Indian firms selling SAAS products have got a bonanza as companies meet, manage and sell remotely. The top five firms - Zoho, Freshworks HighRadius, Druva, and Icertis - account for 33 per cent of the market share. Chennai, India's SAAS centre, alone generates $1 billion in annual revenue. Yuvraj Malik explains how these companies are planning their next phase of growth.
$47.6 bn capital invested across 921 deals in India in 2020, despite pandemic.
Amazon Web Services (AWS) on Friday announced setting up of its second data centre region in India in Telangana that will be operational by mid-2022, and will see the tech giant investing about Rs 20,761 crore. While AWS did not comment on the investment detail, Telangana IT and Industries Minister KT Rama Rao tweeted that AWS will invest Rs 20,761 crore ($2.77 billion) to set up multiple data centres in the state.
According to a study more than one-fifth of India's product start-ups are from the city.
Indian entrepreneurs increasingly looking to sell their products in US
Anupam Mittal, the fund man behind OlaCabs has lined up more investments.
On the investor side, we realised most of the funds have foreign capital, thus closing down the opportunity to the Indian investor.
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