{"id":400,"date":"2020-02-28T14:47:21","date_gmt":"2020-02-28T09:17:21","guid":{"rendered":"https:\/\/www.saasworthy.com\/blog\/saas-weekly-roundup-8-microsoft-launches-100x100x100-program-freshworks-acquires-answeiq-and-more\/"},"modified":"2020-04-14T10:16:44","modified_gmt":"2020-04-14T04:46:44","slug":"saas-weekly-roundup-8-microsoft-launches-100x100x100-program-freshworks-acquires-answeriq-and-more","status":"publish","type":"post","link":"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-8-microsoft-launches-100x100x100-program-freshworks-acquires-answeriq-and-more","title":{"rendered":"SaaS weekly roundup #8: Microsoft launches 100x100x100 program, Freshworks acquires AnsweriQ, and more"},"content":{"rendered":"<p>The past week was filled with news from the fintech world. <a href=\"https:\/\/investors.intuit.com\/news\/news-details\/2020\/Intuit-to-Acquire-Credit-Karma\/default.aspx\" target=\"_blank\" rel=\"noopener noreferrer\">Intuit acquired Credit Karma<\/a> and India-based <a href=\"https:\/\/inc42.com\/buzz\/phonepe-gets-59-6-mn-in-latest-funding-from-singapore-based-parent-entity\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">PhonePe raised $59.6million<\/a>, while <a href=\"https:\/\/www.cnbc.com\/2020\/02\/25\/mastercard-names-product-chief-michael-miebach-as-ceo-ajay-banga-moves-to-executive-chairman.html)\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Mastercard&#8217;s CEO Ajay Banga decided to step down<\/a>. A lot of things happened in the SaaS domain too, and that&#8217;s what we are here to talk about. So let\u2019s get going.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_17 counter-hierarchy counter-decimal ez-toc-grey\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class=\"ez-toc-list ez-toc-list-level-1\"><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-8-microsoft-launches-100x100x100-program-freshworks-acquires-answeriq-and-more\/#News\" title=\"News\">News<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-8-microsoft-launches-100x100x100-program-freshworks-acquires-answeriq-and-more\/#Investment_quotient\" title=\"Investment quotient\">Investment quotient<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-8-microsoft-launches-100x100x100-program-freshworks-acquires-answeriq-and-more\/#Must_reads\" title=\"Must reads\">Must reads<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-8-microsoft-launches-100x100x100-program-freshworks-acquires-answeriq-and-more\/#Listen_to\" title=\"Listen to\">Listen to<\/a><\/li><li class=\"ez-toc-page-1 ez-toc-heading-level-2\"><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-8-microsoft-launches-100x100x100-program-freshworks-acquires-answeriq-and-more\/#Watch\" title=\"Watch\">Watch<\/a><\/li><\/ul><\/nav><\/div>\n<h2 id=\"news\"><span class=\"ez-toc-section\" id=\"News\"><\/span>News<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/news.microsoft.com\/en-in\/microsoft-launches-100x100x100-b2b-startups\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><strong>Microsoft launches 100X100X100 program for B2B startups<\/strong><\/a><\/p>\n<p>Earlier this week, Microsoft&#8217;s CEO Satya Nadella arrived in India and made a barrage of announcements, including a <a href=\"https:\/\/tech.economictimes.indiatimes.com\/news\/corporate\/microsoft-partnership-to-shape-digital-decade-ambani\/74291357\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">partnership with India&#8217;s leading telecom operator<\/a> \u2013 Reliance Jio \u2013 for the use of its Azure Cloud. The company also announced a 100x100x100 program, which aims to boost SaaS startups from the subcontinent. As part of the initiative, Microsoft will bring together 100 companies with 100 SaaS startups from the country where the former will commit to spending $100,000 over the course of 18 months.<\/p>\n<p><a href=\"https:\/\/www.vccircle.com\/sequoia-backed-freshworks-acquires-us-based-ai-startup-answeriq\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><strong>Sequoia-backed Freshworks acquires US-based AI startup AnsweriQ<\/strong><\/a><\/p>\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/freshworks-360\" target=\"_blank\" rel=\"noopener noreferrer\">Freshworks<\/a> has added another startup to its kitty. AnsweriQ is a customer service platform that leverages AI to answer user queries and with the acquisition, it&#8217;ll work with Freshworks&#8217; AI engine dubbed &#8216;Freddy&#8217;.