These are the top SaaS companies in Coimbatore, India. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Coimbatore by featuring these 3 companies with combined revenues of $8.6M.
Together, Coimbatore SaaS companies employ over 153 employees, have raised $0 capital, and serve over 1M customers around the world.
Information Technology Software
Owner and operator of an industrial IoT company intended to empower customers through implementing factory of the future. The company's SaaS based digital manufacturing platform explore the impact of change in manufacturing performance index for data-driven decision making, increase production visibility and improve planning efficiency through real-time monitoring, optimize energy utilization through connected plant utility management, predict breakdowns and reduce inventory through digital autonomous maintenance, enabling customers to get systems and business values cater to their requirements.
Provider of an online doctor consultation platform intended to offer ultimate convenience and premier health care service. The company's online doctor consultation platform provides various channels for contacting doctors such as posting as a health query or booking a slot for real time face-to-face consultation over HD video and phone, enabling users to consult qualified physicians sitting back at home.
Account-Based Marketing Software
B2B data provider
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.