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Global SaaS - India sector landscape - Tracxn

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  1. 1. JULY 2019 GLOBAL SAAS - INDIA
  2. 2. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Contents Feed Summary Investment Trends Market Details Exit Outlook Investors News Appendix 2 TAKE SHARPER DECISIONS WITH TRACXN ✓ Analyst team Covering 250+ Sectors ✓ Proprietary Business Model tagging ✓ 6000+ On-demand Queries answered ✓ Sector Reports, Market Maps ✓ One-Click Connect with Founders Join 500+ Investors & Corporates to get the Tracxn Advantage
  3. 3. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Contents Feed Summary Investment Trends Market Details Exit Outlook Investors News Appendix 3 Feed Summary Investment Trend Summary Exit Outlook Summary Summary of Key Markets Notable Companies in the Sector Recent News
  4. 4. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on July 13, 2019. Global SaaS - India Feed Summary 4 Global SaaS - India > Feed Summary Indian companies offering SaaS products and applications which are used by Indian and Global Clients. • Inclusions: Companies which are B2B and have an online dashboard for users to login & use it on a web browser from anywhere. e.g. Freshdesk, Capillary Technologies Companies which have both B2C and B2B offerings.e.g. Practo, Crowdfire • Exclusions: Software that has to be installed/downloaded. e.g. FiftyThree, LibreOfficeCompanies/products that aren’t cloud-first. These offer both on-premise and cloud solutions, but their primary offering is on-premise. e.g. MS Office, SAPCompanies which offer subscription based services for content, music streaming etc. are not SaaS companies. e.g. Spotify, SoundCloud, fuboTVDistributors/Consultants of cloud software of companies like Microsoft, Oracle, SAP are not SaaS companies themselves. e.g. Ablebridge, ClaylogixAPI providers are not SaaS. e.g. Twilio, StripeSocial Networks are not considered SaaS, even though they have a web interface. E.g. Facebook, TwitterSaaS companies with only Indian clients. Feed in Numbers Overview $3.8B Funding 12 Mega Companies 306714 FundedCovered on Tracxn 5 Unicorns 29 Soonicorns 77 Minicorns 7 IPO’d Cos 139 Late Stage Cos 29 58 Acquisitions 66 DeadPooled 2 Acquihired Series A+ Cos Ramco (1997, Chennai) Freshworks (2010, Chennai, $250M) Zoho (1996, Chennai) Top Companies
  5. 5. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Investment Trend Summary Summary of Funding Activity in Global SaaS - India 5 $130M - Series G Druva (2008, Sunnyvale, $330M) $50M - Series C Zenoti (2010, Hyderabad, $71.3M) $100M - Series G Freshworks (2010, Chennai, $250M) $50M - Series B Postman (2014, Bangalore, $58M) $80M - Series F Druva (2008, Sunnyvale, $330M) $50M - Series A BrowserStack (2011, Mumbai, $50M) $50M - Series D Icertis (2009, Seattle, $96M) $40M - Series B Saama (1997, Campbell, $75.8M) $50M - Series F Aryaka Networks (2009, Milpitas, $184M) $38M - Series C Uniphore (2008, Chennai, $53.9M) Top Geos of InvestmentEntrepreneurial Activity Funding Trend *YTD *YTD Global SaaS - India > Feed Summary > Investment Trend Summary Seed Accel (#5), Helion Venture Partners (#3), Artha India Ventures (#3) Series A/B Accel (#6), Sequoia Capital (#6), Tiger Global Management (#5) Series C+ IVP (#2), Lightspeed Venture Partners (#2), Insight Venture Partners (#2) Incubators Plug and Play Tech Center (#10), 500 Startups (#5), Techstars (#3) Other Notable Investors LetsVenture (#6), Singapore Angel Network (#6), Hyderabad Angels (#4) Debt Investors InnoVen Capital (#9), BlackSoil (#4), Trifecta Capital (#2) Most Active InvestorsRecent Investments 82 89 45 17 2014 2015 2016 2017 2018 2019* Y-o-Y # of Companies Founded 102 103 83 72 48 27 $1.3B $855M $436M $258M $250M Bay Area Bangalore Chennai Mumbai Delhi NCR $ Funding $538M$362M $719M $416M $454M $446M $922M 46 2014 2015 2016 2017 2018 2019* $ Funding # Rounds
  6. 6. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Summary of exit outlook in Global SaaS - India Exit Outlook Summary 66 Most Active AcquirersTop Investors in Exits Sequoia Capital 3 Druva (2008, Sunnyvale, $330M) Freshworks (2010, Chennai, $250M) Nexus Venture Partners 2 Druva (2008, Sunnyvale, $330M) Aryaka Networks (2009, Milpitas, $184M) Accel 2 Freshworks (2010, Chennai, $250M) redBus (2006, Bangalore, $10M) Accord International 1 Druva (2008, Sunnyvale, $330M) Indian Angel Network 1 Druva (2008, Sunnyvale, $330M) Oct 2018 Mettl Acq by Mercer for $40.4M Mar 2018 Minjar Acq by Nutanix for $50M Mar 2017 DataRPM Acq by Progress for $30M Jan 2015 ZipDial Acq by Twitter for $30M Mar 2014 Skillsoft Acq by Charterhouse Capital Partners for $2B Jun 2013 redBus Acq by Ibibo Group for $139M Global SaaS - India > Feed Summary > Exit Outlook Summary Freshworks 4 Zarget (Aug 2017), Pipemonk (Jan 2017), Konotor (Dec 2015) Snapdeal 3 Unicommerce (Mar 2015, $5.7M), TargetingMantra (May 2016), MartMobi (May 2015) Cisco 2 Cmpute (Dec 2017), July Systems (Jun 2018) Nutanix 2 Minjar (Mar 2018, $50M), Calm (Aug 2016, $8.3M) Capillary Tech 2 Sellerworx (Oct 2016), Martjack (Apr 2015) Recent IPOs Top Acquisitions 3i Infotech Apr 2005 Software Products, IT Services, BPO Servi… IPO MCap: $117M Skillsoft Feb 2000 Corporate Learning Management System (LMS… IPO MCap: $176M Ramco AI-enabled SaaS-based software solutions… IPO MCap: - Newgen Software Jan 2018 Provider Content Management and Document… IPO MCap: $267M IRIS Oct 2017 Cloud based XBRL solutions IPO MCap: $9.2M Majesco Aug 2015 IT Software and Services provider for Ins… IPO MCap: - IMImobile Jun 2014 Technology provider for customer engageme… IPO MCap: $45.4M
  7. 7. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Key Sub Sectors in Global SaaS - India Sector Summary of Key Markets 7 Sub Sectors # Cos Tracked # Funded Total Funding Enterprise Apps Companies providing solutions catering to a particular business function 414 166 $1.9B Industry Verticals Companies providing SaaS solutions ranging from tracking, energy analytics, training... 230 100 $1.1B Enterprise Infrastructure Companies which provide infrastructure for businesses to host, develop, deploy, and maintain... 70 40 $736M Global SaaS - India > Feed Summary > Summary of Key Markets
  8. 8. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 List of Notable Companies in Global SaaS - India Notable Companies in the Sector 8 Note: *(Founded Year, Location, Total Funding) Global SaaS - India > Feed Summary > Notable Companies in the Sector Public Newgen Software (1992, Delhi, $27.4M)* 3i Infotech (1993, Mumbai) IMImobile (2000, London, $26M) IRIS (2000, Vashi) Majesco (1982, Morristown) Acquired Skillsoft (1998, Nashua) redBus (2006, Bangalore, $10M) Unicorns Druva (2008, Sunnyvale, $330M) Freshworks (2010, Chennai, $250M) Aryaka Networks (2009, Milpitas, $184M) Zoho (1996, Chennai)
  9. 9. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 List of Notable Companies by Market in Global SaaS - India Notable Companies by Market (1/2) 9 Global SaaS - India > Feed Summary > Notable Companies by Market Enterprise Apps Collaboration Newgen Software (1992, Delhi, $27.4M) Provider Content Management and Document Management System Soonicorn. Stage: Public Ascent Capital, Chiratae Ventures, SAP and 2 Other Investors ERP Ramco (1997, Chennai) AI-enabled SaaS-based software solutions for aviation, logistics and HR sectors Minicorn. Stage: Acquired HDFC Mutual Fund, Axis Mutual Fund, JOHCM and 1 Other Investors 3i Infotech (1993, Mumbai) Software Products, IT Services, BPO Services Stage: Public Enterprise Infrastructure Developer Tools Postman (2014, Bangalore, $58M) HTTP client to test web services Soonicorn. Stage: Series B Charles River Ventures, Nexus Venture Partners, Vijay Sharma BrowserStack (2011, Mumbai, $50M) Cloud platform for online cross-browser testing Soonicorn. Stage: Series A Accel
