Tuesday, 29 August 2017

Freshworks acquires Zarget

Enterprise software firm Freshworks Inc., previously Freshdesk, had acquired Zarget, a website analytics start-up backed by marquee Investors including Sequoia Capital. This marks the ninth acquisition for Freshworks in less than three years. It had acqui-hired chatbot start-up Joe Hukum, data integration platform Pipemonk and social media customer service firm Airwoot, among others.
Founded in 2015, Zarget offers tools to businesses and marketers to understand user behaviour on websites. According to the company, its suite of solutions—which include a click map of visitors, tests to determine the webpages that are doing better and other patented tools deployed through Google Chrome extensions—deliver actionable insights to increase user engagement.

Zarget was started by former Zoho executives Arvind Parthiban, Naveen Venkat and Santosh Kumar and is based in Chennai. The start-up received a seed investment from Freshworks’ Mathrubootham and went on to raise $7.5 million over two rounds from Accel Partners, Matrix Partners India and Sequoia Capital India.

Zarget was built to help marketers make informed decisions on their online properties without the need for deep technical resources or large budgets. Together with Freshworks, Zarget expect to accelerate the digital marketing evolution and help our customers further transform the way they market with combined expertise and solutions.

No comments: