These are the top SaaS companies in Bangalore, India. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Bangalore by featuring these 101 companies with combined revenues of $791.7M.
Together, Bangalore SaaS companies employ over 8K employees, have raised $2.1B capital, and serve over 202M customers around the world.
Information Technology Software
Intrinsic Technology Ltd was acquired by Maintel Europe Limited in 2017. Maintel is a leading systems integrator and managed services provider, delivering effortless communications solutions to a broad spectrum of businesses in the UK and internationally. For further information about our products and services and to receive updates about us and industry news, please visit Maintelâ€™s LinkedIn page https://www.linkedin.com/company/Maintel or find us on Twitter @Maintel.
Social Media Marketing Software
Social networking and regional content
Provider of an online bus ticketing service. The company enables users to book bus tickets through phone, home delivery, physical outlets or even SMS.
Cloud Platform As A Service (Paas) Software
Provider of cloud-based phone call services. The company develops a business intelligence platform that offers virtual phone numbers and telephony applications in India.
Financial Services Software
Open is a neo-banking platform for SMEs and startups that enables businesses to manage their finances effectively.
Greytip is a 'HR & payroll solutions & services' provider. They claim to deliver excellent value and ROI equally well for both SME and large enterprises. Most recently the latest value addition is the 'SAAS' version of it's products.
Developer of a sports platform intended to provide sports news. The company's platform is the digital sports property in Asia covering 40 sports driven through content publication, social amplification, direct engagement and transaction, enabling sports lovers to connect and grab the latest sports updates.
Teachmint is an online learning platform that focuses on tutor-student connectivity.
India's most popular SaaS based hiring platform meant for large and mid-market enterprises, with a light version for SMEs
Project Management Software
Developer of an online project management platform designed to manage projects online and in real-time. The company's platform allows users to execute project deliverables on a secure, mobile-accessible, cloud-based platform, enabling engineers to manage manpower efficiently, track and share documents without manual intervention, monitor work progress in real time, enforce quality procedures with 100% accuracy and collaborate effortlessly from anywhere.
What are the fastest growing companies doing?
83 of the fastest growing companies that also have the most revenue have a clear expansion revenue strategy. On average, sales reps are selling plans where starting contract value is $4,606.
Those same companies employ 1,678 sales reps that carry a quota. The most common compensation plan used by these companies is a 1:5 ratio of sales rep on target earnings (OTE) to quota. Meaning if a rep can earn $200k in base and commissions, quota target for that year is set at 5x, or $1m in new ARR closed.
If you’re going to build a high growth SaaS company, you need to figure out how to scale with quota carrying sales reps.
Which CEO’s are the most efficient capital allocators?
We can measure this a variety of ways. Which company has the most revenue per employee? What about dollars in revenue compared to dollars raised? What about time, which founder went from $0 to $10m the fastest?
Looking deeper at dollars in revenue compared to dollars raised, bootstrappers take the cake because they self fund (denominator zero). When we look at companies that have raised at least $1m, Actito is the clear winner generating $21m in revenue, growing 100% yoy, on just 1m raised ($.05 dollars raised for every $1 of revenue).
Omnisend comes in a close second with $.08 dollars raised for every dollar of revenue. Doing $19m as of December 2020. Proposify gets honorable mention with $0.46 dollars raised (3.25m) for every dollar of revenue ($7m).
The worst performers here are companies like YayPay with $3.68 dollars raised ($14m) per dollar of revenue ($3.8m). Many of the worst performers just did a round of funding and haven’t had a chance to deploy to drive growth yet. That makes this data less valuable but still illustrative.