According to Bain & Company report analyses, India is among the fastest-growing SaaS markets in the world and Indian software as a service (SaaS) companies are poised to reach $18-20 billion in revenue and capture 7-9% share of the global SaaS market by 2022. Presently, there are a lot of SaaS startups in the industry serving different sectors, but only some are here to stary and create history. Here is a list of top 5 SaaS startups serving Indian and International markets:
SaaS-based unicorn Freshworks was founded as Freshdesk by Girish Mathrubootham, along with Shan Krishnasamy in 2010 to empower the customer support teams to work with the customers to resolve their issues in an effective and efficient manner. In less than a decade, Freshworks has emerged as one of India’s breakthrough startup with more than 150 companies using its SaaS-based products to run their businesses. It joined India’s coveted unicorn club in 2018. Till date, Freshworks has raised a total of $399 million from prominent investors like Accel, CapitalG, Sequoia Capital, and Tiger Global Management.
Founded in 2016 by Vinayak Shrivastav, Saket Dandotia, and Alok Patil, Toch is a B2B enterprise solution that offers a cloud-agnostic platform that allows process content to be auto-meta-tagged and create a pool of metadata that translates into interactive, bite-size video content. It is a SaaS company with subscription-based model for enterprises and individuals. Toch, a one-of-a-kind media-tech platform built on proprietary AI and ML looks to revolutionize video content by leveraging AI to unlock its true potential.
Superpro.ai is the brainchild of Gaurav Tripathi, Sagar Ramteke, Vivek Kumar, and Vijay Goel, and aims to provide simpler, better, automated video communication workflows and turn professionals into ‘super professionals’ by giving them ‘super tech powers’. With no-code video workflow integration, control and flexibility, and end-to-end data visibility, the platform is the first-of-its-kind in India offering superior tech-driven feature. It is B2B SaaS platform, the company charges businesses on a ‘pay per use’ model and offers a wide array of products including SuperBot – a video communication bot that can be embedded in any webpage and enables businesses to not just capture but engage customers instantly via a video call within the browser itself.
Pune-based Druva is an all-in-one data protection provider. Founded by Jaspreet Singh, along with Milind Borate in 2008, Druva offers complete data protection to its customers by providing services like data recovery, data migration, ransomware protection and cloud backup on demand. Druva has emerged as a leader in the cloud data protection and management industry and it is among the few private companies to generate $100 million in annual recurring revenue. The startup has helped more than 4,000 customers to protect their data while also bringing down the high costs involved with data security by removing the need for all the unnecessary hardware.
Founded by Raviteja Dodda and Yashwanth Kumar in 2014, MoEngage is a SaaS-based mobile-first customer engagement platform. It uses data analytics to help its clients to better understand their customer behaviour and patterns. This understanding helps the companies to boost customer engagement by sending personalized notifications and offers across multiple channels like apps, emails and SMS.