Page 4 - Saas Industry

India's new unicorn LeadSquared raises $153 mn from WestBridge Capital

LeadSquared previously raised $32 million led by Gaja Capital in 2020, and $3 million during its Series A led by Stakeboat Capital in 2019

Shiprocket to acquire majority stake in Pickrr for $200 mn: Joint statement

E-commerce logistics SaaS company Shiprocket has inked a deal to acquire a majority stake in its competitor e-commerce platform Pickrr for about USD 200 million (about Rs 1,560 crore)

SaaS provider FarEye lays off 250 employees during appraisal period

Software-as-a-service provider FarEye has laid off around 250 employees at the time of their appraisal, according to industry sources. When contacted, FarEye said softness in market conditions and restructuring of the team led to reduction in team size. With the softness in market conditions, in the year ahead, we are focusing on our efforts and aligning resources in areas that drive maximum value for our customers while addressing their key challenges around operational efficiencies, cost optimization, and delivery experience," FarEye CEO and co-founder Kushal Nahata said in a statement. He said the company is strengthening core competencies, deepening focus on product differentiation and automation, and optimizing the effort required to manage operations. "This strategic realignment has resulted in the need to restructure a part of our team. For a company like FarEye that has always kept its people at the core, and believes that our people are our strongest asset, it has been a .

Chennai-based SaaS co Kissflow launches new low-code/no-code work platform

Platform unifies the entire spectrum of work management for enterprise-wide users. This includes end-users, teams, team managers, process experts, citizen developers and IT developers

MoEngage raises $77 mn in round led by Goldman Sachs Asset Mgt, B Capital

This is Goldman Sachs Asset Management's first investment in an Indian SaaS company

Chennai-based global tech company Zoho Corp invests Rs 20 cr in Genrobotics

Zoho's investment will assist Genrobotics in its mission to eradicate manual scavenging in India and provide safety and dignity to workers in sanitation and oil and gas industries

SaaS firm Everstage raises $13 mn to expand and serve customers worldwide

Series A round was led by Elevation Capital, also saw participation from existing investor 3one4 Capital

Indian SaaS sector to clock $100 bn revenue by 2026: Chiratae-Zinnov study

The country is gearing to supersede China as the second largest SaaS nation in the next few years, the report says

SaaS start-up Zipy raises $2.8 mn in seed funding led by Blume, Together

Founded in 2020 by Vishalini Paliwal, an IIT Roorkee graduate & product engineering veteran, Zipy helps software teams to proactively identify, prioritise & debug critical customer issues in real time

For 3rd quarter in row, Indian startup funding crosses $10 bn in Q1: Report

Creation of 14 more unicorns takes the overall tally of startups with over USD 1 billion valuation in the country to 84 now, according to a PwC India report

OSlash raises $5 mn in funding round valuing SaaS start-up at $50 mn

Company builds productivity tool enabling employees to access the right information in a fraction of a second.

Icertis's Monish Darda on opportunities, valuation and more

In an interaction with Business Standard's Surajeet Das Gupta, Icertis co-founder Monish Darda tells more about his plans for the SaaS start-up and challenges posed by software bigwigs. Listen in

Clear starts crypto tracking, tax management for retail investors, firms

Move to help the users track their crypto portfolios across wallets and exchanges, and manage taxes on their transactions

SaaS management platform Zluri raises $10M led by MassMutual Ventures

SaaS Management Platform Zluri has raised $10 million in a Series A round of funding led by MassMutual Ventures with participation from existing investors, Endiya Partners and Kalaari Capital.

SaaS firms in India poised to reach $30 bn in sales by 2025: Report

Over the past five years, SaaS firms have doubled in India and are poised to reach $30 billion in revenue by 2025, a new report showed

At $4.5 billion, investment in SaaS companies grows 170% in 2021

India now has 13 SaaS unicorns and between 7 and 9 companies with $100 mn+ annual recurring revenue (ARR)

E-commerce tech firm Unicommerce to spend $5 mn on expanding global ops

Firm says it has become a leader in India where it is processing 20% of e-commerce volumes. Now aims at setting itself up as a preferred choice of e-commerce firms and retail brands

SaaS platform Zvolv raises $1.5 mn, will use fund to expand business

The funding round was led by JSW Ventures, a technology-focused venture capital fund.

The idea is to bring consumer tech to HR applications: Darwinbox co-founder

CHAITANYA PEDDI, co-founder, spoke to Shivani Shinde about the company's growth so far, and the road ahead

SaaS Labs raises $17 mn to expand customer base, hire team members globally

The company has been bootstrapped up until this point and will use the funding to expand its customer base, hire people, and release new products and services