Mindtree’s Ravanan may start up with SaaS company
The new company is not searching for funding outside, will focus on healthcare and manufacturing sectors.
Indian SaaS startups need to turn inwards to move forward
There is a myth among the local VCs that small business in India only uses pirated ...
Desi demand spices up the Indian SaaS story
A recent NASSCOM report said that the Indian SaaS market is estimated to hit $3.3-3.4 billion by ...
SoftBank will have ‘last laugh’ with WeWork deal, Bernstein says
WeWork’s ability to gather data about office-use and optimize layouts, while not entirely substantiated, could prove disruptive to the industry, he added. He estimates that WeWork’s revenue will rise from $720 million a quarter to about $1.5 billion if it can push occupancy to 90% on its current portfolio.
Can IT products see 10x growth?
Most conversations about the technology industry in India are centred on the behemoth-sized tech services or the accelerating e-commerce/ fintech sectors. The product story is somewhere in between — we want to be a product nation, build IP and create the multiplier impact that products can enable. But how do we bring this story mainstage?
Digital, performance take top floor in TCS’ new pyramid
TCS is also increasing the proportion of variable pay that’s linked to performance for experienced engineers.
Harmeet Singh is new CEO of RateGain
RateGain, which counts PE major TA Associates as its sole institutional backer, will see current CEO Bhanu Chopra transition to the chairman’s role and undertake more client-facing and product development duties.
Y Combinator sees more Indian startups now solving local problems
In March, Y Combinator conducted interviews for shortlisted applicants in Bengaluru, the first time it has hosted interviews outside the United States.
Late-stage Indian startups bulk up its boards with independent hands
Oyo, Ola, Freshworks, Flipkart and Paytm are mong leading home-grown tech ventures that have brought in industry veterans to address compliance and governance issues.
Druva crosses $100 million in annual recurring revenue
The growth has been driven largely by increasing cloud adoption and a shift to SaaS (software as a service) delivery for data protection. Earlier this year, the company had announced that it had raised $130 million in late-stage funding at a valuation of more than $1 billion.
TCS launches SaaS platform for FIs to automate asset servicing
It is targeted at custodians, broker dealers, asset managers and investment and private banks, TCS said in a statement.
Vodafone Idea, Nokia come together to help startups with cloud solutions
Some of the key benefits include, seamless connectivity and performance enhancement to clouds such as IaaS and SaaS.
Avataar Venture Partners to invest $300 million in B2B and SaaS companies
Avataar Venture Partners will typically put in $10-$30 million in its portfolio companies, aiming to make about 10 investments from its maiden fund.
Knowlarity Communications on track to cross Rs 100 cr in domestic revenue
CEO Yatish Mehrotra told ET that business had grown by 50% in the first half of this year.
Accel raises $550 million sixth India fund
One of the most prominent VC firms in Silicon Valley, Accel said it will continue to scout for early-stage deals across consumer internet, enterprise, financial services, healthcare, and Software as a Services (SaaS) startups. The Bengaluru-based Accel India’s $450 million fund saw 70% of its investments in the range of $2 million or less.
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