  10. 10. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 List of Notable Companies by Market in Global SaaS - India Notable Companies by Market (2/2) 10 Global SaaS - India > Feed Summary > Notable Companies by Market Industry Verticals Retail July Systems (2001, Bangalore, $60M) Mobile proximity marketing & app development platform Soonicorn. Stage: Acquired Intel Capital, WestBridge Capital Partners, Updata and 3 Other Investors Logistics LogiNext (2013, Mumbai, $10.5M) Software solutions for logistics and workforce management Soonicorn. Stage: Series A Paytm, Abhishek Agarwal, Nitin Singhal and 34 Other Investors
  11. 11. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Recent News in Global SaaS - India Sector Recent News 11 Global SaaS - India > Feed Summary > Recent News Jul 2019 Mastercard Expands Collaboration With Zoho For Small Business Tools, Crowdfund Insider Jul 2019 KNOWCROSS Expands Its Operations in Portugal with the Signing of Corpo Santo Hotel in Lisbon, Hospitality Tech Jul 2019 CleverTap Partners with Vonage to Enable the WhatsApp Business Solution via Nexmo Messages API, BusinessFortNight Jul 2019 mGage Collaborates with Oracle Marketing Cloud to Deliver Optimized Omni-Channel Marketing and Make Mobile Marketing Easier, GlobeNewswire Jul 2019 Synup Announces New Executive Hires and Expansion in 2019, GlobeNewswire Jul 2019 SunTec Xelerate® helps Banks accelerate Digital Transformation by ‘Hollowing out the Core’, Financial IT Jul 2019 Tech focussed VC fund Cornerstone invests $2 mn in two B2B startups, Indiatimes Jul 2019 Being Human signs up with Unicommerce, NewsBarons Jul 2019 Vauxhall launches Apple Business Chat to provide model info and test drives, Mobile Marketing Magazine Jul 2019 Majesco Congratulates MMG Insurance On Receiving the NAMIC Award In Innovation, Business Wire Jul 2019 MindTickle Names Jeff Santelices as Chief Revenue Officer, PRWeb Jul 2019 Innovaccer Launches Data Activation Solution to Enable ACOs' Seamless Transition to Value-Based Care, PR Newswire Key Recent News Key Recent News Jul 2019 Altizon Recognized in the Gartner 2019 Magic Quadrant for Industrial IoT Platforms for Second Consecutive Year, PRWeb Jul 2019 PanTerra Enhances Streams Offering with Enterprise Integration with Leading Cloud CRM Zoho, AiThority Jul 2019 Freshworks expands local product hosting on Sydney data centre, datacenternews.asia Jul 2019 Indian AI health-tech startup mfine raises $4.5m from Alteria Capital, Deal Street Asia Jul 2019 E2open Completes Amber Road Buy, TexasTechPulse Jul 2019 Erickson Incorporated selects Ramco for ERP Transformation Project, Business Standard Jul 2019 BRIDGEi2i Analytics Solutions Named in Gartner Market Guide for Data and Analytics Service Providers, PRWeb Jul 2019 Indian AI startup Uniphore raising $38m Series C led by March Capital, Deal Street Asia Jul 2019 Two vendors come to Australia, pick same Sydney partner, crn.com.au Jul 2019 ConnectM Technology Solutions Inc., Indoor Climate and Health Solutions Company, Acquires Keen Home Inc., PRWeb Jun 2019 VAD Technologies announces distribution partnership with Freshworks, tahawultech.com Jun 2019 Lowe’s Home Centers’ Acquisition of Boomerang Retail Analytics Platform, Global Legal Chronicle
  12. 12. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Contents Feed Summary Investment Trends Market Details Exit Outlook Investors News Appendix 12 Funding Trends Median Deal Size and Trend New Entrants in Funding Club Distribution of companies by Funding Range Funding Funnel of the Sector Top Investments and Investors Investors in Unicorn club
  13. 13. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Investments ($M) and number of rounds in Global SaaS - India; 2012-2019 Funding Trends (1/2) 13 Note: Funding excludes Grant, Debt and Post IPO rounds. Global SaaS - India > Investment Trends > Global Funding Trends #Rounds $Funding 3 Year CAGR 6 Year CAGR 22% # of Rounds13% $ Funding 1% # of Rounds 15% $ Funding $538M $216M $207M $362M $719M $416M $454M $446M $922M 0 20 40 60 80 100 120 $0k $100M $200M $300M $400M $500M $600M $700M $800M $900M $1.B 2012 2013 2014 2015 2016 2017 2018 2019* $ Funding Predicted $ Funding # Rounds Predicted # Rounds
  14. 14. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 $13M $19M $21M $36M $15M $22M $3M $3M $63M $105M $192M $258M $238M $138M $184M $239M $141M $83M $148M $425M $163M $295M $259M $296M 2012 2013 2014 2015 2016 2017 2018 2019 YTD Seed Early Stage Late Stage 30 51 60 61 32 33 11 3 14 18 34 34 45 32 28 19 6 4 8 8 6 7 9 5 2012 2013 2014 2015 2016 2017 2018 2019 YTD Seed Early Stage Late Stage 50 27 Total # of Rounds 14 Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Stage-wise Number of RoundsStage-wise $ Invested New Entrants in Funded Club Funding Trends (2/2) Investments ($M) and number of rounds in Global SaaS - India; 2012-2019 Global SaaS - India > Investment Trends > Global Funding Trends 64 41 42 21 16 6 3 193 $1.2M $3.9M $0.0M $2.0M $4.0M $6.0M $8.0M $10.0M $12.0M $14.0M 0 50 100 150 200 250 2013 2014 2015 2016 2017 2018 2019 YTD Total Entrants in Funding Club Avg. Ticket Size $1.2M $1.2M $3.5M $1.5M $0.9M $11.5M $7.4M $3.9M $216M $538M Total $ Invested $438M $95M $96M $123M $525M $199M $309M $298M $750M15 0 2 4 6 8 10 12 14 16 0 100000000 200000000 300000000 400000000 500000000 600000000 700000000 800000000 2012 2013 2014 2015 2016 2017 2018 2019 YTD $ Funding Predicted $ Funding # of Rounds Predicted # Rounds Mega Rounds 3 3 4 10 6 7 7 9
  15. 15. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 201915 Global SaaS - India > Investment Trends > Funding Trends by Geography Investments ($M) and number of rounds in Global SaaS - India Funding Trends by Geography # Rounds # Companies 96 54 227 181 51 51 65 60 109 58 26 47 25 34 4 1 5 1 4 4 Total Funding $1.3B $855M $436M $258M $250M $122M $110M $96M $73M $31M Bay Area Bangalore Chennai Mumbai Delhi NCR Hyderabad Pune Seattle Beaverton London
  16. 16. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 201916 Trend of Average Deal Size ($M) $0.5 $0.5 $0.5 $0.8 $0.5 $1.0 $0.3 2012 2013 2014 2015 2016 2017 2018 Global SaaS - India > Investment Trends > Median Deal Size and Trend Median and Average Deal Size in $M (per Stage) in Global SaaS - India; 2012-2018 Median Deal Size and Trend Note. *Graph not to scale Median Deal Size and Range $3.2K* $5M $171K $50M $656K $50M $1M $130M $29M $8.6M $3.5M $356K Series C+ Series B Series A Seed Stage $7.4 $10.3 $9.9 $10.2 $9.1 $9.4 $7.7 $23.5 $20.7 $21.2 $53.1 $32.6 $42.1 $32.4 $4.0 $5.3 $3.9 $7.2 $4.1 $3.8 $9.1
  17. 17. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Note: 65 companies with undisclosed funding amount are not included 17 <$1M $1-10M $10-50M $50-100M $100M+ Funding Range 75 100 45 14 8 No. of Companies Global SaaS - India > Investment Trends > Distribution of companies by Funding Range No. of companies by funding range in Global SaaS - India; as of Jul 2019 Distribution of companies by Funding Range $21M $393M $914M $946M $1.5B $ Investment
  18. 18. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Stage No. of Companies Funding Funnel 100% 43% 19% 9% 4% 18 Note: Numbers in the brackets show the count of companies Time to raise next round 29 66 139 306 714 Series C+ Series B Series A Funded Founded Next Round 100M+ Valuation Exits Acqui- Hired Dead Pooled Others 43% 6% (40) 1% (10) 0% (2) 9% (66) 48% (340) 45% 13% (40) 3% (10) 1% (2) 8% (24) 46% (141) 47% 23% (32) 2% (3) 1% (1) 3% (4) 49% (68) 44% 42% (28) 5% (3) - 3% (2) 53% (35) - 72% (21) 7% (2) - 3% (1) 45% (13) Global SaaS - India > Investment Trends > Funding Funnel Number of companies progressing to subsequent funding stages in Global SaaS - India Funding Funnel 17 Months 20 Months 18 Months Investment backedBootstrapped 29 5 48 7 10 0 Soonicorns Unicorns Acquisitions IPOs
