Page 2 - Saas Industry

India poised to become next global SaaS capital, says EY-CII study

According to a study by EY and CII titled "India: The next global SaaS capital", India is poised to become the next SaaS capital over the next few years

SaaS solutions provider RevSure.AI raises $3.5 mn in seed funding

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

SaaS company CleverTap Raises $105 mn in funding round led by CDPQ

It runs a cloud service that helps digital brands to increase customer retention

SaaS start-up SquadStack raises Rs 140 cr in Series B funding for expansion

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

actyv.ai hires top industry leaders to head Customer Engagement and Banking verticals

Ambarish Ojha and Sumit Khaneja join enterprise SaaS platforms with B2B BNPL embedded

Top headlines: 28% tax on online gaming, Dish TV-YES Bank tussle, and more

Business Standard brings you the top headlines at this hour

SaaS startups gain favour as funding slows down for other companies

According to the Venture Intelligence data, year-to-date, SaaS start-ups have raised almost $1.8 billion

India's new unicorn LeadSquared raises $153 mn from WestBridge Capital

LeadSquared previously raised $32 million led by Gaja Capital in 2020, and $3 million during its Series A led by Stakeboat Capital in 2019

Shiprocket to acquire majority stake in Pickrr for $200 mn: Joint statement

E-commerce logistics SaaS company Shiprocket has inked a deal to acquire a majority stake in its competitor e-commerce platform Pickrr for about USD 200 million (about Rs 1,560 crore)

SaaS provider FarEye lays off 250 employees during appraisal period

Software-as-a-service provider FarEye has laid off around 250 employees at the time of their appraisal, according to industry sources. When contacted, FarEye said softness in market conditions and restructuring of the team led to reduction in team size. With the softness in market conditions, in the year ahead, we are focusing on our efforts and aligning resources in areas that drive maximum value for our customers while addressing their key challenges around operational efficiencies, cost optimization, and delivery experience," FarEye CEO and co-founder Kushal Nahata said in a statement. He said the company is strengthening core competencies, deepening focus on product differentiation and automation, and optimizing the effort required to manage operations. "This strategic realignment has resulted in the need to restructure a part of our team. For a company like FarEye that has always kept its people at the core, and believes that our people are our strongest asset, it has been a .

Chennai-based SaaS co Kissflow launches new low-code/no-code work platform

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

MoEngage raises $77 mn in round led by Goldman Sachs Asset Mgt, B Capital

This is Goldman Sachs Asset Management's first investment in an Indian SaaS company

Chennai-based global tech company Zoho Corp invests Rs 20 cr in Genrobotics

Zoho's investment will assist Genrobotics in its mission to eradicate manual scavenging in India and provide safety and dignity to workers in sanitation and oil and gas industries

SaaS firm Everstage raises $13 mn to expand and serve customers worldwide

Series A round was led by Elevation Capital, also saw participation from existing investor 3one4 Capital

Indian SaaS sector to clock $100 bn revenue by 2026: Chiratae-Zinnov study

The country is gearing to supersede China as the second largest SaaS nation in the next few years, the report says

SaaS start-up Zipy raises $2.8 mn in seed funding led by Blume, Together

Founded in 2020 by Vishalini Paliwal, an IIT Roorkee graduate & product engineering veteran, Zipy helps software teams to proactively identify, prioritise & debug critical customer issues in real time

For 3rd quarter in row, Indian startup funding crosses $10 bn in Q1: Report

Creation of 14 more unicorns takes the overall tally of startups with over USD 1 billion valuation in the country to 84 now, according to a PwC India report

OSlash raises $5 mn in funding round valuing SaaS start-up at $50 mn

Company builds productivity tool enabling employees to access the right information in a fraction of a second.

Icertis's Monish Darda on opportunities, valuation and more

In an interaction with Business Standard's Surajeet Das Gupta, Icertis co-founder Monish Darda tells more about his plans for the SaaS start-up and challenges posed by software bigwigs. Listen in

Clear starts crypto tracking, tax management for retail investors, firms

Move to help the users track their crypto portfolios across wallets and exchanges, and manage taxes on their transactions