{"id":9159,"date":"2022-02-07T18:33:32","date_gmt":"2022-02-07T13:03:32","guid":{"rendered":"https:\/\/www.saasworthy.com\/blog\/?p=9159"},"modified":"2022-02-07T18:33:40","modified_gmt":"2022-02-07T13:03:40","slug":"saas-weekly-roundup-6-gupshup-acquires-knowlarity-chargebee-raises-250million-and-more","status":"publish","type":"post","link":"https:\/\/dev.saasworthy.com\/blog\/saas-weekly-roundup-6-gupshup-acquires-knowlarity-chargebee-raises-250million-and-more","title":{"rendered":"SaaS weekly roundup #6: Gupshup acquires Knowlarity, Chargebee raises $250million, and more"},"content":{"rendered":"\n<p>From big acquisitions to bigger funding rounds, the past week was full of action for the SaaS industry. And if you&#8217;re finding it difficult to find all the news that&#8217;s worth your attention, then read on&#8230;<\/p>\n\n\n\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-6-gupshup-acquires-knowlarity-chargebee-raises-250million-and-more\/#News_of_the_week\" title=\"News of the week\">News of the week<\/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-6-gupshup-acquires-knowlarity-chargebee-raises-250million-and-more\/#SaaS_companies_that_got_the_funding_this_week\" title=\"SaaS companies that got the funding this week\">SaaS companies that got the funding this week<\/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-6-gupshup-acquires-knowlarity-chargebee-raises-250million-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-6-gupshup-acquires-knowlarity-chargebee-raises-250million-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-6-gupshup-acquires-knowlarity-chargebee-raises-250million-and-more\/#Watch\" title=\"Watch\">Watch<\/a><\/li><\/ul><\/nav><\/div>\n<h2 id=\"news-of-the-week\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"News_of_the_week\"><\/span>News of the week<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2022\/01\/31\/citrix-to-be-acquired-by-vista-and-evergreen-elliott-in-a-16-5b-all-cash-deal-will-be-merged-with-tibco-to-create-saas-powerhouse\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Citrix to be acquired by Vista and Evergreen\/Elliott in a $16.5B all-cash deal, will be merged with Tibco to create SaaS powerhouse<\/strong><\/a><\/p>\n\n\n\n<p>As the world is moving towards cloud and subscription model, we&#8217;re seeing a lot of consolidation among traditional players. <a href=\"https:\/\/www.saasworthy.com\/product\/citrix-endpoint-management\" target=\"_blank\" rel=\"noreferrer noopener\">Citrix<\/a> has been acquired by PE firms Vista Equity Partners and Evergreen Coast Capital (it&#8217;s an affiliate of Elliott Investment Management) for an astounding $16.5billion. Citrix will be combined with <a href=\"https:\/\/www.saasworthy.com\/product\/tibco-cloud-integration\" target=\"_blank\" rel=\"noreferrer noopener\">Tibco<\/a>, resulting in the companies having over 400,000 customers and over a 100million users in 100 countries.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-02-02\/chatbot-startup-gupshup-buys-knowlarity-in-100-million-deal\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Gupshup acquires Knowlarity<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/list\/bot-platforms-software\" target=\"_blank\" rel=\"noreferrer noopener\">Bot platforms software<\/a> <a href=\"https:\/\/www.saasworthy.com\/product\/gupshup-io\" target=\"_blank\" rel=\"noreferrer noopener\">Gupshup<\/a> has announced the acquisition of cloud communications software startup <a href=\"https:\/\/www.saasworthy.com\/product\/knowlarity\" target=\"_blank\" rel=\"noreferrer noopener\">Knowlarity<\/a>. While the terms of the deal haven&#8217;t been disclosed, it&#8217;s pegged at $100million, and will help Gupshup strengthen its voice messaging and video capabilities.<\/p>\n\n\n\n<p><strong>Related read: <\/strong><a href=\"https:\/\/dev.saasworthy.com\/bloginterview-with-beerud-sheth-co-founder-and-ceo-gupshup\" target=\"_blank\" rel=\"noreferrer noopener\">Interview with Beerud Sheth, Co-founder and CEO at Gupshup<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.zdnet.com\/article\/logmein-rebrands-as-goto-streamlines-product-portfolio\/#ftag=RSSbaffb68\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>LogMeIn rebrands as GoTo, streamlines product portfolio<\/strong><\/a><\/p>\n\n\n\n<p>LogMeIn \u2013 the company behind products like <a href=\"https:\/\/www.saasworthy.com\/product\/gotomeeting\" target=\"_blank\" rel=\"noreferrer noopener\">GoToMeeting<\/a>, <a href=\"https:\/\/www.saasworthy.com\/product\/gotowebinar\" target=\"_blank\" rel=\"noreferrer noopener\">GoToWebinar<\/a>, and more \u2013 has rebranded to GoTo. It has also simplified its product line, which falls in two categories: unified communications and collaboration.