Zoho's Vembu warns SaaS players of slowdown; sees growth, hiring decline

The company is betting big on tier II and tier III cities because it says a big part of the talent pool comes from there

Zoho Corporation founder and Chief Executive Officer Sridhar Vembu is of the view that the software-as-a-service (SaaS) ecosystem should be on its toes to combat a reprise of the global financial crisis of 2008 for the next two to three years.

“The rerun of the financial crisis of 2008 will be in a different flavour, but with equal severity. Our ecosystem has to be prepared. For a couple of years, funding will dry up and markets will be dull. We will have to be ready for this,” Vembu told Business Standard on the sidelines of the 15th edition of TiE Chennai’s