• Latest
  • Most Read
Saas

Indian SaaS startups continue their multi-billion dollar winning streak

2 years ago
The strange tale of Rabinder Singh, the CIA mole who ended up as a nobody

The strange tale of Rabinder Singh, the CIA mole who ended up as a nobody

2 days ago
Karnam Malleswari: The greatest woman sports icon ignored by Bharat

Karnam Malleswari: The greatest woman sports icon ignored by Bharat

2 days ago
Alliance between Khalistanis and Manipur seperatists?

Alliance between Khalistanis and Manipur seperatists?

2 days ago
We need to resuscitate abandoned temples, not beg for “World Heritage Site Status”!

We need to resuscitate abandoned temples, not beg for “World Heritage Site Status”!

2 days ago
Manish Kashyap: The Thorn in Nitish Kumar’s Side

Manish Kashyap: The Thorn in Nitish Kumar’s Side

2 days ago
Rahul Sharma: A true symbol of Sanatana Dharma

Rahul Sharma: A true symbol of Sanatana Dharma

2 days ago
Maharaja Kharavela: Perhaps the greatest Indian King ever

Maharaja Kharavela: Perhaps the greatest Indian King ever

2 days ago
The Vaccine War review: Yes, Bharat can do it!

The Vaccine War review: Yes, Bharat can do it!

2 days ago
Debt is where AAP is!

Debt is where AAP is!

2 days ago
Who is Jaswant Singh Gill, the inspiration behind ‘Mission Raniganj’?

Who is Jaswant Singh Gill, the inspiration behind ‘Mission Raniganj’?

2 days ago
Operation: Home Ministry orders CBI probe against Kejriwal’s “Sheeshmahal”!

Operation: Home Ministry orders CBI probe against Kejriwal’s “Sheeshmahal”!

2 days ago
Washington Post leaks the truth about Nijjar’s death

Washington Post leaks the truth about Nijjar’s death

3 days ago
No, OYO is not the communion spot for horny youngsters!

No, OYO is not the communion spot for horny youngsters!

3 days ago
IAS officer Rinku Dugga who took her dog for a walk in the stadium “Compulsorily Retired”!

IAS officer Rinku Dugga who took her dog for a walk in the stadium “Compulsorily Retired”!

3 days ago
AFSPA re-imposed in Manipur after several months!

AFSPA re-imposed in Manipur after several months!

3 days ago
  • About us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI हिन्दी
TFI Global
Sunday, October 1, 2023
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Karnam Malleswari: The greatest woman sports icon ignored by Bharat

    Karnam Malleswari: The greatest woman sports icon ignored by Bharat

    Alliance between Khalistanis and Manipur seperatists?

    Alliance between Khalistanis and Manipur seperatists?

    We need to resuscitate abandoned temples, not beg for “World Heritage Site Status”!

    We need to resuscitate abandoned temples, not beg for “World Heritage Site Status”!

    Manish Kashyap: The Thorn in Nitish Kumar’s Side

    Manish Kashyap: The Thorn in Nitish Kumar’s Side

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    How TVS transformed from a truck maker to a motorcycle giant

    How TVS transformed from a truck maker to a motorcycle giant

    ASUS to relocate its primary manufacturing hub from China to India

    ASUS to relocate its primary manufacturing hub from China to India

    US Business Basics: Essential Legal and Regulatory Insights for Indian Founders

    US Business Basics: Essential Legal and Regulatory Insights for Indian Founders

    Why IKEAs and Urban Ladders could not replace the friendly neighbourhood carpenter

    Why IKEAs and Urban Ladders could not replace the friendly neighbourhood carpenter

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    new CBI director Praveen sood biography

    Who is Praveen Sood the New CBI Director: Professional Background, Achievements and Significance of the Appointment

    Paramjit Singh Panjwar shot dead

    Paramjit Singh Panjwar shot dead: Keep calm and trust the Indian Armed Forces

    Swarm satellites

    India’s Bold Step towards Satellite Swarm Intelligence: A New Era in Space Technology

