SaaS Technology

The executive left at least six months ago; decision was announced at a company town hall meeting

At a time when large investors have reduced their investments in India as the funding winter persists, venture capital firm Lightspeed is betting big on the country

Indian Software-as-a-Service companies are expected to grow in the range of 20-25 per cent per annum to USD 35 billion in annual recurring revenue by 2027, consultancy firm Bain & Company said in a report on Tuesday. According to the "India SaaS Report 2022 - Remaining steady through turbulence" of Bain & Company, the Indian Software-as-a-Service (Saas) companies will account for eight per cent global market share in the segment. "Indian Software as a Service companies are poised to command 8 per cent of the global SaaS market, generating USD 35 billion in annual recurring revenue (ARR) by 2027), growing at 2025 per cent per annum," the report said. Indian SaaS companies' future trajectory remains promising as their total annual recurring revenue of USD 12-13 billion in 2022 is up four times over the past five years, it added. Of the 1,600 Indian SaaS companies that have now been funded over the past five years, around 14 of them exceed USD 100 million in ARR, according to the

The firm is a SaaS platform for frontline workforce management, with a user base of 1,100 large enterprises

The company's founder chief executive, Girish Mathrubootham too termed it as a structural change, rather than a company-wide layoff

Zoho, which so far was focused on India, is expanding its footprint in countries such as Latin America, Mexico and Africa

As the pandemic pushed organizations to work remotely, the HR Tech space saw an influx of investments

One of the two law firms suing Freshworks is urging investors who have incurred losses of $100,000 to join the litigation, asserting that the company has violated federal security laws

Clear TDS, a SaaS platform, can generate three million FVU files in 30 minutes, and has automated bulk PAN and aadhaar linking verification, challan verifications among other features

Zenskar's flexible billing platform enables SaaS firms to handle usage-based pricing, subscriptions, nuanced discounts, credits, custom currencies, prepaid, post-paid, and ramp deals

Company aims to have 125 million people using its English language learning app

The investment was led by Innovation Endeavors, with participation from angel investors

The SaaS-enabled talent marketplace will use the Series B round fund to strengthen its team, increase its sales experts base and expand into new verticals

Platform unifies the entire spectrum of work management for enterprise-wide users. This includes end-users, teams, team managers, process experts, citizen developers and IT developers

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Arvind Singhatiya's firm, LegalKart, today connects 150,000 individual and business customers across 20,000 pin codes in 900 cities and districts to a community of 10,000 lawyers

EsportsXO facilitates opportunities for game publishers and brands to launch custom tournaments for users.

India now has 13 SaaS unicorns and between 7 and 9 companies with $100 mn+ annual recurring revenue (ARR)

CHAITANYA PEDDI, co-founder, spoke to Shivani Shinde about the company's growth so far, and the road ahead

The company currently works with 500 F&B outlets across 50 cities to help them generate annualised GMV of $3 million. It is growing at 25% MoM, adding 300 new F&B brands a month