An Indian SaaS startup that got acquired for 10 times the funds it raised

India's SaaS startups seem to be on the radar of global firms; one success story is Gurgaon-based Mettl, which raised only Rs 300 million and was acquired for Rs 3 billion within a span of eight years

Earlier this month, Mettl, an Indian startup that offers SaaS (software as a service) platform for online assessment, quietly got sold to Mercer, a global HR consulting company that is a subsidiary of Marsh & McLennan Companies Inc. 

There was not much of noise around the deal —that is quite common in the early phase of India’s startup journey. It was a fairly profitable exit for the investors and promoters of the Gurgaon-based company. Mettl, which had raised just around Rs 300 million ($4.4 million), was acquired for Rs 3 billion within a span of eight years. 

Leaving aside valuations, what is