  19. 19. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 201919 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Global SaaS - India > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Global SaaS - India; Jul 2017-Jul 2019 Notable Investments in last 24 months (1/7) LATE STAGE $130M - Series G Jul 2019 Druva (2008, Sunnyvale, $330M) Backup & data loss prevention solution for enterprises Viking Global Investors, Riverwood Capital, Tenaya Capital, Nexus Venture Partners, Neuberger Berman $100M - Series G Jul 2018 Freshworks (2010, Chennai, $250M) Cloud-based business management applications provider Accel, Sequoia Capital, CapitalG, Tiger Global Management $80M - Series F Aug 2017 Druva (2008, Sunnyvale, $330M) Backup & data loss prevention solution for enterprises Riverwood Capital, Nexus Venture Partners, Tenaya Capital, Sequoia Capital LATE STAGE $50M - Series D Feb 2018 Icertis (2009, Seattle, $96M) Cloud-based contract management platform Meritech Capital Partners, B Capital Group, Ignition Partners, Greycroft Partners, Eight Roads Ventures, PSP Partners, Cross Creek $50M - Series F May 2019 Aryaka Networks (2009, Milpitas, $184M) WAN optimization and Accelerated application delivery Goldman Sachs, Trinity Ventures, Mohr Davidow Ventures, Nexus Venture Partners, Third Point Ventures, InterWest Partners, Presidio Ventures, Deutsche Telekom Capital Partners $50M - Series C Jul 2019 Zenoti (2010, Hyderabad, $71.3M) Cloud based business management software Accel, Norwest Venture Partners, Tiger Global Management LATE STAGE $38M - Series C Jul 2019 Uniphore (2008, Chennai, $53.9M) Speech Recognition, voice biometrics and virtual assistant solutions March Capital Partners, National Grid Partners, Sistema Asia Capital, Intuitive, The CXO Fund, Chiratae Ventures $30M - Series C Feb 2018 HackerRank (2009, Palo Alto, $62.7M) Technical recruitment platform and code-challenge community JMI Management, Khosla Ventures, Battery Ventures, Randstad, Chartline Capital Partners $28M - Series C Apr 2019 Eightfold (2016, Mountain View, $55M) Workforce analytics software solution Foundation Capital, Lightspeed Venture Partners, IVP
  20. 20. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 201920 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Global SaaS - India > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Global SaaS - India; Jul 2017-Jul 2019 Notable Investments in last 24 months (2/7) LATE STAGE $27.5M - Series C Oct 2018 Numerify (2012, Cupertino, $88M) Cloud-based business analytics provider DAG Ventures, Lightspeed Venture Partners, Sequoia Capital, Tenaya Capital $25M - Series C Nov 2017 Qubole (2011, Santa Clara, $75M) Big Data services on Cloud Singtel Innov8, Harmony Partners, Charles River Ventures, Lightspeed Venture Partners, Norwest Venture Partners, IVP $20M - Series C Feb 2018 Capillary Tech (2008, Bangalore, $100M) Omnichannel engagement and commerce platform for businesses Warburg Pincus, Sequoia Capital $18.4M - Series C Mar 2018 Chargebee (2011, Chennai, $25.1M) Managed subscription billing service for SaaS Insight Venture Partners, Accel, Tiger Global Management LATE STAGE $9.6M - Series C Feb 2018 Fareye (2013, Delhi, $13.7M) Web-based last mile and first mile delivery management software. Deutsche Post DHL Group $4M - Series C Jul 2018 Anchanto (2011, Singapore, $4M) SaaS-based solutions for e-tailers MDI Ventures Series C Oct 2018 Capillary Tech (2008, Bangalore, $100M) Omnichannel engagement and commerce platform for businesses Warburg Pincus EARLY STAGE $50M - Series B Jun 2019 Postman (2014, Bangalore, $58M) HTTP client to test web services Charles River Ventures, Nexus Venture Partners $50M - Series A Jan 2018 BrowserStack (2011, Mumbai, $50M) Cloud platform for online cross-browser testing Accel $40M - Series B Mar 2019 Saama (1997, Campbell, $75.8M) Big data analytics solutions provider Perceptive Advisors $27M - Series B Dec 2017 MindTickle (2011, Pune, $41.3M) Gamified Employee Training Platform Canaan Partners, Accel, New Enterprise Associates, Qualcomm Ventures
  21. 21. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 201921 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Global SaaS - India > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Global SaaS - India; Jul 2017-Jul 2019 Notable Investments in last 24 months (3/7) EARLY STAGE $26M - Series B Apr 2019 CleverTap (2013, Mumbai, $41.6M) User behaviour analysis & targeting tool Sequoia Capital, Accel, Tiger Global Management $25.8M - Series B May 2019 Locus (2015, Bangalore, $32.5M) Delivery automation solutions for on-demand businesses Tiger Global Management, Blume Ventures, Exfinity Venture Partners, Falcon Edge Capital $20M - Series B Oct 2018 Headspin (2015, Mountain View, $20M) App Testing on global mobile network Iconiq Capital, Battery Ventures, EQT Ventures, Adam D'Angelo , GV, Kearny Jackson , Ryan Hoover , Nexus Venture Partners, Digital Horizon, Next World Capital, Ross Mason, Telstra Ventures $18M - Series B Apr 2018 Eightfold (2016, Mountain View, $55M) Workforce analytics software solution Foundation Capital, Lightspeed POS EARLY STAGE $17M - Series B Apr 2019 Vue.ai (2015, Chennai, $27.5M) AI-based visual search and product recommendation solution for fashion retailers Falcon Edge Capital, Global Brain, Sequoia Capital $16.3M - Series A Apr 2019 Innovapptive (2012, Houston, $19.9M) Mobile first enterprise SAP applications Tiger Global Management $16M - Series A Sep 2018 CareStack (2015, Thiruvananthapuram, $16M) Cloud based enterprise software for dental practice management FPrime Capital Partners, Accel, Eight Roads Ventures $15M - Series B Apr 2019 Blueshift (2014, San Francisco, $30M) AI-enabled marketing automation platform SoftBank Ventures Korea, Storm Ventures, Nexus Venture Partners EARLY STAGE $12.5M - Series B Mar 2019 Whatfix (2010, Bangalore, $18.1M) Online self service tool for interactive how-to guides Eight Roads Ventures, FPrime Capital Partners, Cisco Investments, Stellaris Venture Partners, Helion Venture Partners $12M - Series B Mar 2018 Seclore (2005, Mumbai, $35.6M) Policy and encryption based information right management solutions Helion Venture Partners, India Alternatives, Ventureast, Sistema Asia Capital $9M - Series A Sep 2018 CloudCherry (2013, Chennai, $16M) Cloud-based customer engagement platform for SMBs Pelion Venture Partners, Cisco Investments, Vertex Ventures, Chiratae Ventures
  22. 22. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 201922 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Global SaaS - India > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Global SaaS - India; Jul 2017-Jul 2019 Notable Investments in last 24 months (4/7) EARLY STAGE $8.8M - Series B Dec 2018 MoEngage (2014, Bangalore, $14.2M) Mobile based platform for personalized marketing Matrix Partners India, Ventureast, Helion Venture Partners, Exfinity Venture Partners $8.5M - Series B Aug 2017 Uniphore (2008, Chennai, $53.9M) Speech Recognition, voice biometrics and virtual assistant solutions India Infoline, Kris Gopalakrishnan, John Chambers, Pankaj Patel, Chiratae Ventures, YourNest $7M - Series A May 2019 Altizon (2013, Pune, $12.8M) Build connected devices and process data at scale TVS Motor Company, Wipro, Lumis Partners, The Hive $6.5M - Series A May 2019 Talview (2012, Bangalore, $7.2M) Automated Video Interviews EARLY STAGE $6M - Series A Nov 2017 CleverTap (2013, Mumbai, $41.6M) User behaviour analysis & targeting tool $5M - Series B May 2019 Peel-Works (2010, Mumbai, $11.1M) Real time order management & extended salesforce management Equanimity Investments, HDFC Bank, Unilever Ventures, Chiratae Ventures, Inventus Capital Partners, Bruno Raschle $5M - Series B Mar 2018 Hotelogix (2008, Noida, $10M) Hotel Property & Booking Management Software Vertex Ventures, Accel, Saama Capital $4.2M - Series B Jan 2018 KartRocket (2012, Delhi, $14.4M) Online storefront platform on a SaaS model for Indian retailers Bertelsmann India Investments, Nirvana Ventures Advisors, Beenext EARLY STAGE $4.1M - Series A Jul 2018 Infinite Analytics (2012, Cambridge, $5.3M) Big data based social intelligence solutions $4M - Series A Jun 2018 Locus (2015, Bangalore, $32.5M) Delivery automation solutions for on-demand businesses Rocketship, Recruit Strategic Partners, Pi Ventures, Blume Ventures, GrowX Venture Management, Beenext, Exfinity Venture Partners, Hemendra Kothari, Recruit Holdings $3.7M - Series B Mar 2018 Seclore (2005, Mumbai, $35.6M) Policy and encryption based information right management solutions Helion Venture Partners, India Alternatives, Hemant Kenia, Umber Jafri, Siddharth Kubde, Manjul Kubde, Anusha G Reddy, Ashwin G Reddy, Shilpa Kenia, C N Ram, Sistema Asia Capital