<\/p>\n<p><a href=\"https:\/\/news.crunchbase.com\/news\/zoominfo-files-for-500m-ipo\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><strong>ZoomInfo files for $500M IPO<\/strong><\/a><\/p>\n<p>More and more companies are aiming to go public this year. The latest addition to that list is ZoomInfo, which is a cloud market intelligence platform for sales and marketing teams. With annual revenue of $293million last year, it&#8217;s filing an IPO worth $500million.<\/p>\n<h2 id=\"investment-quotient\"><span class=\"ez-toc-section\" id=\"Investment_quotient\"><\/span>Investment quotient<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/news.crunchbase.com\/news\/pipe-a-financing-platform-for-saas-companies-raises-6m-seed-led-by-craft-ventures\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><strong>Pipe, a financing platform for SaaS companies, raises $6M seed<\/strong><\/a><\/p>\n<p>SaaS companies like to charge on an annual basis, but since consumers like to pay for monthly subscriptions, that puts them in a spot. And when they raise funding, it dilutes their equity, Enter Pipe, which finances SaaS companies annually, basis their monthly subscriptions and without asking for equity.<\/p>\n<p><a href=\"https:\/\/techcrunch.com\/2020\/02\/27\/cioplenu\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><strong>Cioplenu, the SaaS for \u2018deskless\u2019 workers on the production floor, raises \u20ac4.2M seed<\/strong><\/a><\/p>\n<p>Billed as an operating system for the production floor, Cioplenu aims to make it easier for companies to maintain production floor processes such as maintenance, on-boarding, assembly, and inspection. The company has raised \u20ac4.2million as part of seed funding for expansion.<\/p>\n<p><a href=\"https:\/\/www.process.st\/series-a-accel-atlassian-salesforce\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><strong>Accel leads $12m Series A for Process Street\u2019s no-code workflow app<\/strong><\/a><\/p>\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/process-street\" target=\"_blank\" rel=\"noopener noreferrer\">Process Street<\/a> is a checklist-management tool and after getting good initial traction, it&#8217;s now offering a no-code app that helps businesses create their own processes. It&#8217;s being used by companies like Airbnb and Spotify, and has over 450,000 registered users. For the next phase of growth, it has raised $12million as part of its Series A from the likes of Accel and Salesforce Ventures.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">1\/ Reading peter gassner\u2019s interview with <a href=\"https:\/\/twitter.com\/saastr?ref_src=twsrc%5Etfw\">@saastr<\/a> in 2017 and so inspired. A few takeaways for entrepreneurs to digest (1) If you\u2019re pursuing a new vertical (not a cross sell or upsell for similar product line) i.e. Amazon going into web services, make sure of two things:<\/p>\n<p>\u2014 Nat Jin (@natjjin) <a href=\"https:\/\/twitter.com\/natjjin\/status\/1232733714582528005?ref_src=twsrc%5Etfw\">February 26, 2020<\/a><\/p><\/blockquote>\n<p><script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2 id=\"must-reads\"><span class=\"ez-toc-section\" id=\"Must_reads\"><\/span>Must reads<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/foundationinc.co\/lab\/unbundling-gsuite\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">The unbundling of Gsuite<\/a><\/p>\n<p>Related: <a href=\"https:\/\/twitter.com\/briannekimmel\/status\/1232011158036500480\">https:\/\/twitter.com\/briannekimmel\/status\/1232011158036500480<\/a><\/p>\n<p><a href=\"https:\/\/openviewpartners.com\/blog\/practical-saas-retention-strategies-that-move-the-needle-part-two\/#.XlX3lC0zaUk\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Practical SaaS Retention Strategies That Move the Needle (Part Two)<\/a><\/p>\n<p><a href=\"https:\/\/www.process.st\/product-marketing\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Product Marketing Strategy: the key to a successful SaaS business<\/a><\/p>\n<h2 id=\"listen-to\"><span class=\"ez-toc-section\" id=\"Listen_to\"><\/span>Listen to<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/if-you-build-it-why-the-software-business-is-booming\/id1480059697?i=1000466605196\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><strong>If you build it: why the software business is booming<\/strong><\/a><\/p>\n<p>Listen to Squarespace&#8217;s founder and CEO Anthony Casalena providing an overview of the SaaS market and why it&#8217;s booming. He also shares how companies can build sticky relationships with customers, how to acquire them and more. The podcast also discusses what the future might look like.