Page 3 - Saas

Disruptive tech is fueling investment and innovation in Indian HR Tech

As the pandemic pushed organizations to work remotely, the HR Tech space saw an influx of investments

SaaS firm Prismforce raises $13.6 mn in funding for business expansion

The Mumbai-based company enables IT companies to build supply chains, deliver projects

Indian startups need to deliver good profits in 3-5 yrs: Accel's Prakash

The top venture capitalist also predicted that at least 25 Indian unicorns will go for IPO in the next 3-5 years

Freshworks faces class action lawsuit in US for false statements during IPO

One of the two law firms suing Freshworks is urging investors who have incurred losses of $100,000 to join the litigation, asserting that the company has violated federal security laws

Avataar Venture Partners launches new fund, with a target size of $350 mn

Avataar Venture Partners said the launch of the new fund highlights the huge market opportunity in business-to-business (B2B) tech and SaaS sectors which have been resilient through the funding winter

Metaverse in India: The challenge of buying land and painting houses

VR headsets are gradually becoming somewhat accessible, with an Oculus Go priced at Rs 22,000. Several start-up founders say they are also developing software for laptops and mobile devices.

Bessemer Venture leads $3.5 mn seed round for SaaS billing start-up Zenskar

Zenskar's flexible billing platform enables SaaS firms to handle usage-based pricing, subscriptions, nuanced discounts, credits, custom currencies, prepaid, post-paid, and ramp deals

Internet firm Sulekha says will focus on ed-tech, Saas businesses

Company aims to have 125 million people using its English language learning app

India poised to become next global SaaS capital, says EY-CII study

According to a study by EY and CII titled "India: The next global SaaS capital", India is poised to become the next SaaS capital over the next few years

SaaS start-up SquadStack raises Rs 140 cr in Series B funding for expansion

The SaaS-enabled talent marketplace will use the Series B round fund to strengthen its team, increase its sales experts base and expand into new verticals

Clear strengthens compliance suite; acquires CimplyFive for undisclosed sum

This is Clear's second company acquisition in 2022 after it acquired Xpedize, an invoice discounting platform, in March

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 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

Investment firm DVC announces close of $80 mn fund for SaaS start-ups

It will invest in one company per quarter, or a total of approximately 20-25 companies over five years.

Shopflo raises seed funding of $2.6 mn from Tiger Global and TQ Ventures

First time that Tiger Global has invested in a startup at pre-product stage

Indian SaaS to reach $100 bn in revenues by 2026, surpass China: Report

Continued momentum in the creation of SaaS unicorns will propel India to surpass China and become the 2nd largest SaaS nation in the world, says report

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

Factors that could slow down the spawning of Indian unicorns in 2022

Apart from Fed rate hike, inflation and Russia-Ukraine war, it is the challenges within the soonicorn ecosystem that could spoil the billion-dollar party for many enterprises.