    INS Vikrant gets historic 1961 bell of 1st warship from ex-Navy vice chief

    INS Vikrant gets historic 1961 bell of 1st warship from ex-Navy vice chief

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Washington Post leaks the truth about Nijjar’s death

    Washington Post leaks the truth about Nijjar’s death

    The sad, tragic journey of Justin Trudeau

    The sad, tragic journey of Justin Trudeau

    Canada learns diplomacy the “Jaishankar Way”

    Canada learns diplomacy the “Jaishankar Way”

    “Why don’t ask Pakistan for Khalistan?” Canadian journalist drops a bombshell

    “Why don’t ask Pakistan for Khalistan?” Canadian journalist drops a bombshell

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    The strange tale of Rabinder Singh, the CIA mole who ended up as a nobody

    The strange tale of Rabinder Singh, the CIA mole who ended up as a nobody

    Maharaja Kharavela: Perhaps the greatest Indian King ever

    Maharaja Kharavela: Perhaps the greatest Indian King ever

    NAVIGATING THE CCNA EXAM: A BEGINNER’S HANDBOOK TO IT CERTIFICATION

    NAVIGATING THE CCNA EXAM: A BEGINNER’S HANDBOOK TO IT CERTIFICATION

    When BR Ambedkar openly challenged the Nizam Shahi

    When BR Ambedkar openly challenged the Nizam Shahi

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    The Vaccine War review: Yes, Bharat can do it!

    The Vaccine War review: Yes, Bharat can do it!

    Who is Jaswant Singh Gill, the inspiration behind ‘Mission Raniganj’?

    Who is Jaswant Singh Gill, the inspiration behind ‘Mission Raniganj’?

    Sanath Jayasuriya, the greatest all-rounder who never got his due

    Sanath Jayasuriya, the greatest all-rounder who never got his due

    Celery Soup health benefits

    9 Health Benefits of Celery Soup: Exploring the Nutritional Elixir

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Karnam Malleswari: The greatest woman sports icon ignored by Bharat

    Karnam Malleswari: The greatest woman sports icon ignored by Bharat

    Alliance between Khalistanis and Manipur seperatists?

    Alliance between Khalistanis and Manipur seperatists?

    We need to resuscitate abandoned temples, not beg for “World Heritage Site Status”!

    We need to resuscitate abandoned temples, not beg for “World Heritage Site Status”!

    Manish Kashyap: The Thorn in Nitish Kumar’s Side

    Manish Kashyap: The Thorn in Nitish Kumar’s Side

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    How TVS transformed from a truck maker to a motorcycle giant

    How TVS transformed from a truck maker to a motorcycle giant

    ASUS to relocate its primary manufacturing hub from China to India

    ASUS to relocate its primary manufacturing hub from China to India

    US Business Basics: Essential Legal and Regulatory Insights for Indian Founders

    US Business Basics: Essential Legal and Regulatory Insights for Indian Founders

    Why IKEAs and Urban Ladders could not replace the friendly neighbourhood carpenter

    Why IKEAs and Urban Ladders could not replace the friendly neighbourhood carpenter

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    new CBI director Praveen sood biography

    Who is Praveen Sood the New CBI Director: Professional Background, Achievements and Significance of the Appointment

    Paramjit Singh Panjwar shot dead

    Paramjit Singh Panjwar shot dead: Keep calm and trust the Indian Armed Forces

    Swarm satellites

    India’s Bold Step towards Satellite Swarm Intelligence: A New Era in Space Technology

    INS Vikrant gets historic 1961 bell of 1st warship from ex-Navy vice chief

    INS Vikrant gets historic 1961 bell of 1st warship from ex-Navy vice chief

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Washington Post leaks the truth about Nijjar’s death

