In this podcast, Radhesh tells us about his days at IBM and his pivotal role in the IBM India Startup Initiative program. It was during this time that he identified the pressing need for a specialised B2B SaaS Fund, which sparked his journey into the Venture Capital landscape. Now, he’s committed to sharing his knowledge and expertise with budding entrepreneurs, aiming to propel India towards becoming a leading force in the SaaS industry.
B2B SaaS Industry In India
The B2B SaaS sector in India has seen remarkable growth, with startups raising over $4 billion in funding between 2021 and 2023, according to Tracxn. This surge is driven by the increasing demand for digital transformation tools among enterprises globally, with Indian startups like Zoho, Freshworks, and Chargebee leading the charge.
Venture capital interest remains strong, as investors recognize the scalability and recurring revenue potential of B2B SaaS models. In 2023 alone, the sector saw a 20% increase in deal volume, with average ticket sizes rising by 15%, indicating growing confidence in the market’s maturity and long-term potential.
As India continues to establish itself as a global SaaS hub, the B2B SaaS space is expected to attract even more capital, with projections suggesting a compound annual growth rate (CAGR) of 30% over the next five years, according to NASSCOM.
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