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SaaS startups gain favour as funding slows down for other companies

According to the Venture Intelligence data, year-to-date, SaaS start-ups have raised almost $1.8 billion

SaaS start-up Icertis aims at $50 billion valuation, global domination
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Shivani Shinde Mumbai
One of the biggest merger-and-acquisition events for software-as-a-service (SaaS) came when NYSE-listed Zendesk was acquired for $10.2 billion.

Though the deal size was lower than the earlier $17 billion offered by the same consortium of investors, it shows the interest and potential of SaaS companies across the globe.

SaaS start-ups are attracting big investment even when the picture in other equivalent sectors is not so encouraging.

According to the Venture Intelligence data for CY22 (year-to-date), SaaS start-ups have got $1.8 billion. The funds raised until June 16 by them is higher than the $1.54 billion in 2021 (January-June), and much

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First Published: Jun 28 2022 | 9:26 PM IST

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