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  • Government agencies, enterprises keen on adopting Zoho's Ulaa web browser June 03, 2023 05:20 PM IST

    Government agencies, enterprises keen on adopting Zoho's Ulaa web browser

    Zoho may look at monetisation through add-ons from the Ulaa web browser as the product evolves and gains more adoption from enterprises.

  • Ola's Bhavish Aggarwal to enter AI space, registers new company June 01, 2023 09:29 PM IST

    Ola's Bhavish Aggarwal to enter AI space, registers new company

    Aggarwal has registered the company along with Tenneti Venugopala Krishnamurthy who is one of the board members of ANI Technologies ltd which owns Ola Cabs and Ola Electric.

  • Capillary Technologies raises $45 million in Series D funding round June 01, 2023 07:36 AM IST

    Capillary Technologies raises $45 million in Series D funding round

    Founded in 2012 by Aneesh Reddy, Ajay Modani, and Krishna Mehra, Capillary Technologies has a presence across the United States, India, the Middle East, and Asia, in particular, Southeast Asia.

  • Capillary Technologies joins the generative AI bandwagon with AskAira May 09, 2023 11:00 AM IST

    Capillary Technologies joins the generative AI bandwagon with AskAira

    AskAira leverages OpenAI's underlying technology, which also powers the viral AI chatbot ChatGPT, to assist marketers in increasing the return on investment of loyalty programmes.

  • Freshworks' drop in net dollar retention rate not a concern, says CEO Mathrubootham May 04, 2023 07:12 PM IST

    Freshworks' drop in net dollar retention rate not a concern, says CEO Mathrubootham

    Tiger Global sold its entire 23 percent stake in Freshworks just weeks ago and Girish Mathrubootham says he is happy the company fulfilled its responsibilities and generated superior returns for its early backer

  • ‘Saas, Bahu Aur Flamingo’ director Homi Adajania: ‘Those who want old school saas-bahu kitchen politics, won’t find that here’ May 06, 2023 01:23 PM IST

    ‘Saas, Bahu Aur Flamingo’ director Homi Adajania: ‘Those who want old school saas-bahu kitchen politics, won’t find that here’

    Filmmaker Homi Adajania, who makes his OTT debut, and his cast Isha Talwar, Radhika Madan and Angira Dhar talk about their new series ‘Saas, Bahu Aur Flamingo’.

  • ClearTax betting big on crypto tax offerings, expects profitability in next 12 months April 20, 2023 01:27 PM IST

    ClearTax betting big on crypto tax offerings, expects profitability in next 12 months

    Last year, Clear began offering solutions for customers to manage their cryptocurrency portfolio and taxes after the government announced a hefty 30% tax rate and 1% TDS for gains and transfers of virtual digital assets.

  • Chart of the Day: ISG index predicts more pain for as-a-service IT companies April 18, 2023 10:48 AM IST

    Chart of the Day: ISG index predicts more pain for as-a-service IT companies

    Contract awards in the as-a-service market declined 13 percent in March 2023 quarter but IT services are expected to fare relatively better

  • Iron Pillar closes $129 million fund to invest in Cloud and SaaS startups April 05, 2023 12:17 PM IST

    Iron Pillar closes $129 million fund to invest in Cloud and SaaS startups

    The fund will be used to invest in Series B and C stage global cloud companies from India, with a with a strong emphasis on SaaS and Cloud Infrastructure around themes such as cyber security and governance, DevOps tools, future of work and education and automation

  • Tense atmosphere, tough questions rule Freshworks' All-Hands as 114 heads are set to roll March 28, 2023 05:57 AM IST

    Tense atmosphere, tough questions rule Freshworks' All-Hands as 114 heads are set to roll

    Founder and CEO Girish Mathrubootham explained to employees that out of the 114 employees who were affected around 90 are performance layoffs and around 24 are role eliminations.

  • SVB impact: Venture debt firms and investors set up emergency lines of credit for startups March 17, 2023 02:54 PM IST

    SVB impact: Venture debt firms and investors set up emergency lines of credit for startups

    Debt firms and VCs are offering specific credit lines, term loans, EMI and revenue-based financing model fusion for helping startups complete their working capital and payroll commitments.

  • Zoho to hire around 1,300 employees for its new office in Madurai March 16, 2023 07:49 PM IST

    Zoho to hire around 1,300 employees for its new office in Madurai

    In November 2019, Zoho founder Sridhar Vembu moved from Silicon Valley to a village in the Tenkasi district in Tamil Nadu, a move aimed at empowering rural communities.

