in a statement, said the startup has the most number of employees across departments in India. “The company plans to increase the India headcount by 30% in line with the growth of its revenues globally,” it said.

WATI was founded in 2020 by Bianca Ho and Ken Yeung. The company allows businesses to send personalised messages to their customers and helps them use WhatsApp Business as a marketing tool.

“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 a must-have for any business. We went vertical in our approach and created integrations and partnerships with Zoho, Shopify, and Google Sheets among others to really help scale growth and sharpen the product,” said Bianca Ho, co-founder WATI.

Important Links:

Recommended for you ...

Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services
Modi, Mauritius, and Sri Lanka Leaders Unveil Digital Payment Services

February 12, 2024

Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices
Public Sector Banks Surpassing Private Peers, Investors Reconsidering Choices

February 12, 2024

Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices
Indian Banks Seek RBI Permission for Global Bond Trading Ahead of Inclusion in Indices

February 12, 2024

Enquire Now
REQUEST A CALLBACK
Chat on WhatsApp