By FMTeam Did you know that it was actually way back in 1999 when the first-ever SaaS company came into the picture and became a hit? Yes, we are talking about Salesforce which became super famous because of its tools to help out businesses with customer relationship management. And 25 years later, today, SaaS companies are considered one of the most profitable ones. On top of that, there is actually no shortage of these companies in India. There are many names in India that are providing Software as a service to solve some paint points or real problems of many, and that’s the very reason we have come up with this post today. Here we are going to take a good look at the top 10 leading SaaS companies in India as of 2024. So, let’s get to just that right away.
1. Freshworks
You could start a business in a small shed in Chennai and grow it into the world’s biggest provider of software for engaging customers, how does that sound? Well, it happened in real life and it is Freshworks that we are talking about here. In 2010, Girish Mathrubootham and Shan Krishnasamy started Freshworks. Since then, the company has been on an amazing ride. Freshworks is a company with offices in Chennai and San Mateo, California. Its offerings, such as Freshdesk and Freshservice, are very good. Just so you know, Freshworks has more than 67,000 customers around the world, and it uses AI to improve the user experience and make processes run more smoothly.
2. Zoho
Sridhar Vembu came up with the idea for Zoho Corporation, which has been a game-changer since 1996, that’s for sure. Zoho is one of the few self-funded SaaS companies to make $1 billion a year. It is known for having more than 55 business apps. Zoho is based in Chennai and is all about privacy and innovation, you know? It owns its data centers to make sure that it has full control over all of its data.
3. Druva
When Jaspreet Singh started Druva in 2008, it changed the way cloud data is managed and protected. Druva’s cloud-native platform gets rid of the need for standard hardware. The company is based in Sunnyvale, California, but has a lot of operations in India. The company’s growth is due to its creative approach to data resilience, which brings in more than $200 million a year in recurring income, you know? All in all, their $10 million Data Resiliency Guarantee shows how much they care about being safe online.
4. BrowserStack
BrowserStack, which was created by Ritesh Arora and Nakul Aggarwal in 2011, has changed how app developers test their work. BrowserStack is based in Dublin, Ireland, and its cloud-based tool helps run more than two million tests every day, and that’s pretty amazing if you think about it for a sec. BrowserStack keeps adding new features and is known for making smart purchases like Percy and Nightwatch.js. And you should really know that BrowserStack has been named to the Forbes Cloud 100 list for the fourth time.
5. Keka HR
The company Keka HR was started by Vijay Yalamanchili in 2016 and has quickly become the best place in India to get HR technology. Just so you know, Keka is an Indian company based in Hyderabad that makes HR tasks easier by providing a single tool that handles payroll, leaves, attendance, and performance management. Talking about the recent stuff, getting $57 million in Series A funding, which is the biggest amount of money ever given to a SaaS company in India, has allowed Keka to offer a lot more.
6. CleverTap
Imagine getting $775 million in funding for your business in just one round! That’s how well CleverTap has done since it was started by Sunil Thomas, Suresh Kondamudi, and Anand Jain in 2013. Just for the introduction, you see, CleverTap, which has offices in Mountain View and Mumbai, is great at keeping customers and getting new ones. Their Series D funding, which was led by CDPQ, has helped them grow internationally and make new products. All in all, over the years, they’ve gotten better at mobile ads by buying companies like Leanplum and Patch.
7. Whatfix
Whatfix is one of the best digital adoption solutions right here in India. It was started by Khadim Batti and Vara Kumar in 2013. Whatfix is an app that offers real-time training and advice, and recently, they’ve improved their AI-powered personalization and learning management by getting a lot of money from the SoftBank Vision Fund and making smart deals. And just so you know, it has more than 250 customers, including more than 100 Fortune 1000 companies.
8. WebEngage
WebEngage was started by Avlesh Singh and Ankit Utreja in 2011. Clients or customers choose WebEngage for specific purposes, you know, customer retention and engagement. All in all, WebEngage’s full-stack marketing automation tool personalized interactions across multiple channels. And yes, WebEngage is a leader in email and SMS marketing, and it helps over 600 clients, such as IKEA and Unacademy, with their difficult customer journeys. The news is that WebEngage recently got funding from Singularity Growth Opportunities Fund and SWC Global.
9. Mindtickle
Krishna Depura, Mohit Garg, Nishant Mungali, and Deepak Diwakar started Mindtickle in 2011. It has grown to become a leader in sales support all around the world, especially right here in India. Mindtickle has offices in both Pune and San Francisco. Their platform helps sales teams do better by teaching them and letting them keep learning. Their product line has grown thanks to a strategic focus on the U.S. market and a lot of money from the SoftBank Vision Fund.
10. HackerRank
HackerRank is the best place to find and hire expert talent, you know? It was created by Vivek Ravisankar and Hari Karunanidhi in 2012. HackerRank is a company based in Mountain View that rates developers by giving them coding tasks and real-world tests. Just so you know, HackerRank works with over 2,500 companies around the world, such as Amazon and LinkedIn, to find plagiarism using AI and to give uniform role-based tests.
Conclusion
There you have it. As you saw, these companies had the vision to solve some real pain points or problems of specific groups of people, and they delivered just that by coming up with a SaaS idea. And the rest you know, these are probably one of the leading and biggest names in the SaaS scene right here in India.