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List of the largest SaaS companies in Thailand

Top SaaS Companies in Thailand

These are the top SaaS companies in Thailand. In todays day and age its possible to launch a company from anywhere. We wanted to show some love for Thailand by featuring these 31 companies with combined revenues of $41.3M.

Together, Thailand SaaS companies employ over 614 employees, have raised $35.4M capital, and serve over 3M customers around the world.

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Highlights

Top SaaS Companies with $5 - $10M ARR


Top SaaS Companies with $10M+ ARR


01
HPGT
HPG Technology

CRM and Related Software

HPG Technology provides the software solution as a service.HPG Technology provides software as a service including simple web design&hosting services to application specific software services, e.g. CRM, Social&Business collaboration. Outstanding HPG services include OpenSource consulting services, OpenSource support services. Recently, by partnering with HiT Software Inc., HPG Technology provides high performance relational database access services through HitSW products for web and client/server applications including .NET, ODBC, JDBC, and OLEDB SQL middleware products for IBM DB2 Server access; Allora XML-RDB transformation middleware; DBMoto data replication for relational databases including DB2, SQL Server and Oracle databases as well as others; and SafeConduct data security for new and legacy application access across the Internet.

$14M
-
-
166
2004
Thailand
02
KYKLO
KYKLO

Content Management Systems

KYKLO enables wholesale distributors to create their own webstore, using its white-labeled e-commerce platform.

$4M
$10M
35
41
2015
Thailand
03
E
Eko

Entertainment

Provider of a communication platform designed to revolutionize the way people work. The company's communication platform connects all employees and enhance communications by allowing teams to easily collaborate on projects and send e-forms, reports and other updates, enabling enterprises to create an efficient and productive team.

$3M
-
-
37
2012
Thailand
04
BAT
Block Aero Technologies

Blockchain Software

Block Aero Technologies is a blockchain enterprise PaaS startup that is transforming aerospace into a fully digitized industry.

$3M
$3M
-
26
2017
Thailand
05
N
Nimble

CRM and Related Software

Our social CRM for Office 365 and G Suite helps you manage relationships in real, responsive ways.

$2M
$13M
10K
52
2012
Thailand
06
SKOOTAR
SKOOTAR

Delivery Service Software

Developer of an online courier service booking platform designed to deliver goods and parcels in a convenient and reliable way. The company's online courier service booking platform matches the customer's request for document, parcel and food delivery with on-demand motorbike messenger and delivers the packages in a single trip, enabling customers to design their document workflow routes and get their things delivered quickly.

$2M
$420K
10K
25
2014
Thailand
07
RR
Retail Rocket

E Commerce Software

Retail Rocket - is a b2b SaaS product aimed at eCommerce projects; - uses self-learning big data models to increase eCommerce revenue through personalized product recommendations; - provides easy to implement hi-end technologies previously available only for biggest online retailers; - provides a full set of tools to easily integrate the product in any eCommerce website in less than 30 minutes.

$2M
$450K
1K
46
2013
Thailand
08
M
Manatal

Hr Software

$2M
$5M
-
47
2017
Thailand
09
SOR
ScoutOut Recruitment

Social Recruiting

ScoutOut offers affordable, powerful integrated software suite for business of all sizes to recruit better with reduced hiring costs. Trusted by over 24,000 companies to streamline hiring process. ScoutOut ATS Simple to use Applicant Tracking System ScoutOut ATS has been designed to simplify the complex hiring process with customizable steps to hire the best for all job types. Organized with everything in one place; applicant status, resume, interview schedules and comments. ScoutOut Referral App is a social recruitment platform that puts job scouting at the tip of your finger. No resumes, no formalities, just friend-to-friend, the way it should be. With our system anyone can be a headhunter Scout your friends for their dream jobs and get rewarded for it. Painless and Paperless At ScoutOut, we believe job hunting should be less about paper and more about people. Exciting opportunities await you and your friends. Rewards and Much More Earn rewards and other incentives when you sug

$2M
-
2M
20
2016
Thailand
10
3STF
30SecondsToFly

Artificial Intelligence Software

A.I. Powered Travel Agency Automation

$1M
$2M
-
15
2016
Thailand
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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.