Page 2 - Zoho Corporation

Dunzo moves to Zoho workspace from Google suite to cut costs by one third

Troubled quick commerce startup Dunzo has migrated all its employee accounts to Zoho workspace from Google, to bring down costs by at least a third. Google workspace is priced at about Rs 1,600 per user each month under the enterprise plan, while Zoho charges a portion of that at Rs 489 for similar offerings. A Dunzo spokesperson commented on the matter, saying, "This migration is just a regular business decision. There were some initial teething issues for the first couple of days, but all of these have been ironed out now." The company's auditor Deloitte during the regulatory filing casted a doubt on the company being a going concern after net loss ballooned to Rs 1,802 crore in FY23, which is a 288 per cent increase from the previous year. In accounting terms, entities functioning as a 'going concern' have sufficient resources to continue making money and would not go bankrupt in the foreseeable future. After the exit of a Reliance executive from its board and the departure of

Chennai-based Saas company Zoho says it surpassed 100 mn users globally

Chennai-headquartered SaaS company Zoho said it has surpassed 10 crore users globally. Zoho has become the first bootstrapped SaaS company to reach the milestone, the firm said in a statement. The company had crossed USD 1 billion in annual revenue in 2022. Zoho said it has witnessed a 3-year Compound Annual Growth Rate (CAGR) of 65 per cent in the upmarket segment in India. "This is an impressive milestone for any organisation, but it's particularly sweet for us as a bootstrapped company that has never raised external capital," Zoho Co-Founder and Chief Executive Officer Sridhar Vembu said.

Zoho surpasses 100 million users across over 55 business applications

Zoho has added at least 50 million users. Its user base has grown from 1 million users in 2008 to 100 million in 2023

Open challenge to OpenAI, Google: Zoho working to build its own AI model

Zoho's announcement to develop its own LLMs comes after OpenAI founder and CEO Sam Altman said that it would be "hopeless" for an Indian startup with $10 million in funding to build foundational LLM

Zoho freezes hiring, selective recruitment for customer-facing roles

Amid global macro headwinds, Zoho on Wednesday said it has decided against layoffs but will adopt a prudent approach involving a hiring freeze for engineering roles and pruning marketing spending, although selective recruitment for customer-facing roles will continue. The software-as-a-service (SaaS) company announced investments across its entire portfolio to accelerate momentum in the mid-market and enterprise market - a segment it collectively refers to as 'upmarket'. The company, during a briefing, said it has logged a 65 per cent compound annual growth rate (CAGR) within the mid-market and enterprise segment, in the last three years. Praval Singh, VP of Marketing and Customer Experience, noted that while there are economic shifts, CIOs are looking to optimise on cost and value, and Zoho solutions are even more relevant in these times. "That is the silver lining and that is the reason for us being bullish more so in India. Certain parts of the world are more challenging but in .

Zoho logs over 65% CAGR upmarket growth in India's enterprise segment

Zoho is privately held and profitable with more than 12,000 employees

BigBasket secures capex procurement ERP software from Zoho Corporation

Technology company Zoho Corporation on Tuesday said it has implemented a custom-built capex procurement ERP software Zoho Creator to online grocery seller BigBasket. The cloud-based customer enterprise resource planning (ERP) software has helped BigBasket to enhance its operational efficiency, streamline the processes, and significantly cut costs thereby saving Rs 3 crore in six months. "With this solution, BigBasket has reduced the time taken to complete tasks by 50 per cent. It aims to utilise app development platform Zoho Creator's AI capabilities for the larger digital transformation and to replicate the solution for its operational expenditure model soon," the company said. BigBasket said it processes around five lakh orders per day and in the previous conventional model resulted in limiting visibility into the projected budget versus the actual budget. Capex procurement ERP with Zoho Creator removed the need for manual intervention, integrated business systems, and enabled ..

Privacy-centred web browser Ulaa to remain free for end-users, without ads

Zoho Corporation recently launched Ulaa, a privacy-centered web browser that offers an ad-blocker, along with five different browser modes

New Age Company of the Year: Zoho, a different kind of Indian start-up

Zoho Corporation has used its engineering capability to build a truly world-class product

Zoho CEO Sridhar Vembu rejects wife Pramila's allegations of abandoning her

Vembu said that their marriage broke down under that stress as their son, who suffers from autism, was not recovering even after endless treatments

Zoho introduces unified communications platform to help boost productivity

Software-as-a-service (SaaS) major Zoho Corporation on Wednesday unveiled a unified communications platform called 'Trident' that brings collaboration

India needs corporate mandate on R&D: Zoho CEO Sridhar Vembu

India requires a corporate mandate on Research & Development similar to CSR to promote a technology innovation culture which will help build critical technologies here in the country, Zoho Corporation's founder Sridhar Vembu said. The Padma Shree awardee and CEO of the country's first billion-dollar IT product company said the country lacks a culture of its own R&D and pointed out that merely having manufacturing facilities of global tech product companies like Apple will not bring "high income jobs" for people at large in India. "A corporate mandate to spend one or two per cent on R&D is needed for India like the two per cent CSR (corporate social responsibility) mandate. It is a high potential investment," Vembu stated in a brief interview with PTI. He was in the city recently to deliver his lecture on 'Transforming the Indian Economy' organised by the Indian Chamber of Commerce and Swadeshi Research Institute. The government has expanded the scope of CSR to R&D but .

Zoho Corporation records 57% rise in CAGR from Zoho Desk in 5 years

Global technology company Zoho Corporation on Thursday said its customer service platform Zoho Desk, witnessed a 57 per cent compounded annual growth rate in revenues over the last five years. Zoho Desk unifies Human-Driven and Bot-powered customer service capabilities to help brands provide conversational experiences. Zoho Desk built at the company's rural office in Tenkasi in Tamil Nadu was rolled out in 2016. It has witnessed a 57 per cent rise in CAGR in terms of revenue over the last five years and 45 per cent globally. Zoho Desk currently serves over one lakh businesses around the world, a company statement said. Zoho said it has introduced new capabilities in Zoho Desk which include blended conversations - a combination of human driven and bot-powered conversational service experiences as well as several refinements to the user interface to make it simpler, faster and more accessible to users. "During these challenging economic times, the best companies are doubling down on

Saas-based accounting platform Zoho Books has eyes on world markets

Zoho, which so far was focused on India, is expanding its footprint in countries such as Latin America, Mexico and Africa

Zoho Corp revenue hit $1 billion in 2021, India business grew 77%

Company plans to double investments in blockchain and AI

Zoho built capabilities steadily to reach $1 billion in revenue: CEO

'We hope to continue to serve our customers by bringing the highest quality offerings at very affordable prices'

Zoho Corporation's business operating system grows 150% in last two years

License upgrades by customers who adopted Zoho One five years ago have increased 92 per cent, contributing to this growth.

Zoho's Vembu warns SaaS players of slowdown; sees growth, hiring decline

The company is betting big on tier II and tier III cities because it says a big part of the talent pool comes from there

Zoho Corporation will not list as long as I am CEO, says Sridhar Vembu

This is simply to preserve our operational freedom and culture, said Vembu

Zoho comes up with new platform for unifying marketing operations

It provides stakeholders across the entire marketing organization with a single, shared view of critical information for improved collaboration and results.