Saas

Housing society management app MyGate on Thursday announced an offer to buy back shares held by employees under its stock ownership plan (Esop).The company is offering employees across all roles and business verticals who have worked for more than four years the opportunity to cash out 20% of their vested shares.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of BusinessISB Professional Certificate in Product ManagementVisitIIT DelhiIITD Certificate Programme in Data…

Lightspeed-backed homegrown generative artificial intelligence (AI) startup, Sarvam AI is working towards launching its first commercial 'voice-to-voice endpoint' in the next six to twelve months, cofounder Vivek Raghavan said on Thursday at a session at an annual event for Software-as-a-Service (SaaS) startups, SaaSBoomi.“You can expect these kinds of voice-to-voice endpoints in at least 10 (Indian) languages and you can expect some experiences built upon this and also there are example experiences in the sense that…

As Indian software startups continue to target international markets, the global market share of SaaS products from India is expected to reach 8% by 2028, a latest report from advisory firm 1Lattice and venture investor Sorin Investments led by veteran dealmaker Sanjay Nayar said. The Indian SaaS market is also expected to touch $37 billion in market size by 2028, from $12 billion presently, the analysis showed. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIndian School of…

If you’ve ever traveled in rural areas in France, you may have realized a French peculiarity. Even in the seemingly less populated towns, there’s a hair salon. French startup Planity has been taking advantage of France’s love affair with hair salons to launch a SaaS product for these businesses in particular. Over time, the company expanded to other types of beauty salons, such as barbers and nail salons. And it has been working surprisingly well as there are now more than 40,000 small businesses relying on Planity…

After SaaS (software-as-a-service) and CPaaS (communication platform-as-a-service), a new acronym is emerging for the tech world--DaaS (DPI-as-a-service).As world leaders increasingly recognise the importance of digital public infrastructure in diplomacy, statecraft and development, a group of technologists is proposing digital public infrastructure (DPI)-as-a-service model for faster adoption of digital public goods (DPGs), especially in countries with a population of less than 1 million.Elevate Your Tech Prowess with…

Software asset management — an area of enterprise IT designed, in part, to help companies save money — continues to draw a lot of money itself. In the latest development, Xensam — a startup out of Stockholm that provides AI-based tools to help businesses understand and track where and how software is being used — has raised $40 million, its first outside funding since being founded eight years ago. The funding is coming from a single investor, Expedition Growth Capital out of London. Oskar Fösker, Xensam’s CEO who…

Global software-as-a-service (SaaS) company Zoho has reported consolidated revenue of Rs 8,703 crore in the financial year 2023 (FY23), up nearly 30% (year-on-year). The Sridhar Vembu-led Zoho's consolidated net profit was at Rs 2,836 crore, which increased marginally by 3% (year-on-year) due to an increase in expenses, according to its consolidated financial statements with the Registrar of Companies (RoC).Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM KozhikodeIIMK Advanced Data…

Perfios Software Solutions Pvt., an Indian technology company backed by Warburg Pincus, is considering an initial public offering that could raise about $500 million in India, according to people familiar with the matter.A potential IPO could value the Bangalore-based company at about $2 billion, the people said, asking not to be identified because the deliberations are private. Perfios is seeking to hire banks to help arrange a share sale that could take place as early as this year, the people said.Elevate Your Tech…

Revenue-based financiers are increasingly seeing an opportunity in cash-flow based lending in India’s early-stage software startups segment, as equity funding gets expensive and the bar for investment gets higher.Over the past month, revenue-based financiers such as GetVantage and Velocity have set aside a dedicated corpus of Rs 250 crore and Rs 300 crore, respectively, to meet the growing demand for this kind of debt financing in the software-as-a-service (SaaS) industry.Elevate Your Tech Prowess with High-Value Skill…

Swiggy’s largest investor Prosus is likely to be tagged a promoter in the company as plans for trimming stake ahead of an initial public offering (IPO) haven’t materialised. Details of this and more in today’s ETtech Morning Dispatch.Also in this letter:■ Online gaming’s latest conundrum■ Udaan CFO resigns■ GenAI in customer engagementNaspers’ Prosus may be tagged promoter in Swiggy’s $1 billion IPO As food and grocery delivery platform Swiggy prepares for its $1 billion IPO, its largest investor Prosus might be tagged…