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Chamath Palihapitiya

WebEngage Becomes the First Indian Company to Raise Funds via Social Capital’s CaaS

WebEngage became the first Indian company to raise funding from the newly launched CaaS arm of Social Capital - a¬†California-based VC firm founded by renowned Valley executive Chamath Palihapitiya. Introduced by Social Capital, CaaS (Capital as a Service) is an entirely new concept of investing. It was built on the principle of data backed investing, wherein companies wouldn't need to make a traditional pitch. Instead, they would have to fill up a questionnaire, provide raw business data and share access of their cloud…