<\/p>\n\n\n\n<p><strong>Related read:<\/strong> <a href=\"https:\/\/dev.saasworthy.com\/bloginterview-with-rahul-sharma-managing-director-logmein-india\" target=\"_blank\" rel=\"noreferrer noopener\">Interview with Rahul Sharma, Managing Director at LogMeIn India<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.crn.com\/alphabet-q4-earnings-google-cloud-revenue-jumps-45-percent\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Alphabet Q4 earnings: Google Cloud revenue jumps 45 percent<\/strong><\/a><\/p>\n\n\n\n<p>Google&#8217;s parent company announced its Q4 results last week where it highlighted that Google Cloud&#8217;s revenue increased by 45 percent y-o-y to $5.5billion. The internet giant also mentioned that Google Cloud saw more than 2,000 cloud product and feature releases last year.<\/p>\n\n\n\n<p><strong>Related reads:<\/strong> <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-02-02\/google-searches-for-way-to-win-cloud-share-from-amazon-web-services-microsoft\" target=\"_blank\" rel=\"noreferrer noopener\">Google is searching for a way to win the cloud<\/a> |<a href=\"https:\/\/accelerationeconomy.com\/cloud\/with-google-cloud-billion-dollar-deals-up-65-alphabet-pours-on-the-gas\/\" target=\"_blank\" rel=\"noreferrer noopener\">With Google Cloud billion-dollar deals up 65 percent, Alphabet pours on the gas<\/a><\/p>\n\n\n\n<h2 id=\"saas-companies-that-got-the-funding-this-week\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SaaS_companies_that_got_the_funding_this_week\"><\/span>SaaS companies that got the funding this week<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/www.reuters.com\/markets\/funds\/software-startup-chargebee-valued-35-bln-latest-funding-round-2022-02-01\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Software startup Chargebee valued at $3.5billion in latest funding round<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/list\/subscription-billing-software\" target=\"_blank\" rel=\"noreferrer noopener\">Subscription billing software<\/a> <a href=\"https:\/\/www.saasworthy.com\/product\/chargebee\" target=\"_blank\" rel=\"noreferrer noopener\">Chargebee<\/a> has more than doubled its valuation since last year as it got $250million funding led by Tiger Global and Sequoia Global. Valued at $3.5billion, the company will be utilizing the amount towards product innovation and global expansion.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-02-02\/sequoia-backed-productboard-raises-125-million-in-new-round\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Sequoia-backed Productboard raises $125million in new round<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/list\/product-management-software\" target=\"_blank\" rel=\"noreferrer noopener\">Product management software<\/a> <a href=\"https:\/\/www.saasworthy.com\/product\/productboard\" target=\"_blank\" rel=\"noreferrer noopener\">Productboard<\/a> has nabbed a $125million investment to become a unicorn. The round was led by Dragoneer Investment Group and values the company at $1.7billion.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2022\/02\/02\/rudderstack-raises-56m-for-its-customer-data-platform\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>RudderStack raises $56million for its customer data platform<\/strong><\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/rudderstack\" target=\"_blank\" rel=\"noreferrer noopener\">RudderStack<\/a>, a <a href=\"https:\/\/www.saasworthy.com\/list\/data-management-software\" target=\"_blank\" rel=\"noreferrer noopener\">data management software<\/a>, has closed a $56million Series B round. The investment was led by Insight Partners. The startup also highlighted that its revenue has grown 4.5x between 2020 and 2021, while its employee base has also increased to 115 people.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2022\/02\/02\/torii-puts-your-business-teams-in-sync-as-your-tech-stack-evolves\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Torii puts your business teams in sync as your tech stack evolves<\/strong><\/a><\/p>\n\n\n\n<p>With the explosion of SaaS, companies are unable to manage all the SaaS applications they might be using. <a href=\"https:\/\/www.saasworthy.com\/product\/torii-hq\" target=\"_blank\" rel=\"noreferrer noopener\">Torii<\/a> brings all the apps in one place, so that companies can see if there are those which aren&#8217;t worthwhile. It has seized $50million in Series B round led by Tiger Global Management to expand further.