  23. 23. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 201923 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Global SaaS - India > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Global SaaS - India; Jul 2017-Jul 2019 Notable Investments in last 24 months (5/7) EARLY STAGE $3.7M - Series B Mar 2019 NowFloats (2012, Hyderabad, $21.8M) SaaS platform for online website creation Iron Pillar Fund, Omidyar Network, Wenlyn Global, India Infoline, Artha, TIPL, Anuj Munot, Herb Madan, Anil Joshi, Ramesh Kumar Shah, Rishi Bhasin, Asiatic Oxygen, Anju Chokhani, Dewang Neralla $3.1M - Series B Mar 2018 NowFloats (2012, Hyderabad, $21.8M) SaaS platform for online website creation Omidyar Network, Iron Pillar Fund, India Infoline, OBOR Capital $3.1M - Series A Feb 2019 Aureus Analytics (2013, Mumbai, $4M) Big Data analytics products for BFSI sector Connecticut Innovations, Alpine Meridian, Multi-Act $3M - Series B Apr 2018 Tracxn (2013, Bangalore, $14M) Market intelligence platform for private market Accel, Prime Venture Partners, Herb Madan, SAIF Partners, Sequoia Capital EARLY STAGE $2.8M - Series A Nov 2018 Mettl (2010, Gurgaon, $8M) Online assessment platform to test pre-hires and employees Mercer $2.6M - Series A Dec 2017 Spire Technologies (2008, Bangalore, $13.3M) Contextual search and Recruitment analytics data platform $2.5M - Series A Mar 2018 ZineOne (2013, Milpitas, $5M) Cloud-based mobile remarketing platform Omidyar Network, HBS Alumni Angels Association, Touchstone Equities, Hyderabad Angels, Golden Seeds $2.1M - Series B Dec 2017 Peel-Works (2010, Mumbai, $11.1M) Real time order management & extended salesforce management Unilever Ventures, Ashvin Chadha, Chiratae Ventures, Inventus Capital India EARLY STAGE $2M - Series B Jun 2018 Roambee (2011, Santa Clara, $10M) Shipment monitoring and tracking service MDI Ventures $1.4M - Series A Aug 2017 LimeTray (2013, Delhi, $5.1M) Platform enabling web presence & marketing for F&B industry JSW Ventures $1M - Series B Feb 2019 Uniphore (2008, Chennai, $53.9M) Speech Recognition, voice biometrics and virtual assistant solutions Pankaj Patel $1M - Series A Jul 2018 Altizon (2013, Pune, $12.8M) Build connected devices and process data at scale Wipro, The Hive, Ajay Hiraskar
  24. 24. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 201924 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Global SaaS - India > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Global SaaS - India; Jul 2017-Jul 2019 Notable Investments in last 24 months (6/7) EARLY STAGE $1M - Series A Mar 2018 Flutura (2012, Bangalore, $10.6M) IoT based big data analytics for engineering industries Hitachi High-Technologies $876k - Series B Mar 2018 Vinculum Solutions (2007, Noida, $12.7M) Cloud-based end-to-end logistics and supply chain solutions provider Alteria Capital, IvyCap Ventures $701k - Series B Jan 2019 GreytHR (1994, Bangalore, $6.9M) HR & Payroll Software Provider New Enterprise Associates $663k - Series A May 2018 LimeTray (2013, Delhi, $5.1M) Platform enabling web presence & marketing for F&B industry Sandeep Tandon, JSW Ventures, Matrix Partners EARLY STAGE $352k - Series A Oct 2017 MoEngage (2014, Bangalore, $14.2M) Mobile based platform for personalized marketing Exfinity Venture Partners Series B Jan 2018 CleverTap (2013, Mumbai, $41.6M) User behaviour analysis & targeting tool Recruit Holdings, Sequoia Capital, Accel Series B Aug 2017 Sapience (2009, Pune, $9.4M) Employee Productivity Software Credit Suisse Series A Jul 2018 Blueshift (2014, San Francisco, $30M) AI-enabled marketing automation platform PSP Investments Series A Jan 2018 Blueshift (2014, San Francisco, $30M) AI-enabled marketing automation platform White Oak Equity Partners EARLY STAGE Series A Nov 2017 Headspin (2015, Mountain View, $20M) App Testing on global mobile network Telstra Ventures Series A Sep 2017 Cloud Lending (2012, Bangalore, $14.1M) Cloud-based lending platform ABN AMRO Bank Series A Oct 2018 ZineOne (2013, Milpitas, $5M) Cloud-based mobile remarketing platform UpVentures Capital Series A Jun 2018 Splash Math (2010, Gurgaon) Gamified Math learning platform for Grade 1-5 Accel
  25. 25. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 201925 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Global SaaS - India > Investment Trends > Notable Investments in last 24 months Major funding rounds by Stage in Global SaaS - India; Jul 2017-Jul 2019 Notable Investments in last 24 months (7/7) SEED STAGE $600k - Seed Aug 2017 eureQa (2012, Hyderabad, $1.2M) Cloud test automation platform SRI Capital, Rose Abraham, Walter Buckley, Thomas Gravina $45.7k - Seed May 2019 Talview (2012, Bangalore, $7.2M) Automated Video Interviews $25k - Seed Apr 2018 Aureus Analytics (2013, Mumbai, $4M) Big Data analytics products for BFSI sector Hartford InsurTech Hub Seed Oct 2017 Headspin (2015, Mountain View, $20M) App Testing on global mobile network Wipro Angel Nov 2017 Crayon Data (2012, Chennai, $18M) SaaS Big Data Analytics Kris Gopalakrishnan SEED STAGE Seed Feb 2018 WebEngage (2011, Mumbai, $2M) Multi-channel predictive marketing automation suite Social Capital
  26. 26. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Most Active Investors (VC, PE) by Stage in Global SaaS - India; Last 5 years (Jul 2014-Jul 2019) Most Active VC & PE Investors 26 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Global SaaS - India > Investment Trends > Most Active VC & PE Investors SEED STAGE Accel (5 Investments) CleverTap, MindTickle, Zarget 1 Helion Venture Partners(3 Investments) Whatfix, Pipemonk, Cubeit 2 Artha India Ventures (3 Investments) Talview, InstaSafe, Cloudrino 3 Nexus Venture Partners (3 Investments) Postman, Blueshift, TargetingMantra 4 SRI Capital(3 Investments) YellowDig, ShepHertz, eureQa 5 Social Capital (2 Investments) Hypertrack, WebEngage 6 Jungle Ventures(2 Investments) Commeasure, Appknox 7 Right Side Capital Management(2 Investments) BetaOut, ShoppinPal 8 GrowX Venture Management(2 Investments) Locus, Tablehero 9 One97 Mobility Fund (2 Investments) Plivo, TargetingMantra 10 EARLY STAGE Accel (6 Investments) Zenoti, BrowserStack, CareStack 1 Sequoia Capital(6 Investments) Numerify, CleverTap, Vue.ai 2 Tiger Global Management(5 Investments) CleverTap, Locus, Chargebee 3 Vertex Ventures(4 Investments) CloudCherry, Flutura , Hotelogix 4 Blume Ventures(4 Investments) Locus, GreytHR, Botmetric 5 Beenext(4 Investments) Locus, KartRocket, Tracxn 6 New Enterprise Associates(3 Investments) MindTickle, IntelligenceNode, GreytHR 7 SAIF Partners(3 Investments) Goodera, Tracxn, Fareye 8 Eight Roads Ventures (3 Investments) Icertis, Whatfix, CareStack 9 Cisco Investments(3 Investments) Helpshift, Whatfix, CloudCherry 10 LATE STAGE IVP (2 Investments) Qubole, Eightfold 1 Lightspeed Venture Partners (2 Investments) Gainsight, Eightfold 2 Insight Venture Partners (2 Investments) Gainsight, Chargebee 3 Bessemer Venture Partners Gainsight 4 Temasek ManthanRetail 5 Eight Roads Ventures Unbxd 6 Meritech Capital Partners Icertis 7 Cisco Investments Gainsight 8 E.ventures Icertis 9 Warburg Pincus Capillary Tech 10
