Saas Technology

Kovai.co acquires Bengaluru-based business-to-consumer SaaS company Floik

This strategic move aims to enhance the capabilities of Kovai.co's artificial intelligence (AI)-powered knowledge management software

India's pharma sector set for 9.6% CAGR, reaching $55 bn by 2030: Report

Key segments contributing to the growth of India's pharma sector will be patented drugs, branded generics, and trade generics, according to a report by Pharmarack Technologies

SaaS major Zoho Corporation announces an updated 'CRM For Everyone'

Currently in a beta phase, Zoho plans a full roll out by the end of 2024

Freshworks founder Mathrubootham steps down as CEO, Woodside takes charge

Girish Mathrubootham becomes executive chairman of Nasdaq-listed SaaS firm to focus on 'long-term' vision

GenAI startup Vodex raises $2 mn in seed funding round for biz expansion

Vodex helps businesses connect with customers via human-like phone conversations, driving sales and improving customer engagement

After cabs, Rapido extends SaaS-based zero-commission model to auto drivers

This model is different from most of Rapido's competitors like Ola and Uber where the drivers pay a commission per ride

Skye Air inks 7 contracts for medical supplies delivery using drone tech

Skye Air Mobility has bagged seven contracts from various institutions, including AIIMS Jodhpur and AIIMS Rajkot, whereby the company will deploy advanced drone technology for delivery of medical supplies. The contracts have been awarded by AIIMS Jodhpur (Rajasthan), AIIMS Rajkot (Gujarat), AIIMS Bhubaneswar (Odisha), AIIHPH Kolkata (West Bengal), CLTR Chengalpattu (Tamil Nadu), RLTRI Bankura (West Bengal) and RLTRI Aska (Odisha), the company said in a release. Skye Air is a SaaS-based autonomous logistics solution provider. In tandem with their drone technology, Skye Air will leverage its Unmanned Traffic Management (UTM) software system for the delivery of medical supplies. "This system facilitates seamless coordination with multiple Air Traffic Controls (ATCs) in both rural and urban settings, offering real-time tracking and ultra-fast communication," it added.

ChrysCapital buys stake in ProHance for first investment in Indian SaaS

ProHance says ChrysCapital's 75% stake will help it in expanding in Philippines, Australia, South America

Peak XV's scale-up programme Surge announces the ninth cohort of startup

In Australia and Singapore, companies are developing platforms with emerging technologies in AI, deeptech and SaaS - a reflection of the remarkable growth these sectors have seen in recent years

Zoho surpasses 100 million users across over 55 business applications

Zoho has added at least 50 million users. Its user base has grown from 1 million users in 2008 to 100 million in 2023

Open challenge to OpenAI, Google: Zoho working to build its own AI model

Zoho's announcement to develop its own LLMs comes after OpenAI founder and CEO Sam Altman said that it would be "hopeless" for an Indian startup with $10 million in funding to build foundational LLM

Zoho freezes hiring, selective recruitment for customer-facing roles

Amid global macro headwinds, Zoho on Wednesday said it has decided against layoffs but will adopt a prudent approach involving a hiring freeze for engineering roles and pruning marketing spending, although selective recruitment for customer-facing roles will continue. The software-as-a-service (SaaS) company announced investments across its entire portfolio to accelerate momentum in the mid-market and enterprise market - a segment it collectively refers to as 'upmarket'. The company, during a briefing, said it has logged a 65 per cent compound annual growth rate (CAGR) within the mid-market and enterprise segment, in the last three years. Praval Singh, VP of Marketing and Customer Experience, noted that while there are economic shifts, CIOs are looking to optimise on cost and value, and Zoho solutions are even more relevant in these times. "That is the silver lining and that is the reason for us being bullish more so in India. Certain parts of the world are more challenging but in .

Zoho logs over 65% CAGR upmarket growth in India's enterprise segment

Zoho is privately held and profitable with more than 12,000 employees

Saas platform OTPless hires BharatPe's Anubhav Mathur, other key executives

OTPless, the startup founded by Bhavik Koladiya announced the appointment of key executives

Co-founder Krishnasamy exits Freshworks, led SaaS firm's tech operations

The executive left at least six months ago; decision was announced at a company town hall meeting

Plan to invest in climate, electric mobility in India: Lightspeed's Taneja

At a time when large investors have reduced their investments in India as the funding winter persists, venture capital firm Lightspeed is betting big on the country

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

Jungle Ventures-backed BetterPlace raises $40 mn in series C funding

The firm is a SaaS platform for frontline workforce management, with a user base of 1,100 large enterprises

SaaS major Freshworks lays off 90 employees globally; 60 in India

The company's founder chief executive, Girish Mathrubootham too termed it as a structural change, rather than a company-wide layoff

Saas-based accounting platform Zoho Books has eyes on world markets

Zoho, which so far was focused on India, is expanding its footprint in countries such as Latin America, Mexico and Africa