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List of the largest SaaS companies in Mumbai, India

Top SaaS Companies in Mumbai

These are the top SaaS companies in Mumbai, India. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Mumbai by featuring these 52 companies with combined revenues of $1.3B.

Together, Mumbai SaaS companies employ over 10K employees, have raised $378.7M capital, and serve over 127M customers around the world.

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Highlights

Top SaaS Companies with $5 - $10M ARR


01
JD
Just Dial

Information Technology Software

Just Dial Ltd provides local search related services to users in India through multiple platforms such as Desktop/ PC website, mobile site, mobile apps, over the telephone and text. The company's mobile app is an All-in-One App, replete with features like Map-aided Search, Live TV, Videos, News and Real Time Chat Messenger, Augmented Reality, Online Movie finder, Cricket, Music and Radio to make the life of the consumer infinitely smoother and more engaging. It has also launched an end-to-end business management solution for SMEs, to transition thousands of SMEs to efficiently run business online and have adequate online presence via their own website, and mobile site.

$976M
$67M
125M
7K
1997
India
02
BS
BrowserStack

Cloud Computing Software

Developer of a Saas based web and mobile browser testing platform designed to make developers' lives easier. The company's website testing tool helps developers to test how their websites perform with various operating system, device and browser configurations all through a cloud-based interface, enabling users to quickly and easily test their mobile and web applications across thousands of devices and desktop browsers in order to ensure their software meets and exceeds organizational and customer expectations.

$204M
$250M
50K
757
2011
India
03
HSP
Hurix Systems Private

Supply Chain & Logistics Software

Provider of interactive educational ebooks and rich media learning courses from leading publishers. The company offers online textbooks at discounted rates from well-know publishers, including sample papers, question banks, tests for CBSE, ICSE, State board examinations, IIT-JEE, UPSC, CSAT, NTSE, CAT, AIEEE and more.

$54M
$5M
-
969
2000
India
04
PW
Peel-Works

Retail Software

Developer of a SaaS and big data analytics platform for grocery stores. The company's software platform helps generate insights to consumer goods companies through SaaS and big data analytics and helps grocery stores buy inventory, sell their products and deploy capital, enabling grocers to reduce their operational costs by driving shoppers' loyalty and optimizing inventory.

$11M
$18M
-
248
2010
India
05
L
Legasisservices

Governance

Legal & Compliance Management Solutions

$5M
-
500
100
2006
India
06
MB
MassBlurb

Digital Marketing Solutions

One stop solution for all your online presence and marketing needs

$4M
-
100
51
2014
India
07
QAI
Qure AI

Healthcare Software

Owner and operator of a healthcare technology company intended to make healthcare more affordable and accessible through the power of deep learning. The company's software uses deep learning and deep learning algorithms which is compatible with any X-ray, CT scan or MRI machine, which help in classifying radiology images as normal or abnormal, diagnose disease and highlight abnormalities that may otherwise be overlooked, enabling doctors to diagnose diseases and highlight abnormalities more accurately.

$4M
$16M
-
58
2016
India
08
DS
Data Sutram

Analytics Software

Data Sutram is an AI-based Location Intelligence Enterprise that helps business leverage location based insight.

$3M
$2M
-
33
2018
India
09
B
Biscoot

Application Development Software

Provider of an infotainment website. The company operates a portal which provides information on Bollywood film industry. It also offers a mobile application which contains music, videos, images and gossip across different genres.

$3M
-
-
198
2012
India
10
ES
Emart Solutions

Marketing Software

Developer of a SaaS based platform designed to create programs around communities of employees, suppliers and consumers. The company's SaaS based platform captures stakeholder interactions at all brand touch-points and provides actionable intelligence, enabling users to increase revenue and get insights.

$2M
-
300
87
2009
India
1 - 10 of 50Next

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.