  27. 27. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 201927 Global SaaS - India > Investment Trends > Most Active Ecosystem Investors Top Ecosystem Investors in Global SaaS - India; Last 5 years (Jul 2014-Jul 2019) Most Active Ecosystem Investors INCUBATOR/ACCELERATOR Plug and Play Tech Center(10 Investments) Capillary Tech, CleverTap, Helpshift 1 500 Startups(5 Investments) redBus, Tagove, YellowDig 2 Techstars(3 Investments) BetaOut, Smarton, MartMobi 3 Alchemist Accelerator(2 Investments) MoEngage, ShoppinPal 4 The Hive(2 Investments) Altizon , Uninstall.io 5 GSF(2 Investments) HeyMojo, Yellowant 6 Berkeley SkyDeck(2 Investments) ShoppinPal, SimpleDataLabs 7 Axilor Ventures(2 Investments) Sellerworx, UrbanPiper 8 Srijan Capital(2 Investments) AceBot, PushEngage 9 Kaplan EdTech Accelerator(2 Investments) Smarton, Playpower Labs 10 OTHER NOTABLE INVESTORS LetsVenture(6 Investments) Aureus Analytics, BetaOut, ShepHertz 1 Singapore Angel Network(6 Investments) Unbxd, LogiNext, Anchanto 2 Hyderabad Angels(4 Investments) Innovapptive, ZineOne, BetaOut 3 Indian Angel Network(3 Investments) LogiNext, InstaSafe, Knowcross 4 TIPL(3 Investments) NowFloats, LogiNext, Talview 5 Credit Suisse(2 Investments) Sapience, Accern 6 Goldman Sachs(2 Investments) Aryaka Networks, Ramco 7 Salesforce(2 Investments) Gainsight, Helpshift 8 Mumbai Angels(2 Investments) BetaOut, WittyParrot 9 Wipro(2 Investments) Headspin, Altizon 10 DEBT INVESTORS InnoVen Capital(9 Investments) Practo, ManthanRetail, Capillary Tech 1 BlackSoil(4 Investments) Knowlarity, NowFloats, IntelligenceNode 2 Trifecta Capital(2 Investments) Practo, Knowlarity 3 Connecticut Innovations Aureus Analytics 4 Hercules Capital Druva 5 Alteria Capital Vinculum Solutions 6
  28. 28. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 201928 Companies Notable Investors by Stage of Entry SEED EARLY LATE Newgen Software [Public] (1992, Delhi, $27.4M) Ascent Capital, Chiratae Ventures, SAP, HSBC Private Bank IMImobile [Public] (2000, London, $26M) FirstMark, Spark Ventures Sequoia Capital redBus [Acq.] (2006, Bangalore, $10M) Inventus Capital India, Seedfund Helion Venture Partners Druva [Unicorn] (2008, Sunnyvale, $330M) Indian Angel Network, Accord International Nexus Venture Partners, Sequoia Capital Viking Global Investors, Neuberger Berman, atreidescapital.com, Riverwood Capital, EDBI, Blue Cloud Ventures, Hercules Capital, NTT Finance, Tenaya Capital Freshworks [Unicorn] (2010, Chennai, $250M) Tiger Global Management, Accel Sequoia Capital, CapitalG Aryaka Networks [Unicorn] (2009, Milpitas, $184M) Trinity Ventures, Mohr Davidow Ventures, Nexus Venture Partners, Stanford University Goldman Sachs, Deutsche Telekom Capital Partners, Third Point Ventures, InterWest Partners, Presidio Ventures Practo [Soonicorn] (2008, Bangalore, $180M) Matrix Partners India, Tencent, Sequoia Capital Thrive Capital, RTP Global, Altimeter Capital, CapitalG, Sofina BlueJeans Network [Soonicorn] (2009, Mountain View, $175M) Accel, New Enterprise Associates, Norwest Venture Partners Glynn Capital, Quadrille Capital, Battery Ventures Gainsight [Soonicorn] (2009, Redwood City, $158M) Cultivation Capital, Capital Innovators Bain Capital Ventures, Summit Partners, Salesforce Ventures, Battery Ventures Cisco Investments, Insight Venture Partners, Salesforce, Lightspeed Venture Partners, Bessemer Venture Partners Global SaaS - India > Investment Trends > Investors in Unicorn club Investors in Public companies, Mega Acquisitions, Unicorns and Soonicorns by stage of entry Investors in Unicorn Club (1/4)
  29. 29. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 201929 Companies Notable Investors by Stage of Entry SEED EARLY LATE ManthanRetail [Soonicorn] (2004, Bangalore, $104M) SIDBI Venture Capital Eight Roads Ventures, DFJ ePlanet Ventures, Chiratae Ventures Claymore Investments, Temasek, Norwest Venture Partners Capillary Tech [Soonicorn] (2008, Bangalore, $100M) Qualcomm Ventures American Express Ventures, Sequoia Capital, Norwest Venture Partners Warburg Pincus Icertis [Soonicorn] (2009, Seattle, $96M) Ignition Partners, Greycroft Partners, Eight Roads Ventures Meritech Capital Partners, PSP Partners, Cross Creek, B Capital Group, E.ventures PubMatic [Soonicorn] (2006, Redwood City, $76M) Nexus Venture Partners, DFJ, Helion Venture Partners NGP Capital, August Capital, Silicon Valley Bank Saama [Soonicorn] (1997, Campbell, $75.8M) Perceptive Advisors, Carrick Capital Partners Qubole [Soonicorn] (2011, Santa Clara, $75M) Norwest Venture Partners, Charles River Ventures, Lightspeed Venture Partners Singtel Innov8, Harmony Partners, IVP Zenoti [Soonicorn] (2010, Hyderabad, $71.3M) Norwest Venture Partners, Accel Tiger Global Management HackerRank [Soonicorn] (2009, Palo Alto, $62.7M) Morpheus Gang, Y Combinator, SV Angel Recruit Group, Battery Ventures, Zenshin Capital, Khosla Ventures, GoAhead Ventures JMI Management, Randstad, Chartline Capital Partners Postman [Soonicorn] (2014, Bangalore, $58M) Nexus Venture Partners Charles River Ventures Global SaaS - India > Investment Trends > Investors in Unicorn club Investors in Public companies, Mega Acquisitions, Unicorns and Soonicorns by stage of entry Investors in Unicorn Club (2/4)
  30. 30. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 201930 Companies Notable Investors by Stage of Entry SEED EARLY LATE Eightfold [Soonicorn] (2016, Mountain View, $55M) Foundation Capital, Lightspeed POS Lightspeed Venture Partners, IVP Uniphore [Soonicorn] (2008, Chennai, $53.9M) YourNest, Tholons Capital, TIPL, Clarion Technologies, Haystack Partners, South Yarra Holdings, RTBI, NRDC, VILLGRO India Infoline, Momentum Techsys, telefund.com, Chiratae Ventures March Capital Partners, National Grid Partners, Sistema Asia Capital, Intuitive, The CXO Fund RateGain [Soonicorn] (2004, Noida, $50M) TA Associates Management BrowserStack [Soonicorn] (2011, Mumbai, $50M) Accel Knowlarity [Soonicorn] (2009, Gurgaon, $46.2M) Mayfield, Sequoia Capital, Emergic.org, Progressive Capital Partners Delta Partners Helpshift [Soonicorn] (2011, Pune, $38.2M) True Ventures, Nexus Venture Partners Cisco Investments, Salesforce, M12, Intel Capital, Visionnaire Ventures Infrasoft Technologies [Soonicorn] (1995, Mumbai, $24.8M) Baring Private Equity Partners Headspin [Soonicorn] (2015, Mountain View, $20M) Wipro, Foundation Capital Iconiq Capital, Battery Ventures, EQT Ventures, GV, Nexus Venture Partners, Digital Horizon, Next World Capital, Telstra Ventures Global SaaS - India > Investment Trends > Investors in Unicorn club Investors in Public companies, Mega Acquisitions, Unicorns and Soonicorns by stage of entry Investors in Unicorn Club (3/4)
  31. 31. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 201931 Companies Notable Investors by Stage of Entry SEED EARLY LATE Unbxd [Soonicorn] (2010, Bangalore, $18.4M) Indian Angel Network, Prudent Nirvana Ventures Advisors, Pragnya, Singapore Angel Network, Chiratae Ventures, Inventus Capital India Eight Roads Ventures LogiNext [Soonicorn] (2013, Mumbai, $10.5M) Indian Angel Network, TIPL, Singapore Angel Network Paytm Excelsoft Technologies [Soonicorn] (1999, Mysore, $9.4M) UTI Mutual Fund Arohi Asset Management Ilantus [Soonicorn] (2000, Bangalore, $2M) Intel Capital, kitven Fund Global SaaS - India > Investment Trends > Investors in Unicorn club Investors in Public companies, Mega Acquisitions, Unicorns and Soonicorns by stage of entry Investors in Unicorn Club (4/4)
  32. 32. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Investors # of Cos Notable Companies by Stage of Entry SEED EARLY LATE UNDISCLOSED Sequoia Capital 3 Druva (2008, $330M) Freshworks (2010, $250M), IMImobile (2000, $26M) Nexus Venture Partners 2 Druva (2008, $330M) Accel 2 Freshworks (2010, $250M) redBus (2006, $10M) Accord International 1 Druva (2008, $330M) Indian Angel Network 1 Druva (2008, $330M) Ascent Capital 1 Newgen Software (1992, $27.4M) Chiratae Ventures 1 Newgen Software (1992, $27.4M) FirstMark 1 IMImobile (2000, $26M) HSBC Private Bank 1 Newgen Software (1992, $27.4M) Inventus Capital India 1 redBus (2006, $10M) Note: *(Founded Year, Total Funding) 32 Global SaaS - India > Investment Trends > Unicorn Investors in the Sector Investors with most number of Public companies, Mega Acquisitions and Unicorn companies Unicorn Investors in the Sector
  33. 33. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Contents Feed Summary Investment Trend Market Details Exit Outlook Investors News Appendix 33 Key Sub Sectors Top Markets of Investment Activity Top Markets of Early Stage Investors Market Deep Dive
