Tiger Global Management led the round for the SaaS startup, which also included participation from Sequoia Capital India and DST Global Partners. (The Logic)
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Tiger Global Management led the round for the SaaS startup, which also included participation from Sequoia Capital India and DST Global Partners. (The Logic)
Talking point: E-commerce merchants and online education platforms use Wati’s software to communicate with customers via WhatsApp, the most popular messaging platform in South and Central America and Southeast Asia, where the firm intends to expand using its new capital. Asia-Pacific clients accounted for 10.1 per cent, or US$467 million, of Shopify’s total revenue in 2021. Its investment in Wati, part of a growing venture portfolio, is the first it’s disclosed in the region. Shopify’s own Inbox chat tool integrates with Facebook Messenger and Instagram, but not fellow Meta product WhatsApp.
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