Page 5 - Saas
Healthtech platform Innovaccer raises $150 mn at $3.2-bn valuation
Company announces new Innovation Accelerators to help customers tackle the most common and high-impact clinical, operational, and financial use cases
 "Healthtech platform Innovaccer raises $150 mn at $3.2-bn valuation")
SaaS start-up Spry, led by ex-CTO of Ola, raises $3 mn in seed round
Capital to bolster product development and drive expansion in India and US
 "SaaS start-up Spry, led by ex-CTO of Ola, raises $3 mn in seed round")
Hospitality SaaS company Rategain aims to mop up Rs 1,300 cr via IPO
Hopes to regain pre-Covid level of $60 million ARR in FY22
 "Hospitality SaaS company Rategain aims to mop up Rs 1,300 cr via IPO")
India's public cloud services market to reach $10.8 bn by 2025: IDC
That's a CAGR of 24.1% for 2020-25; SaaS continued to be the largest component of the overall public cloud services market, followed by IaaS and PaaS in 1H2021
 "India's public cloud services market to reach $10.8 bn by 2025: IDC")
German SaaS major Celonis marks India entry with $100 mn investment plan
The company will set up a 'global centre of excellence' in India with 1,000 employees
 "German SaaS major Celonis marks India entry with $100 mn investment plan")
SaaS company Zenwork raises over Rs 1,200 cr from Spectrum Equity
Spectrum's investment portfolio includes the likes of Grubhub, SurveyMonkey, Kajabi, Lucid Software, and Verafin
 "SaaS company Zenwork raises over Rs 1,200 cr from Spectrum Equity")
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
 "The idea is to bring consumer tech to HR applications: Darwinbox co-founder")
Capital A makes first investment in SaaS startup from $25 mn venture fund
The fund plans to invest in 8-10 companies on a yearly basis, with a ticket size of $50,000-500,000
Wealthtech platform Fintso buys WealthMagic in part-equity, part-cash deal
The combined entity will now cater to over 1.5 million retail investors with investments to the tune of Rs 1.4 trillion ($20 billion) of assets
 "Wealthtech platform Fintso buys WealthMagic in part-equity, part-cash deal")
O4S raises $6 mn in Series-A funding round led by Think Investments
The company has earlier raised a total of $3.5 million in different rounds of investments
 "O4S raises $6 mn in Series-A funding round led by Think Investments")
Indian startup funding crosses $10 bn in Q3, first time in any quarter: PwC
The fund raise was twice the amount of funding received in Q3CY20 and an increase of 41% over the Q2CY21 figure
 "Indian startup funding crosses $10 bn in Q3, first time in any quarter: PwC")
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
 "SaaS Labs raises $17 mn to expand customer base, hire team members globally")
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")
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
We hope to manage $1 bn in seven years: Jupiter Capital's David Abikzir
'Jupiter Capital invested in multiple industries with each investment providing a stellar performance', said Abikzir
 "We hope to manage $1 bn in seven years: Jupiter Capital's David Abikzir")
Unicommerce to increase workforce by 60%, hire over 150 people in FY22
Unicommerce, an e-commerce focused SaaS (software as a service) platform, on Monday said it plans to increase its workforce by 60 per cent, onboarding over 150 people during the current fiscal year
 "Unicommerce to increase workforce by 60%, hire over 150 people in FY22")
SaaS startup Everstage raises $1.7 mn seed funding led by 3one4 Capital
Everstage helps companies drive performance of their customer-facing teams through its no-code sales commission automation platform. Some of the early customers include SaaS unicorns
 "SaaS startup Everstage raises $1.7 mn seed funding led by 3one4 Capital")
Creator India's first web portals in 1990s aims to take his tech co public
Netcore Cloud today serves over 5,000 clients in 18 countries, delivering 12 bn emails and tracking 100 bn events a month for world's top marketers. It is now planning an IPO in 15-18 months
 "Creator India's first web portals in 1990s aims to take his tech co public")
Supply chain tech firm 3SC raises $15 mn to expand across Europe, SE Asia
The company plans to strengthen its existing software as a service (SaaS) and Analytics as a service (AaaS) based SCM solutions through both organic and inorganic routes
 "Supply chain tech firm 3SC raises $15 mn to expand across Europe, SE Asia")
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")