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  • Freshworks’ listing is a defining moment for India's IT sector Sep 24, 2021 10:27 AM IST

    Freshworks’ listing is a defining moment for India's IT sector

    Freshworks listing lays a path for India’s start-ups to list in the US market and also heralds the coming of age of India’s software as a service sector (SaaS)

  • Freshworks Nasdaq listing: Feel like an Indian athlete who won a gold medal, says Girish Mathrubootham Sep 22, 2021 07:58 PM IST

    Freshworks Nasdaq listing: Feel like an Indian athlete who won a gold medal, says Girish Mathrubootham

    Girish Mathrubootham-led Freshworks became the first Indian SaaS firm to go public on the US stock exchanges.

  • Freshworks to raise over $1 billion through IPO, valuation jumps to over $10 billion Sep 22, 2021 09:03 AM IST

    Freshworks to raise over $1 billion through IPO, valuation jumps to over $10 billion

    Freshworks has priced its initial public offering at $36 per share, boosting its IPO share price for the second time in the past week. It is set to begin trading on the Nasdaq Global Select Market under the symbol “FRSH” later on September 22.

  • Trend Micro launches its first Cloud One data centre in India Sep 21, 2021 03:57 PM IST

    Trend Micro launches its first Cloud One data centre in India

    The move enables enterprises to securely adopt a SaaS-based security framework.

  • Freshworks boosts IPO price range, expected to list on Nasdaq on September 22 under symbol 'FRSH'. Sep 20, 2021 07:04 PM IST

    Freshworks boosts IPO price range, expected to list on Nasdaq on September 22 under symbol 'FRSH'.

    Freshworks is aiming for a valuation of around $9 billion, according to reports, and will list its stock on the Nasdaq under the symbol "FRSH".

  • Indian SaaS industry revenue may grow 14x to $75.3 billion by 2025: Report Sep 06, 2021 05:01 PM IST

    Indian SaaS industry revenue may grow 14x to $75.3 billion by 2025: Report

    The report by Chiratae Ventures and Zinnov says India’s digital talent will double from 0.8 million in 2020 to 1.5 million in 2025. Indian SaaS companies may fulfill 19% of global SaaS demand by 2025, it adds.

  • Indian SaaS startups have raised $4.3 billion since 2020 Aug 30, 2021 05:06 PM IST

    Indian SaaS startups have raised $4.3 billion since 2020

    Annual revenues generated by SaaS companies stand around $2-3 billion with nearly 40,000 people employed.

  • Religare Broking partners Vested Finance to introduce investment in foreign equities on its platform Aug 17, 2021 03:36 PM IST

    Religare Broking partners Vested Finance to introduce investment in foreign equities on its platform

    With this partnership, Religare Broking will enable investors to directly invest in US stocks that they consume on a regular basis including Apple, Amazon, Netflix, Facebook, etc.

  • MoEngage raises $32.5 million from Multiples PE Jul 31, 2021 11:49 AM IST

    MoEngage raises $32.5 million from Multiples PE

    Customer engagement firm MoEngage has raised $32.5 million led by private equity firm Multiples, continuing dealmaking in the software startup space

  • Hello World | How Indian SaaS is changing as it eyes big enterprise deals Jul 14, 2021 02:35 PM IST

    Hello World | How Indian SaaS is changing as it eyes big enterprise deals

    As India’s software as a service or SaaS companies aim to grow bigger, the old playbook is getting an upgrade. 

  • India’s SaaS companies to open up $1 trillion opportunities, 5 lakh jobs by 2030 Jul 08, 2021 12:27 PM IST

    India’s SaaS companies to open up $1 trillion opportunities, 5 lakh jobs by 2030

    Indian SaaS communities have been one of the beneficiaries of the pandemic as the enterprises embraced digital. Such digital transformations will drive a 60 percent increase in enterprise tech over the next ten years, a report by SaaSboomi and McKinsey said.

  • BrowserStack raises $200 mn Series B round at $4 bn valuation Jun 16, 2021 07:34 PM IST

    BrowserStack raises $200 mn Series B round at $4 bn valuation

    Interestingly, BrowserStack which was founded in 2011, was bootstrapped for 7 years, raising $50 Million in Series A from Accel in 2018.

  • Software startup Slintel raises $20 million led by GGV Capital Jun 10, 2021 08:34 PM IST

    Software startup Slintel raises $20 million led by GGV Capital

    Founded by Deepak Anchala, Slintel helps companies make their sales and marketing efforts more efficient by helping analyse data which indicates who is more likely to be a customer.

