Hyderabad and Philadelphia-based SRI Capital has invested a total of $2.3 million in three SaaS startups — WorkApps, Yellowdig and Zuppler.
SRI Capital is an investment firm and was founded by Sashi Reddi. Reddi is working as Managing Partner of SRI Capital, would join the Boards of all three companies soon.
Workapps is a Pune-based startup which was founded by Rudrajeet, who is a first-generation entrepreneur in the consumer internet and mobile industry space, while co-founder MVS Murthy is a BFSI professional.
“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”, he said.
Yellowdig is a Social collaboration tool which aims at bringing knowledge from outside of the classroom into the course material.
SRI Capital now has a total of 15 SaaS startups in its portfolio.Like this press release? Submit yours here.