India now has 13 SaaS unicorns and between 7 and 9 companies with $100 mn+ annual recurring revenue (ARR)
SaaS technology | SaaS industry | Indian companies
The Indian Software as a Service (SaaS) landscape continues to mature rapidly, with companies driving heightened investor interest.
This spans both early-stage companies, with an 85% increase in average value of seed rounds over 2019, and later-stage ones, with a 20 percentage point increase in share of Series D+ funding rounds over 2019. Key findings from Indian SaaS Report 2021 by Bain & Company.
SaaS is driving value creation in 4 ways:
- 100% growth in exits, from 6 in 2018 to 12 in 2021
- Strong ARR-to-funding ratio in line with global SaaS peers
- Creation of a strong talent pool
- New firms founded by ex-employees of Indian SaaS companies
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First Published: Mon, December 06 2021. 23:32 IST