Friday, 24 March, 2023

Indian SaaS sector can reach $1 tril by 2030

<p>A report by SaaSBoomi says, the Indian SaaS market has the potential to reach $1.3 tril valuation and may employ 500,000 by 2030. The revenue growth by the end of the decade could be $50-$70bn. At present, there are 1,000 SaaS startups in India with 10 unicorns employing 40,000 people. Despite the pandemic, SaaS firms managed to raise $1.5 bn last year. Investment needs to grow by 3-4x, talent by 3-6 x while unicorns need to expand by 10x.</p>