Silicon Valley based Webscale Networks which provides cloud based tools for e-commerce companies across the world plans to invest around Rs. 130 crores to hire research & development talent and acquire more customers in India.
Sonal Puri, CEO, Webscale says that their investment in India is two fold. They have expanded their global support center in India and have increased their headcount to 25 from 15 people in India.
The company had earlier decided not to venture out more into the Indian market because of demonetization and GST. Earlier in an interview with Moneycontrol, Puri had stated that GST has been a temporary burden on all e-commerce companies.
Speaking to TheBigScope, Sonal Puri, CEO, Webscale Networks says, “We pulled back a year and half ago because of demonetization and GST but now we plan to reach out to more customers here.”
The company which was founded in 2013 raised $6M through series B funding which include the likes of Benhamou Global Ventures, Mohr Davidow Ventures, and Grotech Ventures.
Webscale caters to e-commerce companies across the world but when asked why they cater to mid size firms, Puri said that the problems their tools solve suit the mid market companies more and also helps them learn about more issues as compared to working with unicorns.
Puri also was recently awarded with the Women of the Decade in Technology and Internet infrastructure. This was given by the Women’s Economic Forum. “I was delighted to win the award but a lot still needs to be done for gender disparity and pay gap needs to be decreased between men and women.”