<\/p>\n<p><a href=\"https:\/\/saasclub.io\/podcast\/mutiny-launch-saas-mvp\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><strong>How Mutiny\u2019s founders launched a SaaS MVP in 2 weeks<\/strong><\/a><\/p>\n<p>Mutiny is a SaaS product that helps companies personalize their websites to reach the target audience in a more effective manner, and thus close more sales. Listen to this podcast to know its journey and how its co-founder and CEO (Jaleh Rezaei) created the MVP for the product within two weeks.<\/p>\n<p><a href=\"https:\/\/www.entrepreneur.com\/listen\/problem-solvers\/346703\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><strong>Saving the company, with only $1,000 in the bank<\/strong><\/a><\/p>\n<p>Starting a business &#8211; SaaS or otherwise &#8211; is really difficult and there are several points where the going gets tough. Listen to <a href=\"https:\/\/www.saasworthy.com\/product\/privy\" target=\"_blank\" rel=\"noopener noreferrer\">Privy&#8217;s<\/a>\u00a0founder Ben Jabbawy as he shares the pivotal point in the company when there was just $1,000 in the bank and how he managed to turnaround&#8230; by talking to customers and solving their problems.<\/p>\n<p><a href=\"https:\/\/saastr.libsyn.com\/saastr-312-wrike-ceo-andrew-filev-on-5-dos-and-donts-from-my-bootstrapping-days\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><strong>Wrike CEO Andrew Filev on 5 do&#8217;s and don&#8217;ts from my bootstrapping days<\/strong><\/a><\/p>\n<p>Wrike is project management service and considering it&#8217;s in a cut-throat competitive segment, listen to its CEO Andrew Filev as he shares some do&#8217;s and don&#8217;ts of how he managed to sustain his business. He also shares tips on hiring, raising funds after bootstrapping for six years and more.<\/p>\n<h2 id=\"watch\"><span class=\"ez-toc-section\" id=\"Watch\"><\/span>Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>How Baremetrics used transparency to grow to $1.5M ARR<\/strong><\/p>\n<div class=\"embeddedContent oembed-provider- oembed-provider-youtube\" style=\"text-align: center;\" data-align=\"center\" data-oembed=\"https:\/\/www.youtube.com\/watch?v=mnm4WJbmWrM\" data-oembed_provider=\"youtube\" data-resizetype=\"noresize\"><iframe src=\"\/\/www.youtube.com\/embed\/mnm4WJbmWrM?wmode=transparent&amp;jqoemcache=geCB1\" width=\"425\" height=\"349\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/div>\n<p>Baremetrics is an analytics platform for SaaS companies and in this video, its Head of Growth, Corey Haines shares the company&#8217;s growth models. He also sheds light on how Baremetrics&#8217; transparency makes it stand out from other companies.<\/p>\n<p><strong>Netflix for free?<\/strong><\/p>\n<p><iframe class=\"wistia_embed\" title=\"Wistia video player\" src=\"https:\/\/fast.wistia.net\/embed\/iframe\/frtg8mcasy\" name=\"wistia_embed\" width=\"400\" height=\"225\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>Netflix recently <a href=\"https:\/\/www.indiewire.com\/2020\/02\/netflix-free-streaming-to-all-the-boys-1202210992\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">allowed non-subscribers to watch the movie &#8220;To all the boys I&#8217;ve loved before&#8221;<\/a> in a bid to cash in on its sequel and thus compelling those who&#8217;ve watched the former to pony up the subscription fees. This video acts as a good primer why the freemium model will become more prevalent going forward.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Here&#8217;s everything that you need to know about the happening in the world of SaaS in the past week<\/p>\n","protected":false},"author":3,"featured_media":626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":0,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[24],"tags":[186],"class_list":{"0":"post-400","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-saas-weekly-roundup","8":"tag-saas-weekly-roundup"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>SaaS weekly roundup #8: Microsoft launches 100x100x100 program, Freshworks acquires AnsweriQ, and more - SaaSworthy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-8-microsoft-launches-100x100x100-program-freshworks-acquires-answeriq-and-more\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SaaS weekly roundup #8: Microsoft launches 100x100x100 program, Freshworks acquires AnsweriQ, and more - SaaSworthy Blog\" \/>\n<meta property=\"og:description\" content=\"Here&#039;s everything that you need to know about the happening in the world of SaaS in the past week\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-8-microsoft-launches-100x100x100-program-freshworks-acquires-answeriq-and-more\" \/>\n<meta property=\"og:site_name\" content=\"SaaSworthy Blog | Top Software, Statistics, Insights, Reviews &amp; 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