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List of the largest SaaS companies in India

Top SaaS Companies in India

These are the top SaaS companies in India. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for India by featuring these 1,005 companies with combined revenues of $15B.

Together, India SaaS companies employ over 676K employees, have raised $10.9B capital, and serve over 2B customers around the world.

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Highlights

02
S
Spyne

Software as a Service Platform(SaaS)

Provider of software as a service platform intended to help photographers and creative professionals manage their content, marketing and operations. The company's platform offers a suite of tools to manage and share millions of photos, simplify work-life by its intuitive customer relationship management, chatbot, website, analytics and other AI-based automation tools, thus, enabling photographers to share images with their clients and generate favorable reviews.

$10M
$7M
2M
91
2015
India
03
IN
Intelligence Node

Business Management Software

Developer of a retail analytics platform designed to automate retail pricing strategy. The company's platform uses price and merchandising algorithms, enabling businesses to adjust their pricing and assortment in order to gain profit.

$9M
-
100
113
2012
India
04
S
Shipsy

Data Integration Software

Developer of a SaaS based logistics software designed to bring visibility and operational efficiency. The company's logistics software uses data analytics with machine learning algorithms and APIs, enabling logistics company to track parcel, reduce costs and increase adherence to SLAs.

$9M
$8M
15K
134
2015
India
05
BMF
BookMyForex.com

Financial Services Software

Provider of a money exchange and foreign remittance transfer platform. The company provides an online platform to provide forex services, multi-currency cards, cash remittance and travel insurance.

$9M
$12M
3M
113
2011
India
06
DS
DhruvSoft

Information Technology & Services

Dhruvsoft provides Web Design, offshore outsourcing services to small and mid size business and large IT vendors. Dhruvsoft's service portfolio includes Web Development, Google Apps, Microsoft Online Services, Salesforce.com CRM, Graphic and Web design, Search Engine Optimization (SEO), Online Marketing & Analytics, Application Development, Consulting, Offshore Outsourcing and Staffing

$9M
-
-
109
2009
India
07
Z
Zwayam

HR Software

India's most popular SaaS based hiring platform meant for large and mid-market enterprises, with a light version for SMEs

$9M
$2M
-
93
2015
India
08
A
Airwoot

Analytics Software

Airwoot - a smart support helpdesk - empowers brands to engage with their customers on social media. It identifies customers that need help and connects the brand proactively with them in real-time to deliver an exceptional customer support experience....

$9M
-
-
3
2012
India
09
QTPL
Quintype Technologies Pvt Ltd

Analytics Software

API Driven CMS that allows publishers and content creators to create rich content, distribute across platforms, and enable monetization.

$9M
$7M
-
100
2014
India
10
DCRM
Dquip CRM

Marketing Software

List of CRMs for 17 industries. Get CRM pricing, CRM Hosting options, CRM Customisation, 17 CRM Demos and everything on Customer Relationship Management. Big clients trust us.

$9M
-
200
12
2009
India
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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.