    Washington Post leaks the truth about Nijjar’s death

    The sad, tragic journey of Justin Trudeau

    The sad, tragic journey of Justin Trudeau

    Canada learns diplomacy the “Jaishankar Way”

    Canada learns diplomacy the “Jaishankar Way”

    “Why don’t ask Pakistan for Khalistan?” Canadian journalist drops a bombshell

    “Why don’t ask Pakistan for Khalistan?” Canadian journalist drops a bombshell

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    The strange tale of Rabinder Singh, the CIA mole who ended up as a nobody

    The strange tale of Rabinder Singh, the CIA mole who ended up as a nobody

    Maharaja Kharavela: Perhaps the greatest Indian King ever

    Maharaja Kharavela: Perhaps the greatest Indian King ever

    NAVIGATING THE CCNA EXAM: A BEGINNER’S HANDBOOK TO IT CERTIFICATION

    NAVIGATING THE CCNA EXAM: A BEGINNER’S HANDBOOK TO IT CERTIFICATION

    When BR Ambedkar openly challenged the Nizam Shahi

    When BR Ambedkar openly challenged the Nizam Shahi

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    The Vaccine War review: Yes, Bharat can do it!

    The Vaccine War review: Yes, Bharat can do it!

    Who is Jaswant Singh Gill, the inspiration behind ‘Mission Raniganj’?

    Who is Jaswant Singh Gill, the inspiration behind ‘Mission Raniganj’?

    Sanath Jayasuriya, the greatest all-rounder who never got his due

    Sanath Jayasuriya, the greatest all-rounder who never got his due

    Celery Soup health benefits

    9 Health Benefits of Celery Soup: Exploring the Nutritional Elixir

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
No Result
View All Result

HOME » Economy » Indian SaaS startups continue their multi-billion dollar winning streak

Indian SaaS startups continue their multi-billion dollar winning streak

Abhishek Kumar Singh
by Abhishek Kumar Singh
8 December 2021
in Economy
0
Saas
512
VIEWS
Share on FacebookShare on Twitter

After being one of the key leaders in the Information technology (IT) revolution, India is now rapidly accelerating its growth in providing services to the established IT base. Underdogs Indian SaaS startups are now reflecting India’s digital supremacy with their multi-billion dollar industry.

A massive spike in capitals raised by SaaS 

Bain and Co., an American management consultancy firm has revealed in its report that Indian Software as a service (SaaS) startups raised more than $4.5 billion in 2021. This is a remarkable figure as not less than a year ago, Indian SaaS startups were facing uncertainty issues due to which they were able to raise only one-third of total capital raised this year.

The report further reveals that a total of six unicorns were created in the SaaS sector this year, which is equal to the total number of unicorns created in 2019 and 2020. A unicorn is a company whose valuation is at least $1 billion. The Unicorn status came on the back of Indian companies being able to address global challenges through service software. Most of the companies in the SaaS sector are currently valued at between $25-30 million ARR (annual recurring revenue). 

In a statement to money control, Aditya Shukla, partner at Bain said, “These are companies that have not just found product-market fit (the first sign that a company’s product is viable) but have also scaled. They have found acceptance from a wide variety of customers and buyers,”.

Saas is servicing as well as creating a new niche for themselves

Shukla appreciated companies for breaking the shackles of servicing only customer relationship management. He said that the companies are now servicing diverse segments like salon and spa management or newer technology needs such as managing tech stacks and testing applications.

Shukla was also appreciative of the fact that SaaS companies are creating new categories of services which will only help in enhancing the base of companies themselves. “A lot of these companies are category creators in areas such as DevOps (software development and IT operations), infrastructure, and new verticals. SaaS companies are addressing really large markets. Even for classic CRM or ERP solutions, the penetration is low, so there is headroom for growth. That leads to some of these multiples,” said Shukla.

Shukla cited the success of companies like Classplus, Khatabook, and Darwinbox and asserted that these companies are catering not just to software chains, but are also digitizing specific industries such as education, bookkeeping, and human resources, respectively.

