India Would Have 2-3 $1 Billion Revenue SaaS Companies Within Few Years: Bain & Company’s Arpan Sheth

Ease of Doing Business for MSMEs: Indian SaaS entities are increasingly tapping into new segments including small and medium enterprise (SME) and under-penetrated verticals that have been witnessing growth in software adoption with increasing digital penetration and shift from manual processes.

Ease of Doing Business for MSMEs: While there is a wide appreciation of Indian software-as-a-service (SaaS) startups such as Zoho, Freshworks, Druva, Capillary, InMobi, and more globally, but the country can have as many as three SaaS businesses with more than $1 billion in revenues in the coming years. “We talk about the number of companies having greater than $100 million annual recurring revenue (ARR) being 4-5, but my sense would be that within a few years we would have two or three that are over $1 billion in revenues,” Arpan Sheth, Senior Partner, Bain & Company told Financial Express Online. Sheth leads the firm’s Asia-Pacific technology, vector, and advanced analytics practices along with its private equity and alternative investor practices in India.

Source: Financial Express

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