Thursday, 14 April 2016

Freshdesk buys start-up Airwoot

Customer support software maker Freshdesk Inc. has acquired Airwoot, which help companies spot customer queries and complaints on social media that require urgent attention. Customer support on social channels is key for digital businesses and using platforms like Airwoot enables them to predict conversations that may go viral and take action.
Delivering customer support via Social media continues to be a challenge for many companies given the high volume of noise in the medium. Airwoot AI technology provides a powerful platform to power the social engagement centres of the future. Airwoot used by firms such as Snapdeal, Xiaomi Corp., Ola, Paytm, Grofers, Jet Airways, MakeMyTrip and Cleartrip.com will continue as a standalone product.

For Freshdesk, one of India’s most well-funded product start-ups, Airwoot from Memeticlabs Technologies Pvt. Ltd is the fifth acquisition in nine months. Last April, Freshdesk raised $50 Million from investors Tiger Global Management, Accel Partners and Google Capital, bringing its total funding to $90 Million. The company has been successfully integrating start-ups it bought, into its own product portfolio.

In February, Freshdesk rolled out a new product, Hotline.io, its third since its launch in 2011. Hotline.io was built on the back of its December acquisition of Konotor, which helps businesses chat with their consumer inside apps. Previously, Freshdesk has acquired Framebench, a file collaboration platform in February, Frilp, a social recommendation app in October and 1CLICK.io, a video chat platform in August.

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