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  • Rohan Murty’s venture Soroco wants to make white collar work more effective Dec 05, 2022 10:23 AM IST

    Rohan Murty’s venture Soroco wants to make white collar work more effective

    Founded in 2014 by Infosys founder NR Narayana Murthy’s son Rohan Murty, Arjun Narayan and George Nychis, Soroco has built a product called Scout that generates a work graph, which maps how teams experience digital work

  • Coimbatore Saas firm Kovai.Co rules out layoffs, will be cautious on new hires, spends Dec 01, 2022 03:00 PM IST

    Coimbatore Saas firm Kovai.Co rules out layoffs, will be cautious on new hires, spends

    SaaS firm looking to add 40-50 people in 2023 and eyes revenues of $30 million by 2025.

  • Zetwerk acquires US-based Unimacts for $39 million, to clock a revenue of $1 billion in FY23 Nov 30, 2022 05:29 PM IST

    Zetwerk acquires US-based Unimacts for $39 million, to clock a revenue of $1 billion in FY23

    Zetwerk is presently well capitalised and looking to clock a revenue of $1 billion in revenue for FY23 and is even thinking about going public in the future when market conditions are supportive, said cofounder Amrit Acharya.

  • SuperGaming partners with Google Cloud to help developers make better games Nov 24, 2022 11:00 AM IST

    SuperGaming partners with Google Cloud to help developers make better games

    SuperGaming is bringing its game engine SuperPlatform to developers across the world via Google's cloud unit.

  • Zoho Books’ India revenue up 81% in 2021 Nov 19, 2022 07:22 AM IST

    Zoho Books’ India revenue up 81% in 2021

    The biggest challenge is acquiring customers. However, while the Customer Acquisition Cost has gone up due to macroeconomic pressures, Zoho is seeing strong retention rates.

  • Contentstack bags $80 million in Series C funding led by Georgian, Insight Partners Nov 15, 2022 06:44 PM IST

    Contentstack bags $80 million in Series C funding led by Georgian, Insight Partners

    Georgian’s Lead Investor Emily Walsh to join the Contentstack board along with Contentstack CFO David Overmyer

  • SaaS unicorn Darwinbox opens new global headquarters in Hyderabad, plans IPO in 3 years Nov 14, 2022 12:24 PM IST

    SaaS unicorn Darwinbox opens new global headquarters in Hyderabad, plans IPO in 3 years

    The SaaS unicorn is planning to go for an IPO in the next three years and charts plans to turn profitable by FY2024

  • SaaS firms brace for rough ride as macroeconomic conditions worsen Nov 10, 2022 01:32 PM IST

    SaaS firms brace for rough ride as macroeconomic conditions worsen

    While many investors still bat for the sector calling it “just another cycle of correction”, there is fear that valuations for SaaS companies will see sharper cuts as more layoffs and cost rationalization are on the cards.

  • HR tech startup Keka secures $57 million from WestBridge Capital Nov 09, 2022 04:39 PM IST

    HR tech startup Keka secures $57 million from WestBridge Capital

    Founded by Vijay Yalamanchilli in 2015, Keka is an HR tech platform in India for small and medium enterprises with 20-5,000 employees.

  • AI firm Mad Street Den acquires New York-based Inturn Nov 08, 2022 05:21 PM IST

    AI firm Mad Street Den acquires New York-based Inturn

    Inturn offers enterprise solutions to help companies manage unsold inventory across all verticals. Presently, Inturn supports some of the largest global brands and retailers like Unilever, Kind, and more.

  • Tiger Global and Sequoia-backed SaaS unicorn Chargebee lays off 10% staff Nov 03, 2022 08:26 AM IST

    Tiger Global and Sequoia-backed SaaS unicorn Chargebee lays off 10% staff

    In a letter shared with the Chargebee’s team, Subramanian wrote that the company changed its hiring plan to align with priorities.

  • Freshworks posts 37% rise in Q3 revenue at $128.8 million, reduces growth forecast Nov 02, 2022 09:10 AM IST

    Freshworks posts 37% rise in Q3 revenue at $128.8 million, reduces growth forecast

    Despite the slow growth in the economy, CEO Mathrubootham said that the firm witnessed steady growth in markets like North America, in the mid-market enterprise segment.

