Page 5 - Saas Industry

Saas startup NeuroPixel.AI raises seed fund of $825,000 led by IPV

NeuroPixel.AI was founded in late 2020 by Arvind Nair (CEO) and Amritendu Mukherjee (CTO)

Saas startups firming up plans for IPOs to raise capital from market

Software-as-a-service (SaaS) companies seem to be coming off age, with several of them firming up initial public offering (IPO) plans to raise capital from the market.

RateGain Travel files draft papers with Sebi to raise funds via IPO

RateGain is among the leading distribution technology companies globally and the largest Software as a Service (SaaS) company in the hospitality and travel industry in India

India's first venture fund by startup founders launched with $85 mn corpus

The men behind the fund are Girish Mathrubootham of Freshworks, Manav Garg of Eka Software, Shubham Gupta (ex-Matrix) and Avinash Raghava (ex-Accel)

Biz2X launches API-based loan management system to speed up loan cycle

The solution minimises human error, offers customer detailed portfolio on a single click and helps him achieve cost savings

SaaS platform Bookee raises pre-seed funding from Antler India, others

Founded in 2020 by Vistar Singh and Rajat Hans, Bookee is a complete business solution developed with the needs of fitness entrepreneurs at its core

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

SimpliContract raises $1.8mn in seed-funding round led by Kalaari Capital

SimpliContract democratises contract authoring and establishes powerful post-signature contract management practices by leveraging AI and NLP

Eightfold AI raises $220 mn from SoftBank Vision fund, valuation doubles

Startup doubles valuation to $2.1 billion in seven months

IPV backs salon-focused SaaS startup Glamplus with Rs 2-crore funding

Other investors in pre-series A round are Bounce co-Founder Anil G, Sadhan Enterprise MD-CEO Sachin Khandelwal, Transin CEO Sravan Kumar, Byju's AVP Abhishek Daiya and Shadowfax VP Anudeep Nagalia

Data security startup Druva's valuation doubles to $2 bn on raising $147 mn

The firm counts US space agency NASA and drugmaker Pfizer among its customers; it had become a unicorn last June

Zenoti hopes to redefine wellness, grooming industry to make it Uber-like

Born out of a small Hyderabad office in 2010 with business spread across the US, the UK, Australia and West Asia, Zenoti is the newest SaaS (Software as a Service) success story coming out of India

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 ..

How SaaS industry in India has seen growth with a rise in startups

As of 2020, India has seen the emergence of six SaaS unicorns, and is expected to see many more by 2025

Rising SaaS adoption to ensure global sway of IT services firms

The final part of the series looks at how Indian firms compete with global peers

Indian SaaS industry revenue can grow 6-fold to $13-15 bn by 2025: Report

India's software as a service (SaaS) revenue has reached $3.5 billion as of financial year 2020 with compounded annual growth rate of 30 per cent and 75 per cent of it came from global sales.

Chennai's SaaS industry has revenue of over $1 bn, says industry expert

The Software as a Service (SaaS) industry in Chennai, the SaaS hub of the country, is currently generating a revenue of over a Billion Dollar employing over 10,000 employees. The sector has raised over $500 million so far, while many are relying more on revenue for future growth, according to an industry official.There are over 20 companies in the SaaS companies in Chennai and they are growing business across the world. "The largest player Zoho Corp itself is over $500 million and Freshworks is around $100 millionn in annual recurring revenue and the others put together, the revenue of SaaS industry in Chennai would be over $ 1 billion," said Suresh Sambandam, founder and CEO of Orange Scape and part of SaaSX, a movement of SaaS-based companies.The Chennai SaaS firms has so far raised over $500 million, even as the largest in the flock Zoho Corp is a bootstrapped company. Sambandam said that even though his own firm, Kissflow, is funded, it has been working close to a bootstrapped ...