Page 2 - Saas

Clear strengthens compliance suite; acquires CimplyFive for undisclosed sum

This is Clear's second company acquisition in 2022 after it acquired Xpedize, an invoice discounting platform, in March

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

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

Investment firm DVC announces close of $80 mn fund for SaaS start-ups

It will invest in one company per quarter, or a total of approximately 20-25 companies over five years.

Shopflo raises seed funding of $2.6 mn from Tiger Global and TQ Ventures

First time that Tiger Global has invested in a startup at pre-product stage

Indian SaaS to reach $100 bn in revenues by 2026, surpass China: Report

Continued momentum in the creation of SaaS unicorns will propel India to surpass China and become the 2nd largest SaaS nation in the world, says report

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

Factors that could slow down the spawning of Indian unicorns in 2022

Apart from Fed rate hike, inflation and Russia-Ukraine war, it is the challenges within the soonicorn ecosystem that could spoil the billion-dollar party for many enterprises.

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

Public Cloud spending in India to touch $7.5 bn this year: Report

IaaS will also be the highest spending vertical for end-users in India in 2022

India a strategic partner for Salesforce, says Co-CEO Bret Taylor

Points out that company's financial services cloud products have been totaly developed at its Hyderabad office

Media SaaS company Amagi enters unicorn club with $95-mn investment

Accel leads the financing round along with Norwest Venture Partners and Avataar Ventures

Clear acquires supply chain financing tech firm Xpedize for undisclosed sum

Deal will help the acquirer quickly scale and lead the invoice discounting space

SaaS start-up Icertis aims at $50 billion valuation, global domination

The global market for Life Cycle Management is estimated at $3 bn

TMS Ep114: UAE trade deal, Monish Darda, markets, Spectrum Charge

Why is trade deal with UAE significant for India? What is Monish Darda's take on Icertis's opportunities? How should retail investors ride Ukraine crisis? What is One-Time Spectrum Charge? Listen in

SaaS start-up Hasura enters unicorn club with $100 mn Series C funding

Greenoaks-led round will be used to expand R&D and go-to-market activities for GraphQL

Indian AI-SaaS start-ups can create $500 bn of market value by 2030: Report

India's increasing role in the global AI market could create employment for around 4.5 million people, says a study by venture capital firm Stellaris and International Finance Corporation

SaaS start-up Oloid raises $12mn in funding for product, tech talent

The Series A funding brings Oloid's total raised since inception to $17 mn. It will be used to help expand Oloid's retrofit access control products portfolio and teams in Bangalore and Silicon Valley