<article>Enterprise workflow collaboration (EWC) company WorkApps has raised $1 million while PE firm Creador has invested in City Union Bank.</article>

Enterprise workflow collaboration (EWC) company WorkApps has raised $1 million while PE firm Creador has invested in City Union Bank.
<h3 style="text-align: justify;">WorkApps raises $1m seed funding from SRI Capital</h3>
WorkApps, an enterprise workflow collaboration (EWC) company, has received $1 million in seed funding from Sashi Reddi, partner at <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=sri+capital" target="_blank">SRI Capital</a>.
WorkApps is also in the process to launch in the US, Europe and APAC later this year, the company said in a press note.
&#8220;WorkApps will create a digital inside enterprise and enable diverse teams to digitally come together to co-create using real-time collaboration. Though there are many players in this space, none of them cater to the Large Enterprise market, which is where WorkApps has built a very robust and scalable product,&#8221; said Reddi.
<h3 style="text-align: justify;">Creador acquires 2.45% stake in City Union Bank</h3>
PE firm <a style="color: #000080;" href="http://www.dealstreetasia.com/?s=creador" target="_blank">Creador</a> has acquired 2.45 per cent stake in City Union Bank Ltd for around Rs 130 crore ($19.5 million) through secondary market share purchase. The deal was closed early this year.
Some of the shares were acquired from MCap and Morgan Stanley, Anand Narayan, MD, Creador Advisors confirmed DEALSTREETASIA.
This is the first investment bye the PE firm in banking sector. Some of its other investments in the finance sector include in the companies like Cholamandalam Investment &amp; Finance Co Ltd and Repco Home Finance Ltd.
Recently it bet on healthcare sector when it invested Rs 118 crore in Corona Remedies.
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WorkApps has raised $1 million, PE firm Creador has invested in City Union Bank. 

India Dealbook: WorkApps gets funding, Creador funds City Union Bank

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