  • SaaS unicorn Icertis raises $150 million in debt financing from Silicon Valley Bank Oct 27, 2022 01:00 PM IST

    SaaS unicorn Icertis raises $150 million in debt financing from Silicon Valley Bank

    Amid a funding crunch, there has been an uptick in alternative funding models like venture debt. Icertis, an enterprise contract management platform, is among the first unicorn to raise debt

  • Devtron raises $12 million from Insight Partners Oct 26, 2022 07:47 PM IST

    Devtron raises $12 million from Insight Partners

    Devtron plans to use the funding to scale its team, drive adoption of its platform and expand into new markets

  • Zoho joins ONDC, will help sellers to set up online stores Oct 26, 2022 03:08 PM IST

    Zoho joins ONDC, will help sellers to set up online stores

    Zoho's e-commerce platform Zoho Commerce will allow sellers and existing customers to set up online stores and on-board ONDC, the company said in a media statement on Wednesday.

  • Inside Google Workspace's strategy to bank on future of work Oct 25, 2022 12:48 PM IST

    Inside Google Workspace's strategy to bank on future of work

    Being the preferred choice for Millennial and Gen Z, Google sees significant growth headroom in the coming four to five years as more people from the next generation enter and lead workforces.

  • Avataar Venture Partners launches $350 million Fund II to back SaaS and B2B tech startups Oct 17, 2022 07:44 AM IST

    Avataar Venture Partners launches $350 million Fund II to back SaaS and B2B tech startups

    Avataar’s portfolio includes some of India’s top global SaaS companies such as media software unicorn Amagi and India’s first SaaS IPO and global leader in travel and hospitality RateGain

  • Layoffs will be the absolute last thing at Zoho, it destroys employee loyalty: CEO Sridhar Vembu Oct 14, 2022 01:31 PM IST

    Layoffs will be the absolute last thing at Zoho, it destroys employee loyalty: CEO Sridhar Vembu

    Zoho’s Vembu stressed the importance of building long-term goals to sustain in tough economic situations.

  • LeadSquared FY22 revenue doubles to Rs 193.5 crore but losses widen to Rs 62 crore Oct 12, 2022 07:17 PM IST

    LeadSquared FY22 revenue doubles to Rs 193.5 crore but losses widen to Rs 62 crore

    The company's expenses shot up to around Rs 262.3 crore from Rs 113.3 crore in the previous year. Employee benefits accounted for around 54% of the total expenses

  • Headcount management startup TeamOhana raises $4 million in seed funding Oct 07, 2022 08:56 PM IST

    Headcount management startup TeamOhana raises $4 million in seed funding

    Founded in 2021 by Tushar Makhija and Baishampayan Ghose helps companies to plan and manage headcount. The platform offers products to help company's personnel planning, empowering all teams to collaborate and execute strategic hiring plans on time and within budget.

  • Billing automation firm Zenskar raises $3.5 Mn led by Bessemer Oct 04, 2022 06:10 PM IST

    Billing automation firm Zenskar raises $3.5 Mn led by Bessemer

    The firm plans to utlise the funds towards to hiring and upskilling engineering talent, accelerating product development and advancing its go-to-market initiatives

  • Early-stage venture capital firm SphitiCap launches $500 million maiden fund Oct 04, 2022 01:18 PM IST

    Early-stage venture capital firm SphitiCap launches $500 million maiden fund

    In a statement, the VC firm said its maiden fund will invest in cleantech, fintech, deeptech, agritech, proptech, SaaS, digital media, direct to consumer, spacetech, defence, and logistics and supply chain.

  • SaaS firms freeze or cut down hiring as US recession looms Sep 30, 2022 01:22 PM IST

    SaaS firms freeze or cut down hiring as US recession looms

    Companies are hiring judiciously as they worry about the impact of the US slowdown on business. HR experts say SaaS firms should use the opportunity to make business processes more efficient.

  • We don't do 24-month projects, we can deliver in a few weeks: Snowflake India MD Sep 29, 2022 12:56 PM IST

    We don't do 24-month projects, we can deliver in a few weeks: Snowflake India MD

    While multi-cloud managed SaaS from Snowflake has been present in India and the Southeast Asia region, Vimal Venkatram became its first hired employee in the region about three and a half years ago. He says India is a big market for Snowflake as it is set to get its first public sector project here.

  • Capillary Tech names Sameer Garde as CEO, cofounder Aneesh Reddy to serve as vice chairman Sep 28, 2022 03:13 PM IST

    Capillary Tech names Sameer Garde as CEO, cofounder Aneesh Reddy to serve as vice chairman

    Garde is an alumnus of IIT Delhi and IIM Calcutta. He started his career with Nestle as an Area Sales Manager in India, and then worked with Whirlpool as a Regional Director for West in India and as a Brand Head in Western Europe.