Software As A Service

Indian SaaS companies to reach $35 bn by 2027: Bain & Company report

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

Freshworks faces class action lawsuit in US for false statements during IPO

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

Shiprocket buys Arvind's omnichannel unit in Rs 200 cr stock-and-cash deal

Companies aim to reduce delivery time and improve customer experience by combining their expertise

Domestic SaaS space has potential to become $1 trn opportunity by 2030: Rpt

The report - Shaping India's SaaS Landscape - highlights that there are nearly 1,000 funded SaaS companies in India, of which 10 have unicorn status

Indian heritage SaaS cos to reach $18-20 bn in revenue by 2022: Report

SaaS (Software as a service) companies founded by Indian entrepreneurs are poised to reach USD 18-20 billion in revenue, with the potential to capture 7-9 per cent share of the global SaaS market by 2022, a report by Bain & Company said on Tuesday. The 'India SaaS Report 2020', which analysed a wide range of Indian SaaS companies, said four key archetypes of Indian SaaS companies are expected to gain further traction. This includes SMB-focused SaaS companies (like Zoho and Freshworks) that target global markets with easy-to-use horizontal offerings and vertical-specific SaaS companies (like Locus and Innovaccer) that are disrupting underserved verticals like healthcare and logistics. Also, globally competitive companies in emerging tech (such as Postman and Hasura), and India initiators with products tailored for the domestic Indian market (Darwinbox, MyGate and Yellow Messenger) are expected to see strong growth. "With distinct competitive advantages enhanced by a level-playing ..

Investors look for next winners in SaaS, line up with millions of dollars

SaaS is one of the ways of selling enterprise products, where companies charge customers a monthly subscription rate based on annual contracts for software hosted on the cloud