  • Namma Yatri to use open source maps, optimise cloud cost to help increase driver earnings March 16, 2023 07:13 PM IST

    Namma Yatri to use open source maps, optimise cloud cost to help increase driver earnings

    Namma Yatri app's software, data, and roadmap are open for public review and collaboration and the platform is calling for citizen participation and volunteering to help develop the product.

  • Zoho's Sridhar Vembu calls estranged wife's allegations 'complete fiction' March 14, 2023 05:29 PM IST

    Zoho's Sridhar Vembu calls estranged wife's allegations 'complete fiction'

    Vembu claims that he never transferred shares and said that he will continue to support his wife and son as long as he is alive. He also blamed his uncle for the messy battle.

  • 'Our exposure to Silicon Valley Bank situation is minimal': Freshworks March 12, 2023 10:13 PM IST

    'Our exposure to Silicon Valley Bank situation is minimal': Freshworks

    In the wake of the Silicon Valley Bank (SVB) stock crash and eventual collapse, several Indian Software-as-a-Service (SaaS) companies with US-based operations were withdrawing funds and transferring them to other global banks.

  • Freshworks co-founder and CTO Shan Krishnaswamy quits March 09, 2023 07:28 PM IST

    Freshworks co-founder and CTO Shan Krishnaswamy quits

    In September of 2022, Freshworks CEO and cofounder Girish Mathrubootham informed the employees about Krishnaswamy's exit during a townhall

  • Women-led startups keep funding winter at bay, raise over $4 bn in 2022 March 08, 2023 02:36 PM IST

    Women-led startups keep funding winter at bay, raise over $4 bn in 2022

    While the share of funds raised by women-founded startups has increased over the years, it still remains a small fraction of the overall funding.

  • Despite global challenges, Indian B2B SaaS industry looks promising with 'bullish' outlook for 2023: Report February 28, 2023 08:46 PM IST

    Despite global challenges, Indian B2B SaaS industry looks promising with 'bullish' outlook for 2023: Report

    According to the report, a majority of Indian SaaS firms, specifically eight out of ten, are aiming for a growth rate of over 50 percent in 2023.

  • Atlassian elevates Bengaluru techie Anutthara Bharadwaj as President February 18, 2023 01:02 PM IST

    Atlassian elevates Bengaluru techie Anutthara Bharadwaj as President

    Prior to this, she had served as the Sydney-headquartered SaaS company’s COO since August 2021. Bharadwaj graduated from R.V. College of Engineering in Bengaluru and holds a Bachelor of Engineering in Computer Science.

  • Indian unicorns sitting on lofty valuations with higher revenue multiples than global peers February 14, 2023 11:55 AM IST

    Indian unicorns sitting on lofty valuations with higher revenue multiples than global peers

    Nearly half of the country’s 107 unicorns that have filed their financial reports for FY22 have a last-twelve-months average revenue multiple of around 30, according to data compiled by Moneycontrol, higher than most geographies, where such multiples are in the range of 15-20 for high-growth companies, investors and bankers said.

  • We see slowdown in growth, average order size has come down: Zoho’s Sridhar Vembu January 31, 2023 08:10 PM IST

    We see slowdown in growth, average order size has come down: Zoho’s Sridhar Vembu

    Not just Zoho Corp but publicly listed IT services behemoths like Tata Consultancy Services, Infosys, Wipro, HCLTech and others are also expecting longer timelines to close deals as clients are approaching tech spending cautiously

  • Zoho Corp’s arm ManageEngine eyes $1 billion in revenue in 2-3 years January 31, 2023 06:14 PM IST

    Zoho Corp’s arm ManageEngine eyes $1 billion in revenue in 2-3 years

    ManageEngine India grew by over 50% YoY in 2022; India will become its second largest global market in three years, top company executives said.

  • India is becoming an innovation economy: B Capital’s Raj Ganguly January 20, 2023 03:29 PM IST

    India is becoming an innovation economy: B Capital’s Raj Ganguly

    The Co-Founder and Managing Partner of B Capital will be betting big on cross-border SaaS, financial inclusion, and the India consumer story with its $2.1-billion growth fund.

  • Event management platform Hubilo lays off 35% of its workforce January 19, 2023 02:32 PM IST

    Event management platform Hubilo lays off 35% of its workforce

    Hubilo will now be focussing more on physical events as the pandemic-led lockdowns and restrictions are removed. The firm had around 330 employees before the layoffs.

  • AI firm Mad Street Den raises $30 million led by Avatar Growth Capital January 18, 2023 08:25 AM IST

    AI firm Mad Street Den raises $30 million led by Avatar Growth Capital

    Founded in 2016 by Ashwini Asokan and Anand Chandrasekaran, Mad Street Den has created AI-based solutions, through its Vue.ai and blox.ai business units, that help retailers grow their business by reducing operational costs through automation and data management.