  34. 34. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Key Sub Sectors 34 Key Sub Sectors in Global SaaS - India Market Top Companies # Cos Tracked # Funded Total Funding Enterprise Apps Companies providing solutions catering to a particular business function Zoho (1996, Chennai) Ramco (1997, Chennai, Acquired) 414 166 $1.9B Industry Verticals Companies providing SaaS solutions ranging from tracking, energy analytics, training solutions, safety and security systems Hotelogix (2008, Noida, $10M) Skillsoft (1998, Nashua, Acquired) 230 100 $1.1B Enterprise Infrastructure Companies which provide infrastructure for businesses to host, develop, deploy, and maintain their business applications Aryaka Networks (2009, Milpitas, $184M) Druva (2008, Sunnyvale, $330M) 70 40 $736M Global SaaS - India > Market Details > Key Sub Sectors
  35. 35. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Rank Market Last 2 Years $ Invested # Round Top Funded Company 1 (+4) Enterprise Infrastructure > Developer Tools Companies providing cloud based mobile, web applications and product development tools such as testing, API development, chatbot development (Companies covered 9 | Funded 7 | Total Funding $111M) $101M (+$92M) 3 (-) Postman (2014, Bangalore, $58M) 2 (+2) Enterprise Apps > Finance & Accounting Companies that offer software solutions for automating functions of finance and accounting department of an organization (Companies covered 23 | Funded 7 | Total Funding $34.7M) $20.5M (+$16.8M) 3 (-2) Chargebee (2011, Chennai, $25.1M) 3 (-1) Industry Verticals > Retail Companies providing technology solutions to enable brick-and-mortar retailers to optimize in-store operations and increases sales (Companies covered 16 | Funded 9 | Total Funding $96M) $3.9M (-$13.5M) 3 (-2) IntelligenceNode (2012, Mumbai, $7.4M) 4 (-3) Enterprise Apps > Collaboration Companies providing integrated software solutions used by employees to communicate and collaborate, and complete work, tasks across departments within the enterprise (Companies covered 19 | Funded 11 | Total Funding $45.9M) $3.1M (-$12.1M) 2 (-5) PlumSlice (2012, San Francisco, $5M) 5 (-2) Enterprise Apps > Marketing Companies providing SaaS marketing management and optimization solutions helping brands in engaging prospects and clients (Companies covered 24 | Funded 9 | Total Funding $10.5M) $1.2M (-$2.3M) 3 (-5) Wigzo (2013, Delhi, $2.5M) 6 (-) Enterprise Infrastructure > Mobility Companies facilitate enterprises to achieve a balance between risk and control while enabling mobility (Companies covered 5 | Funded 4 | Total Funding $5.2M) $500k (+$500k) 1 (-) DronaHQ (2007, Mumbai, $1M) 35 Note: The numbers in the bracket represent the change in a 2 year period. Top Markets of Investment Activity Top Markets by Funding in Global SaaS - India in last 2 years (July 2017 - June 2019) Global SaaS - India > Market Details > Top Markets of Investment Activity
  36. 36. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Rank Market # Investments Key Investments 1 Enterprise Infrastructure > Developer Tools Companies providing cloud based mobile, web applications and product development tools such as testing, API development, chatbot development (Companies created 9 | Funded 7 | Total Funding $111M ) 1 BrowserStack (2011, Mumbai, $50M) Note: Investors considered - Sequoia Capital, Accel Partners, Andreessen Horowitz, NEA, Greylock Partners, General Catalyst Partners, Benchmark Capital, KPCB, Khosla Ventures, Redpoint Ventures, Founders Fund, SV Angel, Index Ventures, Bessemer Venture Partners, Lightspeed Venture Partners, Venrock, Draper Fisher Jurvetson, Institutional Venture Partners, Intel Capital, Battery Ventures 36 Top Markets of Early Stage Investors Top Markets where Early Stage Investors are investing in last 2 years (July 2017 - June 2019) Global SaaS - India > Market Details > Top Markets of Early Stage Investors
  37. 37. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Incubators Seedstars World (#1), TechCube8 (#1) Seed Nexus Venture Partners (#1), YourNest (#1) Series A/B Accel (#1), Charles River Ventures (#1) Series C+ Docspad Sep - 2014 Acq by Yahoo $50M - Series B Postman (2014, Bangalore, $58M) $50M - Series A BrowserStack (2011, Mumbai, $50M) $600k - Seed eureQa (2012, Hyderabad, $1.2M) $7M - Series A Postman (2014, Bangalore, $58M) $1M - Seed Smart Software Testing Solutions (2015, Bangalore, $1M) $600k - Seed eureQa (2012, Hyderabad, $1.2M) $1M - Seed Postman (2014, Bangalore, $58M) Seed Stackhive (2012, Singapore, $462k) $462k - Seed Stackhive (2012, Singapore, $462k) Seed Stackhive (2012, Singapore, $462k) Jun 2019 Postman raises $50 million to grow its API development platform, TechCrunch Jun 2019 GroupM Transforms Quality Assurance using BrowserStack, GlobeNewswire May 2019 Postman 7.1 Released, DEVOPSdigest May 2019 Smart Software Testing Solutions, the Global Leader in App Testing, Grows Leadership Team; Appoints Bruce Kratz as Technology Advisor for Pharma and Lifesciences Industry, PR Newswire Mar 2019 Iconic Retailer Achieves 95% Coverage While Reducing Testing Time by Half with AI and ML Powered Test Automation from eureQa, AiThority Jan 2019 Postman Announces Growing Adoption for API Development Tools, PRWeb Jan 2019 2019-2026 Service Virtualization Market Insights, Trends & Future Development Status, Global Key Players - Postdot Technologies, CA Technologies, IBM Corporation, Digital Journal Dec 2018 Postman Supports OpenAPI 3.0, Punekar News Jun 2018 Postman went from being just a side project to a million- dollar startup serving 100,000 companies worldwide, MyBigPlunge Jun 2018 Browserstack Announces Its Open Source Program To Drive Community Innovation, Latest Software Testing News Mar 2018 BrowserStack launches solution for automated testing of mobile apps, Mobyaffiliates Jan 2018 Indian website-testing startup BrowserStack raises $50 million from Accel, VentureBeat News 1 - 2 7 9 M&A/IPO Series C+ Series A+ Funded Companies Covered Funding Funnel Enterprise Infrastructure > Developer Tools: Market Factsheet 37 Exits Most Active Investors Recent InvestmentsCompanies providing cloud based mobile, web applications and product development tools such as testing, API development, chatbot development Postman (2014, Bangalore, $58M) BrowserStack (2011, Mumbai, $50M) eureQa (2012, Hyderabad, $1.2M) Smart Software Testing Solutions (2015, Bangalore, $1M) Docspad (2013, Bangalore) Top Companies #1 Top Markets of Investment Activity Global SaaS - India > Market Details > Market: Developer Tools Companies Created 9 | Funded 7 | Total Funding $111M 0 1 2 3 $0k $50M $100M 2014 2015 2016 2017 2018 Predicted Funding YoY Funding Rounds Predicted Rounds YoY Funding and Rounds Market: Developer Tools
  38. 38. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 201938 Enterprise Infrastructure > Developer Tools: Top Companies Global SaaS - India > Market Details > Market: Developer Tools #1 Top Markets of Investment Activity Market: Developer Tools Analyst’s Pick Postman (2014, Bangalore, $58M) HTTP client to test web services Soonicorn. Stage: Series B Charles River Ventures, Nexus Venture Partners, Vijay Sharma BrowserStack (2011, Mumbai, $50M) Cloud platform for online cross-browser testing Soonicorn. Stage: Series A Accel eureQa (2012, Hyderabad, $1.2M) Cloud test automation platform Minicorn. Stage: Seed SRI Capital, Rose Abraham, Walter Buckley and 2 Other Investors Smart Software Testing Solutions (2015, Bangalore, $1M) Enterprise Testing automation platform Minicorn. Stage: Seed YourNest Analyst’s Pick Docspad (2013, Bangalore) Cloud-based document embedding, annotations & editing software Editor's Pick. Stage: Acquired Microsoft Accelerator
  39. 39. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics 39 Enterprise Infrastructure > Developer Tools: Leaderboard Global SaaS - India > Market Details > Market: Developer Tools #1 Top Markets of Investment Activity Better than Market Average Market: Developer Tools Overall Rating Company Name Year Location Stage Funding ($M) Funding Rounds Team Rating Execution Quality Size Metrics 6M Growth Metrics App Rating App UI Web UI Social Followers Mobile Downloads Mobile Reviews News Mentions Mobile Reviews Social Followers Δ % Δ % 5.0 Postman 2014 Bangalore Series B $58M 3 - - - - 13.6k - - 22 - - 1.4k 11% 4.7 BrowserStac k 2011 Mumbai Series A $50M 1 5 - - - 9.1k - - 11 - - 117 1% 2.8 Smart Software Testing Solutions 2015 Bangalore Seed $1M 1 - - - - 284 - - 4 - - -1 - 2.7 eureQa 2012 Hyderabad Seed $1.2M 3 - - - - 90 - - 3 - - 6 7% 1.0 Stackhive 2012 Singapore Seed $462k 3 - - - - 87 - - - - - -3 -3% 0.4 Capiot 2014 Palo Alto Unfunded - - - - - 4 121 - - - - - 1 1% 0.1 Docspad 2013 Bangalore Acquired - - - - - - 203 - - - - - -8 -4% 0.0 Dhi 2015 London Funded - - 3 - - - 51 - - - - - -1 -2%
