Indian SaaS industry got more sassy

Three Indian software-as-a-services (SaaS) — MindTickle, Chargebee and BrowserStack — were all valued at over $1 billion this year. The companies joined Freshworks, Postman, Zenoti, Highradius and Druva in the unicorn club.

Overall, India has over 9 SaaS companies in the unicorn club without counting Sridhar Vembu-led Zoho, a bootstrapped startup with a revenue of $584 million (₹4,385.99 crore) in FY2020.

According to a report by investment firm Chiratae Ventures and consulting firm Zinnov last month, the Indian SaaS segment has the potential to clock a total turnover of $75 billion by 2025.