Eight Roads Ventures has led a Rs 92 crore round of equity financing in digital adoption venture Whatfix. The third bet placed by the proprietary investment arm of Fidelity International in the current calendar year. The Series B round has also seen participation by F Prime Capital. The US-based sister fund of Eight Roads Ventures and Cisco Investments.
Stellaris Venture Partners and Helion Venture Partners, two existing backers of Whatfix, have also participated in the latest funding round. Founded in 2013 by an alum of IIIT Bangalore Khadim Batti and Vara Kumar Namburu, both of who have had stints with Chinese telecommunications and consumer electronics giant Huawei Technologies, Whatfix is a SaaS venture that helps enterprises to deliver easy onboarding, training and self-service support.