  40. 40. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Incubators Seed Sequoia Capital (#1), Credit Suisse (#1) Series A/B Accel (#1), Tiger Global Management (#1) Series C+ Insight Venture Partners (#1) None Angel MergerWare (2016, Boston, $210k) $18.4M - Series C Chargebee (2011, Chennai, $25.1M) $2.1M - Seed Accern (2013, New York City, $3.5M) $1.4M - Seed Accern (2013, New York City, $3.5M) $100k - Angel MergerWare (2016, Boston, $210k) $2M - Series A BankerBay (2012, Bangalore, $5M) $110k - Angel MergerWare (2016, Boston, $210k) Seed BankerBay (2012, Bangalore, $5M) $2M - Seed BankerBay (2012, Bangalore, $5M) $5M - Series B Chargebee (2011, Chennai, $25.1M) $197k - Seed Reachaccountant (2010, Chennai, $903k) Jul 2019 SunTec Xelerate® helps Banks accelerate Digital Transformation by ‘Hollowing out the Core’, Financial IT Jun 2019 MSB boosts customer experience with SunTec Xelerate, Finextra Apr 2019 SunTec Confluence Dubai Highlights Critical Need for Elevating Customer Experience through Digital Transformation, DIGITAL TERMINAL Feb 2019 Chargebee and Softrax Join Forces to Provide Out-of-the-Box Subscription Billing and Revenue Recognition, GlobeNewswire Feb 2019 BBK Bahrain deploys SunTec VAT solutions, ITP Jan 2019 Suntec Reit Q4 DPU dips 0.5% to 2.59 S cents on enlarged unit base, The Business Times Nov 2018 SaaS startup MergerWare raises funds from executives of Schneider Electric, Visiom, The Indian Wire Jul 2018 Accern and TrueRisk Labs Announce the Next Generation of Unique Machine-Learning Trading Signals and Portfolios, PRWeb Jun 2018 Chargebee Launches Revenue Story Analytics Platform; Enhance SaaS subscription for Ecommerce Companies, Technology-Signals Dec 2017 This NYC Startup Just Raised $2.1M To Ensure the Finance Industry is Well Informed, AlleyWatch Nov 2017 MergerWare Expands in Europe and Australia With the Key Hiring of Partners Karine Artus and Toby Testor, BW Businessworld Nov 2017 Fintech funding round-up, Banking Technology Sep 2017 BankerBay Launches Operations in China, PR Newswire News - 1 2 7 23 M&A/IPO Series C+ Series A+ Funded Companies Covered Funding Funnel Enterprise Apps > Finance & Accounting: Market Factsheet 40 Exits Most Active Investors Recent InvestmentsCompanies that offer software solutions for automating functions of finance and accounting department of an organization SunTec (1990, Thiruvananthapuram) Chargebee (2011, Chennai, $25.1M) BankerBay (2012, Bangalore, $5M) Accern (2013, New York City, $3.5M) Reachaccountant (2010, Chennai, $903k) Top Companies #2 Top Markets of Investment Activity Global SaaS - India > Market Details > Market: Finance & Accounting Companies Created 23 | Funded 7 | Total Funding $34.7M 0 2 4 $0k $20M $40M 2014 2015 2016 2017 2018 Predicted Funding YoY Funding Rounds Predicted Rounds YoY Funding and Rounds Market: Finance & Accounting
  41. 41. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 201941 Enterprise Apps > Finance & Accounting: Top Companies Global SaaS - India > Market Details > Market: Finance & Accounting #2 Top Markets of Investment Activity Market: Finance & Accounting Analyst’s Pick Chargebee (2011, Chennai, $25.1M) Managed subscription billing service for SaaS Minicorn. Stage: Series C Insight Venture Partners, Accel, Tiger Global Management, Girish Mathrubootham BankerBay (2012, Bangalore, $5M) Web-based deal origination tool for PE firms and investment banks Editor's Pick. Stage: Series A Venture Collective, Ernst and Young, NTUitive SunTec (1990, Thiruvananthapuram) SaaS products for revenue and risk management. Editor's Pick. Stage: Unfunded
  42. 42. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics 42 Enterprise Apps > Finance & Accounting: Leaderboard Global SaaS - India > Market Details > Market: Finance & Accounting #2 Top Markets of Investment Activity Better than Market Average Market: Finance & Accounting Overall Rating Company Name Year Location Stage Funding ($M) Funding Rounds Team Rating Execution Quality Size Metrics 6M Growth Metrics App Rating App UI Web UI Social Followers Mobile Downloads Mobile Reviews News Mentions Mobile Reviews Social Followers Δ % Δ % 5.0 Chargebee 2011 Chennai Series C $25.1M 4 - - - - 4.8k - - 6 - - 312 7% 3.5 MergerWare 2016 Boston Seed $210k 3 - - - - 91 - - 3 - - 15 20% 3.3 Accern 2013 New York City Seed $3.5M 2 - - - - 720 - - 5 - - - - 3.0 BankerBay 2012 Bangalore Series A $5M 4 - - - - 2.6k - - 3 - - 12 - 3.0 SunTec 1990 Thiruvanan thapuram Unfunded - - - - - 4 5.8k - - 13 - - -75 -1% 2.5 Reachaccoun tant 2010 Chennai Seed $903k 3 - 4 - - 114 750 15 - - - -2 -2% 2.2 Stockopedia 2008 London Unfunded - - 5 - - - 14.4k - - - - - 93 1% 2.1 GSTRoot 2017 Delhi Unfunded - - 5 5 - 4 7 30 3 - - - 1 17% 2.1 Easy Accountax 2008 Ahmedaba d Unfunded - - - 5 4 5 93 2k 15 - 1 7% -1 -1% 1.5 ShimBi MyBilling 2005 Pune Unfunded - - - - - - 762 - - - - - 6 1% 1.5 Invoicera 2009 Delhi Unfunded - - - 3 - - 2.8k 3k 44 - 2 5% -48 -2% 1.1 Slick Account 2012 Puri Funded - - - - - - 389 - - - - - -18 -4% 0.9 Experience SURE! 2013 Hyderabad Unfunded - - - - - - 370 - - - - - -1 - 0.9 Beejak 2011 Noida Unfunded - - - - - - 256 - - - - - -1 -
  43. 43. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Incubators The ARK Challenge (#1) Seed Helion Venture Partners (#1), Blume Ventures (#1) Series A/B Accel (#1), New Enterprise Associates (#1) Series C+ Sequoia Capital (#1), Intel Capital (#1) July Systems Jun - 2018 Acq by Cisco $1M - Series A IntelligenceNode (2012, Mumbai, $7.4M) $876k - Series B Vinculum Solutions (2007, Noida, $12.7M) $2M - Series A IntelligenceNode (2012, Mumbai, $7.4M) $1.9M - Series B Vinculum Solutions (2007, Noida, $12.7M) Angel SnapBizz (2013, Bangalore, $8.9M) $7.2M - Series A SnapBizz (2013, Bangalore, $8.9M) $4.3M - Series A Zettata (2013, Bangalore, $4.3M) $4M - Series A IntelligenceNode (2012, Mumbai, $7.4M) $2.9M - Series B Vinculum Solutions (2007, Noida, $12.7M) Jul 2019 Tech focussed VC fund Cornerstone invests $2 mn in two B2B startups, Indiatimes Jun 2019 GOFRUGAL Launches GoSecure, a Real Time Back-up as a Service (BaaS) for Traders, DIGITAL TERMINAL Jun 2019 Intelligence Node Releases Aggressive MAP Monitoring and Enforcement Solution to Fight Against Counterfeit and Brand Pricing Fraud, Business Wire Feb 2019 New Report Reveals Significant Changes in Consumer Shopping Trends, PR Newswire Oct 2018 CitiXsys locks in $20 mln Series B, PE Hub Oct 2018 Global Automotive Display Systems Market 2018 Analysis – Continental, Delphi Automotive, Denso, Robert Bosch, LG Display, Talk Daily News Jun 2018 Intelligence Node Launches A Revamped Retail Price Optimizer, PRWeb May 2018 Snapbizz partners Israeli start-up to design promotional offers for shoppers, Business Line Mar 2018 SnapBizz pumps $1.7 M into its Indian entity, Starter Incubator Mar 2018 Delhi Based Vinculum Solutions Raises 82 Lakhs from Existing Investor, Pixr8 May 2017 SnapBizz Partners With Bigbasket, SiliconIndia Jan 2017 Market automation startup Betaout raises investment from East Ventures, others, TechCircle Jan 2017 NEA & Orios Backed Retail Analytics Provider Intelligence Node Raises Rs 5 Cr from BlackSoil Capital, IndianWeb2 News 2 2 7 9 16 M&A/IPO Series C+ Series A+ Funded Companies Covered Funding Funnel Industry Verticals > Retail: Market Factsheet 43 Exits Most Active Investors Recent InvestmentsCompanies providing technology solutions to enable brick-and- mortar retailers to optimize in- store operations and increases sales SnapBizz (2013, Bangalore, $8.9M) July Systems (2001, Bangalore, $60M) Vinculum Solutions (2007, Noida, $12.7M) MartMobi (2013, Hyderabad) IntelligenceNode (2012, Mumbai, $7.4M) Top Companies #3 Top Markets of Investment Activity Global SaaS - India > Market Details > Market: Retail Companies Created 16 | Funded 9 | Total Funding $96M 0 2 4 $0k $5M $10M $15M 2014 2015 2016 2017 2018 Predicted Funding YoY Funding Rounds Predicted Rounds YoY Funding and Rounds Market: Retail
