The country is gearing to supersede China as the second largest SaaS nation in the next few years, the report says
IaaS will also be the highest spending vertical for end-users in India in 2022
Points out that company's financial services cloud products have been totaly developed at its Hyderabad office
Accel leads the financing round along with Norwest Venture Partners and Avataar Ventures
Deal will help the acquirer quickly scale and lead the invoice discounting space
The global market for Life Cycle Management is estimated at $3 bn
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Greenoaks-led round will be used to expand R&D and go-to-market activities for GraphQL
India's increasing role in the global AI market could create employment for around 4.5 million people, says a study by venture capital firm Stellaris and International Finance Corporation
The Series A funding brings Oloid's total raised since inception to $17 mn. It will be used to help expand Oloid's retrofit access control products portfolio and teams in Bangalore and Silicon Valley
The CEO of the SaaS player talks about the significance of SAP's investment, and the SaaS ecosystem in India
Aimed at rewarding and recognizing employees' dedication and hard work in driving FarEye's growth over the last year, this is the company's second buyback and largest to date.
The funding would enable company to disrupt the stagnant managed service providers market and take on legacy vendors with its newly launched AI-powered PSA-RMM platform
With the infusion of funds, the company plans to expand its team, fuel go-to-market programs, and accelerate product development.
Funds will be utilised in vertical tech SAAS capabilities along with expansion of B2B marketplace business to scale to 10,000 partners and monthly revenues of Rs 5 crore/month by March
Zluri had earlier raised $2 million from Endiya Partners and Kalaari Capital, in its seed round in January 2021.
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.
The US-based firm is planning an R&D Centre in Pune. It is undertaking a pan-India recruitment drive with offer of permanent WFH
Adoption of digital healthcare will increase in next 4-5 years in India's $150 billion healthcare market and Practo will play a leading role in the transition
Apart from value, volumes or the number of deals have also gone up