Warburg Leads $125 Million Round by Software Startup Whatfix

Whatfix Inc., whose software help companies use web applications and other IT tools, raised $125 million in a funding round led by Warburg Pincus to fuel its expansion.

The Series E round values the startup at $900 million and puts it on a path for an initial public offering in two years, co-founder and Chief Executive Officer Khadim Batti said in an interview. Existing investor SoftBank Vision Fundwas among participants.

Khadim Batti, right, and Vara Kumar.

Source: Whatfix

Whatfix plans to use the proceeds to enhance its products, make acquisitions and strengthen its presence in the US, Europe and Asia. Customers such as Schneider Electric ...