Read more: Indian startup Freshworks makes history in USA as IPO listing turns 500 employees into crorepatis overnight

SaaS-An extremely underappreciated but potentially huge industry

SaaS as an industry is extremely underappreciated all around the world. If a carefully planned roadmap is prepared for the industry, it has the potential to become the biggest contributor to India’s GDP. After the advent of Reliance Jio in the Indian market, the IT sector has rapidly transformed from an exclusionary to a higher inclusionary sector. As the nation is digitizing, even the smallest of jobs are requiring a software-based system to hire, execute, provide a salary or even fire an employee.

SaaS will contribute $1.1 trillion to Indian GDP

The rapid digitization has opened a huge market for the secondary services category to the software industry. According to a report by US India Strategic and Partnership Forum (USISPF) and Crosstower, India’s yet-to-be-discovered digital business segment contributes $1.1 trillion to Indian GDP.

The report cites the fact that the Internet’s exponential explosion into daily combined with the advent of blockchain technology, Non-fungible tokens (NFTs) will mean that the digital world will contribute $22 trillion to world GDP in 2021 and $25 trillion in 2025. This will provide a huge opportunity for India’s SaaS sector to expand its already broad market share.

Read more: Freshworks Nasdaq win is just the start. SaaS startups are the next big thing in India after IT

Currently, India’s major chunk of the population belongs to the working-age category. Prime Minister Modi has laid emphasis on changing India’s business landscapes through start-up India and stand-up India along with the advent of Aatmanirbhar Bharat.

These initiatives only mean that Indian SaaS companies will have the world’s biggest market to serve. In addition to having the biggest market, it will have the biggest employable cheap labor force in the world for availing services at a cheaper rate. We may not have been number one in the IT sector, but SaaS will turn out to be the roaring lion for India.

Tags: Aatmanirbhar BharatIndian StartupsSaaS
Share31TweetSend
Previous Post

Subramanian Swamy goes bonkers, blames India for Covid-19

Next Post

Sharad Pawar says Savarkar promoted consumption of beef, a lie that can cost him majorly

Abhishek Kumar Singh

Abhishek Kumar Singh

Truth Seeker. Columnist at TFI Media.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Comments
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

The strange tale of Rabinder Singh, the CIA mole who ended up as a nobody

The strange tale of Rabinder Singh, the CIA mole who ended up as a nobody

29 September 2023
Karnam Malleswari: The greatest woman sports icon ignored by Bharat

Karnam Malleswari: The greatest woman sports icon ignored by Bharat

29 September 2023
Alliance between Khalistanis and Manipur seperatists?

Alliance between Khalistanis and Manipur seperatists?

29 September 2023
We need to resuscitate abandoned temples, not beg for “World Heritage Site Status”!

We need to resuscitate abandoned temples, not beg for “World Heritage Site Status”!

29 September 2023

Popular This Week

Vijay Darda Coalgate
Opinions

The Vijay Darda Cover-Up: How media shielded a Coalgate scam mastermind

by Atul Kumar Mishra
25 September 2023
India Vs Canada+West: What happened, why it happened and what will happen?
Geopolitics

India Vs Canada+West: What happened, why it happened and what will happen?

by Atul Kumar Mishra
24 September 2023
“Why don’t ask Pakistan for Khalistan?” Canadian journalist drops a bombshell
Geopolitics

“Why don’t ask Pakistan for Khalistan?” Canadian journalist drops a bombshell

by Animesh Pandey
27 September 2023
No more Bollywood films for Nayanthara?
Cinema

No more Bollywood films for Nayanthara?

by Animesh Pandey
22 September 2023
Trudeau Loses America to Modi’s Magic
Geopolitics

Trudeau Loses America to Modi’s Magic

by Animesh Pandey
25 September 2023

©2023 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFI Official Merchandise
TFI हिन्दी
TFI Global
  • About us
  • Careers
  • Brand Partnerships

©2023 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost