Seed-stage venture capital fund SRI Capital launched by serial entrepreneur Sashi Reddi, has invested $1.3 million in two SaaS startups – Yellowdig in Pune and Zuppler in Delhi. Till now, the fund has invested in 15 SaaS startups in his current portfolio of 23 companies.
He believes that enterprise software startups are going to be the new wave in the market. “We need to realise that the Amazon of India will be Amazon,” said Sashi Reddi.
Yellowdig which is headquartered in US and based out of Pune, has created a course collaboration software that universities can use as a complement to their current learning management systems.
University of Pennsylvania, Northwestern and Duke University, among others, are already on its list of clientele.
“We are experiencing rapid growth of our SaaS platform in higher education in the US, and we see a lot of potential to grow in the adjacent K-12 and corporate e-learning markets,” said Shaunak Roy, CEO of Yellowdig.
The raised funding will be used by the Yellowdig and Zuppler to scale up and roll out their products in global markets, as per ET report. Zuppler’s software technology targets independent restaurant owners to help them streamline all the technologies through the Zuppler platform and take control of all their online customers.
Apart from this, Reddi has recently also invested about $1 million in Pune-based SaaS startup, WorkApps.
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