<\/p>\n\n\n\n<p><a href=\"https:\/\/tech.eu\/2022\/02\/03\/shifting-focus-to-deskless-workforce-paris-based-snapshift-logs-in-45-million-to-become-europes-leading-hr-tool\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Shifting focus to deskless workforce, Paris-based Snapshift logs in $45million to become Europe\u2019s leading HR tool<\/strong><\/a><\/p>\n\n\n\n<p>Paris-based HR software for deskless workers Snapshift has closed a $45million investment. Led by Highland Europe, the company aims to hire 150 people across tech, product, customer support, marketing, and sales.<\/p>\n\n\n\n<p><a href=\"https:\/\/venturebeat.com\/2022\/02\/02\/wrk-secures-43m-to-help-businesses-automate-common-workflows\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Wrk secures $43million to help businesses automate common workflows<\/strong><\/a><\/p>\n\n\n\n<p>The pandemic has given a rise to automation software, especially in the form of <a href=\"https:\/\/www.saasworthy.com\/list\/robotic-process-automation-rpa\" target=\"_blank\" rel=\"noreferrer noopener\">Robotic Process Automation (RPA)<\/a> or otherwise. While there are giants like <a href=\"https:\/\/www.saasworthy.com\/product\/uipath-rpa\" target=\"_blank\" rel=\"noreferrer noopener\">UiPath<\/a>, <a href=\"https:\/\/www.saasworthy.com\/product\/blue-prism\" target=\"_blank\" rel=\"noreferrer noopener\">Blue Prism<\/a>, and <a href=\"https:\/\/www.saasworthy.com\/product\/automation-anywhere\" target=\"_blank\" rel=\"noreferrer noopener\">Automation Anywhere<\/a>, there are new entrants as well. Wrk, a Montreal-based automation software offers a range of tools for automation, including bots, API integrations, etc. It has raised $43.56million in Series A funding.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2022\/02\/01\/metronome-raises-30m-to-help-software-companies-shift-to-usage-based-pricing-models\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Metronome raises $30million to help software companies shift to usage-based pricing models<\/strong><\/a><\/p>\n\n\n\n<p>The usage-based pricing model is seeing a lot of interest, but it&#8217;s not easy for a company to implement. Seeing this gap, Metronome has developed a billing and data infrastructure platform that can reliably process data at scale. It has gotten $30million in Series A funding led by A16z.<\/p>\n\n\n\n<p><a href=\"https:\/\/techcrunch.com\/2022\/02\/02\/flip-a-popular-chat-app-for-frontline-workers-raises-30m-as-it-passes-1m-users\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Flip, a chat and HR app for frontline workers, raises $30million as it passes 1million users<\/strong><\/a>&nbsp;<\/p>\n\n\n\n<p>Snapshift isn&#8217;t the only app in its category that raised funding last week. Flip has also raised $30million Series A as it surpasses 1million users. The funding was co-led by Notion Ventures and HV Capital.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Making $200k\/yr selling info products broken down:<br><br>&#8211; $16.7k per month<br>&#8211; Which is ~$540\/day<br>&#8211; Which is 4 customers @ $135\/ea<br>&#8211; Which is 285 daily web visitors at 1.4% conversion<br><br>None of this is easy.<br><br>But it&#39;s certainly easier than staring $200k in the face without a plan.<\/p>&mdash; Justin Welsh (@thejustinwelsh) <a href=\"https:\/\/twitter.com\/thejustinwelsh\/status\/1487794252574863377?ref_src=twsrc%5Etfw\">January 30, 2022<\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n<\/div><\/figure>\n\n\n\n<h2 id=\"must-reads\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Must_reads\"><\/span>Must reads<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><a href=\"https:\/\/openviewpartners.com\/blog\/why-b2b-marketing-needs-to-care-about-plg\/\" target=\"_blank\" rel=\"noreferrer noopener\">Why B2B marketing needs to care about PLG<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.saastr.com\/5-interesting-learnings-from-zoominfo-at-almost-1-billion-in-arr\/\" target=\"_blank\" rel=\"noreferrer noopener\">5 interesting learnings from ZoomInfo at almost $1billion in ARR<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/growandconvert.com\/content-marketing\/saas-content-strategy\/\" target=\"_blank\" rel=\"noreferrer noopener\">How to create a SaaS content strategy that drives product signups<\/a><\/p>\n\n\n\n<h2 id=\"listen-to\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Listen_to\"><\/span>Listen to<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Re-thinking enterprise SaaS marketing with Nivedha