Page 5 - Saas Industry
Toch.ai raises $11.75 mn to scale up tech infra, expand into global markets
The $224 bn digital video content and advertising industry has long been plagued with time-consuming, manual processes and Toch.ai is addressing that problem using technology
 "Toch.ai raises $11.75 mn to scale up tech infra, expand into global markets")
Qapita raises $15 mn in Series A round led by East Ventures, Vulcan Capital
Qapita had raised $7.25 million in earlier rounds of funding
 "Qapita raises $15 mn in Series A round led by East Ventures, Vulcan Capital")
Indian SaaS industry is gearing up to move onto global platforms
With digital transformation boosting enterprise tech intensity, Indian software-as-a-service players have gained immensely
 "Indian SaaS industry is gearing up to move onto global platforms")
Oracle India steady on double-digit growth path, says Prasad Rai
Oracle recently reported first quarter results for the financial year 2022. Total quarterly revenue rose 4 per cent to $9.7 billion
 "Oracle India steady on double-digit growth path, says Prasad Rai")
Manch Technologies raises $1.1 mn in pre-series A round led by BISF
The company will use the new funding for stepping up its growth internationally and product development initiatives
 "Manch Technologies raises $1.1 mn in pre-series A round led by BISF")
Employees made us who we are, they are equal owners: Freshworks CEO
Girish Mathrubootham shares his views on the journey so far, what his IPO means to the SaaS (software as a system) ecosystem in India
 "Employees made us who we are, they are equal owners: Freshworks CEO")
Freshworks prices IPO at $ 36 per share, to raise over $1 bn via US listing
Freshworks will become the first Indian-origin software products startup to list on the US stock exchanges
 "Freshworks prices IPO at $ 36 per share, to raise over $1 bn via US listing")
Lio raises $5 mn in seed funding led by Lightspeed India, Sequoia
Lio is used for a variety of tabulation, calculation and organising needs, such as creating tables of customer/stock/payment data for businesses or organising to-do lists
 "Lio raises $5 mn in seed funding led by Lightspeed India, Sequoia")
B2B SaaS-focused VC firm Pentathlon announces final close of first fund
Pentathlon plans to invest in over 20 B2B SaaS startups in a year and make investments of between Rs 75 lakh and Rs 3 crore on an averag
 "B2B SaaS-focused VC firm Pentathlon announces final close of first fund")
Saas startup NeuroPixel.AI raises seed fund of $825,000 led by IPV
NeuroPixel.AI was founded in late 2020 by Arvind Nair (CEO) and Amritendu Mukherjee (CTO)
 "Saas startup NeuroPixel.AI raises seed fund of $825,000 led by IPV")
Saas startups firming up plans for IPOs to raise capital from market
Software-as-a-service (SaaS) companies seem to be coming off age, with several of them firming up initial public offering (IPO) plans to raise capital from the market.
 "Saas startups firming up plans for IPOs to raise capital from market")
RateGain Travel files draft papers with Sebi to raise funds via IPO
RateGain is among the leading distribution technology companies globally and the largest Software as a Service (SaaS) company in the hospitality and travel industry in India
 "RateGain Travel files draft papers with Sebi to raise funds via IPO")
India's first venture fund by startup founders launched with $85 mn corpus
The men behind the fund are Girish Mathrubootham of Freshworks, Manav Garg of Eka Software, Shubham Gupta (ex-Matrix) and Avinash Raghava (ex-Accel)
 "India's first venture fund by startup founders launched with $85 mn corpus")
Biz2X launches API-based loan management system to speed up loan cycle
The solution minimises human error, offers customer detailed portfolio on a single click and helps him achieve cost savings
 "Biz2X launches API-based loan management system to speed up loan cycle")
SaaS platform Bookee raises pre-seed funding from Antler India, others
Founded in 2020 by Vistar Singh and Rajat Hans, Bookee is a complete business solution developed with the needs of fitness entrepreneurs at its core
 "SaaS platform Bookee raises pre-seed funding from Antler India, others")
Domestic SaaS space has potential to become $1 trn opportunity by 2030: Rpt
The report - Shaping India's SaaS Landscape - highlights that there are nearly 1,000 funded SaaS companies in India, of which 10 have unicorn status
SimpliContract raises $1.8mn in seed-funding round led by Kalaari Capital
SimpliContract democratises contract authoring and establishes powerful post-signature contract management practices by leveraging AI and NLP
 "SimpliContract raises $1.8mn in seed-funding round led by Kalaari Capital")
Eightfold AI raises $220 mn from SoftBank Vision fund, valuation doubles
Startup doubles valuation to $2.1 billion in seven months
 "Eightfold AI raises $220 mn from SoftBank Vision fund, valuation doubles")
IPV backs salon-focused SaaS startup Glamplus with Rs 2-crore funding
Other investors in pre-series A round are Bounce co-Founder Anil G, Sadhan Enterprise MD-CEO Sachin Khandelwal, Transin CEO Sravan Kumar, Byju's AVP Abhishek Daiya and Shadowfax VP Anudeep Nagalia
Data security startup Druva's valuation doubles to $2 bn on raising $147 mn
The firm counts US space agency NASA and drugmaker Pfizer among its customers; it had become a unicorn last June
 "Data security startup Druva's valuation doubles to $2 bn on raising $147 mn")