  • In 2020, VC exits fell 70% while SaaS matured: Report Mar 17, 2021 12:19 PM IST

    In 2020, VC exits fell 70% while SaaS matured: Report

    Venture capital exits fell 70% in 2020- a result of the pandemic, but SaaS emerged as a rapidly maturing space for startups.

  • Why Indian SaaS startups are stealing the show, why they matter and what next, explained Feb 24, 2021 01:41 PM IST

    Why Indian SaaS startups are stealing the show, why they matter and what next, explained

    They hold much promise and are profitable, but enterprise startups tend to remain out of the spotlight, unlike their better-known consumer internet counterparts such as Flipkart, Uber and Swiggy. Moneycontrol decodes what SaaS companies do, why they are different, and what all the hype is about.

  • EXCLUSIVE: Healthcare startup Innovaccer to enter unicorn club, in talks with Tiger Global for $100-$150 million funding Feb 15, 2021 10:24 AM IST

    EXCLUSIVE: Healthcare startup Innovaccer to enter unicorn club, in talks with Tiger Global for $100-$150 million funding

    The SaaS startup was valued at $400 million last February, when it raised $70 million from a clutch of investors including Tiger Global and Steadview Capital. Innovaccer takes millions of data points such as patient profiles, risk factors and types of disease, and channels that data to digitise solutions for hospitals, clinics and patients

  • Choose your customers, don’t let them choose you, says Zenoti CEO Sudheer Koneru Dec 21, 2020 10:49 AM IST

    Choose your customers, don’t let them choose you, says Zenoti CEO Sudheer Koneru

    India's newest unicorn software startup Zenoti has built a billion-dollar business catering to spas and salons. CEO Sudheer Koneru tells us why he only works with big businesses, how the coronavirus pandemic has proved him right, his IPO plans and more.

  • Exclusive | Companies that aren’t tech-centric will be wiped out, says chief of SoftBank-backed Mindtickle Dec 15, 2020 11:19 AM IST

    Exclusive | Companies that aren’t tech-centric will be wiped out, says chief of SoftBank-backed Mindtickle

    Mindtickle started in 2011 with an aim to gamify the life of boring software companies and make their internal processes more fun. CEO Krishna Depura tells Moneycontrol how the company did this, expanded to the US, pivoted, and even secured funding from Japanese investment giant SoftBank

  • Exclusive: SoftBank in talks to back SaaS startup Mindtickle, valuation to double in a year Oct 12, 2020 07:27 AM IST

    Exclusive: SoftBank in talks to back SaaS startup Mindtickle, valuation to double in a year

    The investment will value Mindtickle at $500-600 million, double the $250 million it was valued at in July last year, when Norwest Venture Partners led a $40 million round.

  • IT firms are on an acquisition spree as they chase changing consumer needs Sep 15, 2020 04:53 PM IST

    IT firms are on an acquisition spree as they chase changing consumer needs

    Coming quarters likely to see more acquisitions as companies look to build capabilities, across technology, geography and industry, to cater to the growing demand.

  • SaaS startups rework plans to thrive in a post-coronavirus world May 27, 2020 12:22 PM IST

    SaaS startups rework plans to thrive in a post-coronavirus world

    These firms are looking at small businesses and also broadening client-base as consumer behaviour changes

  • How Shadow IT poses a threat to your company Sep 29, 2016 07:09 PM IST

    How Shadow IT poses a threat to your company

    Use of non-sanctioned cloud, SaaS (Software-as-a-Service), or personal smartphones for work is called ‘shadow IT‘. Developing applications for workflow management without the involvement of the IT team is also part of shadow IT. Although it is convenient and quickens work, the practice poses several risks.

  • Sri Capital invests $2.3 million in three SaaS startups Jul 19, 2016 10:54 AM IST

    Sri Capital invests $2.3 million in three SaaS startups

    Reddi, Managing Partner of SRI Capital, would join the Boards of all three companies, it said in a statement.

  • 'Don't Scratch Your Head' gets Rs 1.68cr investment from VCats Jul 07, 2016 10:50 AM IST

    'Don't Scratch Your Head' gets Rs 1.68cr investment from VCats

    Venture Catalysts (VCats) has invested USD 250,000 (about Rs 1.68 crore) in Don't Scratch Your Head (DSYH), a SaaS-based logistics reconciliation platform for e-commerce channels.

  • Intense Technologies Announces Multi-year, Managed Services Contract Jun 30, 2016 08:14 PM IST

    Intense Technologies Announces Multi-year, Managed Services Contract

    Intense Technologies, a global enterprise software products company, has announced a multiyear, managed services contract with a leading ...

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