Top SaaS Companies in Karnataka

List of the largest SaaS companies in Karnataka, India (Click to apply)

These are the top SaaS companies in Karnataka, India. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Karnataka by featuring these 103 companies with combined revenues of $2.1B.

Together, Karnataka SaaS companies employ over 57K employees, have raised $20.5M capital, and serve over 275M customers around the world.

$0 - $1M ARR
  1. Springshot $986.4K
  2. Itilite $960.0K
  3. Igauge $882.0K
  4. Infilect $864.0K
  5. zoojoo.BE $812.4K
$1M - $5M ARR
  1. Recko.io $4.8M
  2. SmartQ $4.6M
  3. Worxogo $4.4M
$5M - $10M ARR
  1. Tapzo. $7.7M
  2. Little $7.5M
  1. 01
    Mindtree

    Mindtree

    Analytics Software

    Mindtree Limited is an Indian multinational information technology and outsourcing company headquartered in Bangalore, India and New Jersey, USA.

    $1B

    270

    26K

    1999

    Karnataka

  2. 02
    BYJU'S

    BYJU'S

    Education Software

    Provider of an online learning application. The company offers home-based learning programs for students in grades 4-12, as well as for competitive exams such as the CAT, IAS, GRE and GMAT through video lessons by teachers and adaptive testing modules for

    $390M

    $3B

    40M

    21K

    2011

    Karnataka

  3. 03
    Intrinsic Enablers of Business Agility

    Intrinsic Enablers of Business Agility

    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.

    $193M

    0

    446

    1991

    Karnataka

  4. 04
    redBus.in

    redBus.in

    Travel Software

    Provider of an online bus ticketing service. The company enables users to book bus tickets through phone, home delivery, physical outlets or even SMS.

    $85M

    $10M

    20M

    990

    2006

    Karnataka

  5. 05
    CommonFloor

    CommonFloor

    Real Estate Software

    Provider of a community portal. The company provides tools for resident committees for apartment administration and acts as an information sharing medium for residents.

    $49M

    $63M

    30M

    866

    2007

    Karnataka

  6. 06
    Greytip Software

    Greytip Software

    HR Software

    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.

    $35M

    $10M

    9K

    392

    1994

    Karnataka

  7. 07
    SMARTe

    SMARTe

    Crm And Related Software

    The company primarily operates in the Software industry. SMARTe is headquartered in London, United Kingdom.

    $25M

    300

    479

    2005

    Karnataka

  8. 08
    6d Technologies

    6d Technologies

    Communication Software

    Developer of telecommunications solutions designed to meet operational, business and network goals. The company's integrated messaging platform, integrated bss platform, cloud-based SDP, mobile marketing, subscription manager, unified self-care solutions a

    $19M

    100

    745

    2002

    Karnataka

  9. 09
    Cropin

    Cropin

    Vertical Industry Software

    SaaS based Full-stack Ag-Tech Organization

    $18M

    $20M

    185

    185

    2010

    Karnataka

  10. 10
    Sportskeeda

    Sportskeeda

    Healthcare Software

    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 lo

    $17M

    $3M

    102M

    414

    2010

    Karnataka

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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.