Sridhar of Facilio<\/strong><\/p>\n\n\n\n<iframe src=\"https:\/\/www.listennotes.com\/podcasts\/saasboomi\/re-thinking-enterprise-saas-Dvdu1lX2Pf8\/embed\/\" height=\"170px\" width=\"100\\%\" style=\"width: 1px; min-width: 100\\%;\" loading=\"lazy\" frameborder=\"0\" scrolling=\"no\"><\/iframe>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/facilio\" target=\"_blank\" rel=\"noreferrer noopener\" class=\"ek-link\">Facility management<\/a> is a conventional industry where most of the customers are offline. So how does a software in this space target customers? In this podcast, <a href=\"https:\/\/www.saasworthy.com\/product\/facilio\" target=\"_blank\" rel=\"noreferrer noopener\">Facilio&#8217;s<\/a> Director &#8211; Marketing Nivedha Sridhar shares how the company managed to carve a niche for itself.<\/p>\n\n\n\n<p><strong>Jordan Walker and Justin Mitchell (Yac): the $400k tweet<\/strong><\/p>\n\n\n\n<iframe style=\"border-radius:12px\" src=\"https:\/\/open.spotify.com\/embed\/episode\/1XkxKeb7UooRvPtQqd3uTm?utm_source=generator&#038;theme=0\" width=\"100\\%\" height=\"232\" frameBorder=\"0\" allowfullscreen=\"\" allow=\"autoplay; clipboard-write; encrypted-media; fullscreen; picture-in-picture\"><\/iframe>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/yac\" target=\"_blank\" rel=\"noreferrer noopener\">Yac<\/a>, or &#8220;Yelling Across Cubicles&#8221;, started as a side project. Today, it has raised $11million in total to help companies end unproductive meetings by focusing on asynchronous communication. In this podcast, its co-founders Jordan Walker and Justin Mitchell share their journey, how they leveraged Twitter, and how they&#8217;re building a real community online.<\/p>\n\n\n\n<p><strong>Marketing hyper-growth at scale with Klaviyo Head of Marketing Kady Srinivasan<\/strong><\/p>\n\n\n\n<iframe src=\"https:\/\/www.listennotes.com\/podcasts\/the-official\/saastr-525-marketing-hyper-Ab8arRSmKxQ\/embed\/\" height=\"170px\" width=\"100\\%\" style=\"width: 1px; min-width: 100\\%;\" loading=\"lazy\" frameborder=\"0\" scrolling=\"no\"><\/iframe>\n\n\n\n<p><a href=\"https:\/\/www.saasworthy.com\/product\/klaviyo\" target=\"_blank\" rel=\"noreferrer noopener\">Klaviyo<\/a> is one of the most popular <a href=\"https:\/\/www.saasworthy.com\/list\/marketing-automation-software\" target=\"_blank\" rel=\"noreferrer noopener\">marketing automation software<\/a>. In this episode, its Head of Marketing Kady Srinivasan talks about how companies can scale their team and campaigns in a hyper-growth fashion.<\/p>\n\n\n\n<h2 id=\"watch\" class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Watch\"><\/span>Watch<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong>Lowell Ricklefs: top metrics that drive higher SaaS valuations and you don\u2019t know about selling your SaaS<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"Lowell Ricklefs: Top Metrics That Drive Higher SaaS Valuations &amp; U Don\u2019t Know About Selling Ur SaaS\" width=\"788\" height=\"443\" src=\"https:\/\/www.youtube.com\/embed\/Pa_UfGlutVA?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>In this video, Traction Advising&#8217;s CEO and Founder Lowell Ricklefs shares all one needs to know about SaaS valuation and how to go about selling a SaaS business. Ricklefs also discusses his journey leading up to Traction Advising, an M&amp;A firm that helps SaaS companies with $5million+ ARR get acquired.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From big acquisitions to bigger funding rounds, the past week was full of action for the SaaS industry. And if you&#8217;re finding it difficult to find all the news that&#8217;s worth your attention, then read on&#8230; News of the week Citrix to be acquired by Vista and Evergreen\/Elliott in a $16.5B all-cash deal, will be<\/p>\n","protected":false},"author":3,"featured_media":9160,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_editorskit_title_hidden":false,"_editorskit_reading_time":4,"_editorskit_is_block_options_detached":false,"_editorskit_block_options_position":"{}","footnotes":""},"categories":[24],"tags":[],"class_list":{"0":"post-9159","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-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 #6: Gupshup acquires Knowlarity, Chargebee raises $250million, and more - SaaSworthy Blog | Top Software, Statistics, Insights, Reviews &amp; Trends in SaaS<\/title>\n<meta name=\"description\" content=\"From big acquisitions to bigger funding rounds, the past week was full of action for the SaaS industry. 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