The Indian software-as-a-service (SaaS) landscape is on the cusp of a transformation. The number of SaaS startups in India has almost tripled in the last five years. SaaS companies founded by Indian entrepreneurs are poised to reach between $18 billion and $20 billion in revenue. A whole host of Indian software startups have seen new opportunities amid the pandemic as their clients’ dependence on technology increased. Noticeably, there has been a rapid global transformation of companies moving from old-world on-premise solutions to cloud-based applications. Interestingly, companies are now spending more on SaaS than they are on laptops. India now has a thriving ecosystem of enablers, comprising domestic and global SaaS investors, more than 100 SaaS angels with four or more investments, and incubators and accelerators. Come and hard from experts on How Indian SaaS startups are thriving during coronavirus? What are the advantages and disadvantages of SaaS? What are the top 3 most important aspects of SaaS? Why SaaS is the best business model? What is the future of SaaS? What are the advantages of building a SaaS company from India? Disadvantages that Indian SaaS companies face?
14. y-o-y growth
(as of Jun 2020)
Revenue in $m
(ending jun 2020)
Profitable Net Retention
Rate
Shopify
Atlassian
ServiceNow
Workday
Hubspot
Zoom
Cornerstone
OnDemand
Zendesk
DocuSign
Datadog
1
2
3
4
5
6
7
8
9
10
11
74%
47%
22%
23%
29%
27%
270%
18%
28.90%
42%
77%
$1,184
$931
$2,010
$2,100
$5,020
$402
$991
$334
$484
$639
$271
y
y
n
y
n
y
n
n
n
y
stopped reporting
this year
127%
>100%
not reported
ever
99.80%
130%
not reported
this year
111%
120%
130%
Top 11 public SaaS companies have grown
Salesforce