  44. 44. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 201944 Industry Verticals > Retail: Top Companies Global SaaS - India > Market Details > Market: Retail #3 Top Markets of Investment Activity Market: Retail Analyst’s Pick July Systems (2001, Bangalore, $60M) Mobile proximity marketing & app development platform Soonicorn. Stage: Acquired Intel Capital, WestBridge Capital Partners, Updata and 3 Other Investors Vinculum Solutions (2007, Noida, $12.7M) Cloud-based end-to-end logistics and supply chain solutions provider Minicorn. Stage: Series B Alteria Capital, IvyCap Ventures, Accel and 2 Other Investors SnapBizz (2013, Bangalore, $8.9M) Technology solutions provider for offline retailers Minicorn. Stage: Series A Ratan Tata, Jungle Ventures, Blume Ventures and 2 Other Investors MartMobi (2013, Hyderabad) Mobile Commerce platform Editor's Pick. Stage: Acquired Techstars, Touchstone Equities, Bitkemy Ventures
  45. 45. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics 45 Industry Verticals > Retail: Leaderboard Global SaaS - India > Market Details > Market: Retail #3 Top Markets of Investment Activity Better than Market Average Market: Retail Overall Rating Company Name Year Location Stage Funding ($M) Funding Rounds Team Rating Execution Quality Size Metrics 6M Growth Metrics App Rating App UI Web UI Social Followers Mobile Downloads Mobile Reviews News Mentions Mobile Reviews Social Followers Δ % Δ % 5.0 SnapBizz 2013 Bangalore Series A $8.9M 3 - 4 - - 15 15k 115 11 56 95% - - 4.7 Vinculum Solutions 2007 Noida Series B $12.7M 5 5 - - - - - - 4 - - - - 4.1 IntelligenceN ode 2012 Mumbai Series A $7.4M 5 - - - - - - - 7 - - - - 3.3 TouchMagix 2009 Pune Seed $500k 1 4 - - - 1.9k - - 1 - - 38 2% 3.2 July Systems 2001 Bangalore Acquired $60M 5 - - - - - - - 2 - - -19 - 100% 2.9 iVend Retail 2004 Delhi Unfunded - - - 4 - - 1.6k 6k 62 3 2 3% 5 - 2.8 MineWhat 2012 Bangalore Seed - 1 - - - - 248 - - - - - 2 1% 2.6 GoFrugal Technologies 2004 Chennai Unfunded - - - 4 - - - 146k 765 1 77 11% - - 2.5 Zettata 2013 Bangalore Acqui- Hired $4.3M 2 - - - - 19 - - - - - - - 2.4 MartMobi 2013 Hyderabad Acquired - 1 - - - - 179 - - 2 - - -6 -3% 1.3 Affaan 2004 Dubai Unfunded - - - - - - 47 - - - - - 1 2% 1.0 Putler 2007 Mumbai Unfunded - - - - - - 194 - - - - - -1 -1% 0.7 Bosch - iero 2016 Pittsburgh Unfunded - - - - - - 46 - - 1 - - -1 -2% 0.6 StrideAware 2015 San Francisco Unfunded - - 4 - - 3 - - - - - - - -
  46. 46. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Incubators GSF (#1), Dreamit (#1) Seed Series A/B Accel (#1), Chiratae Ventures (#1) Series C+ Newgen Software Jan - 2018 IPO'd on NSE $115k - Angel Awaaz.De (2010, Ahmedabad, $241k) $3M - Series A PlumSlice (2012, San Francisco, $5M) Seed Yellowant (2015, Bangalore) $9M - Series B Jifflenow (2006, Bangalore, $13M) $200k - Angel InFeedo (2013, Gurgaon, $200k) Angel InFeedo (2013, Gurgaon, $200k) $2M - Series A PlumSlice (2012, San Francisco, $5M) Angel Sabse Technologies (2008, Mountain View) $4M - Series A Jifflenow (2006, Bangalore, $13M) $126k - Seed Awaaz.De (2010, Ahmedabad, $241k) $17.7M - Series B Newgen Software (1992, Delhi, $27.4M) Jun 2019 Mashreq Bank and Newgen Software Bag the Best Process Automation Initiative Awards, 2019, PR Newswire May 2019 Newgen Software FY19 net profit up by 40% at INR 102.2 crore, NewsBarons May 2019 Jifflenow Unveils Briefing Center Software That Drives More Customer Engagements, Business Wire Mar 2019 Newgen Positioned as a Strong Performer in Digital Process Automation for Wide Deployments, DIGITAL TERMINAL Mar 2019 Newgen recognised as Strong Performer in Digital Process Automation for Wide Deployments, Business Standard Mar 2019 Incredible Growth Of Oil & Gas Data Management Market Research Report2026: Capgemini S.a., Emc Corporation, Ibm Corporation, Newgen Software, Inc., Cisco Systems, Inc., Sap Se, Red Newswire Jan 2019 Complete New Strategy on Global Cloud Enterprise Content Management Market Forecast 2022: Profiled Key Players Are OpenText Corporation, Newgen Software, Xerox Corporatio, Digital Journal Jan 2019 Newgen Software Q3 profit jumps over 2-folds to Rs 18 crore, Business Today Nov 2018 Newgen to Showcase Solutions that Drive Digital Transformation at Gartner Symposium/ITxpo 2018, Dataquest Oct 2018 Newgen Software Q2 profit more than double, Business Line May 2018 Newgen launches OmniDocs10.0 - enhanced ECM version to build digital workplace, Gadgets Now News 1 - 3 11 19 M&A/IPO Series C+ Series A+ Funded Companies Covered Funding Funnel Enterprise Apps > Collaboration: Market Factsheet 46 Exits Most Active Investors Recent InvestmentsCompanies providing integrated software solutions used by employees to communicate and collaborate, and complete work, tasks across departments within the enterprise Newgen Software (1992, Delhi, $27.4M) Jifflenow (2006, Bangalore, $13M) Yellowant (2015, Bangalore) PlumSlice (2012, San Francisco, $5M) Awaaz.De (2010, Ahmedabad, $241k) Top Companies #4 Top Markets of Investment Activity Global SaaS - India > Market Details > Market: Collaboration Companies Created 19 | Funded 11 | Total Funding $45.9M 0 2 4 $0k $5M $10M $15M 2014 2015 2016 2017 2018 Predicted Funding YoY Funding Rounds Predicted Rounds YoY Funding and Rounds Market: Collaboration
  47. 47. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 201947 Enterprise Apps > Collaboration: Top Companies Global SaaS - India > Market Details > Market: Collaboration #4 Top Markets of Investment Activity Market: Collaboration Analyst’s Pick Newgen Software (1992, Delhi, $27.4M) Provider Content Management and Document Management System Soonicorn. Stage: Public Ascent Capital, Chiratae Ventures, SAP and 2 Other Investors Jifflenow (2006, Bangalore, $13M) Cloud-based meeting scheduling solution for enterprises Minicorn. Stage: Series B Saama Capital, Accel Yellowant (2015, Bangalore) Chatbot to increase enterprise productivity Editor's Pick. Stage: Seed GSF, Anand Chandrasekaran, Powerhouse Ventures
  48. 48. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics 48 Enterprise Apps > Collaboration: Leaderboard Global SaaS - India > Market Details > Market: Collaboration #4 Top Markets of Investment Activity Better than Market Average Market: Collaboration Overall Rating Company Name Year Location Stage Funding ($M) Funding Rounds Team Rating Execution Quality Size Metrics 6M Growth Metrics App Rating App UI Web UI Social Followers Mobile Downloads Mobile Reviews News Mentions Mobile Reviews Social Followers Δ % Δ % 5.0 Newgen Software 1992 Delhi Public $27.4M 3 4 4 3 3 2.3k 5k 143 53 9 7% 42 2% 4.2 Jifflenow 2006 Bangalore Series B $13M 2 - 5 - - 439 6k 27 3 - - 19 5% 3.7 PlumSlice 2012 San Francisco Series A $5M 2 - 5 - - 191 300 4 4 - - - - 3.2 ProofHub 2010 Chandigarh Unfunded - - - 4 - - 17k 8k 100 - 17 20% 470 3% 3.1 InFeedo 2013 Gurgaon Seed $200k 2 - - - - 153 - - 3 - - - - 2.8 Awaaz.De 2010 Ahmedaba d Seed $241k 2 - - - - 784 - - 2 - - -5 -1% 2.4 Celoxis 2001 Pune Unfunded - - - - - - 10k - - - - - 7.7k 327% 1.9 CollaborateC loud 2012 Bangalore Seed $25k 2 - - - - 212 - - 1 - - -13 -6% 1.9 Yellowant 2015 Bangalore Seed - 1 - - - - - - - 1 - - - - 1.5 Zilicus 2011 Pune Unfunded - - - 5 - - 1.1k 750 6 - - - - - 1.4 Mammoth 2013 San Francisco Funded - - - - - - 495 - - - - - -11 -2% 1.1 Conexstra 2014 Pune Funded - - - - - - 41 - - - - - - - 1.0 Dotmach 2012 Bangalore Unfunded - - - - - - 859 - - - - - -7 -1% 0.9 DeskAway 2007 Mumbai Unfunded - - - - - - 999 - - - - - -13 -1% 0.0 PanApps 2017 Sterling Unfunded - - - - - 3 - - - - - - - -
  49. 49. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Incubators AdvantEdge (#1), Techstars (#1) Seed Singapore Angel Network (#1), Beenext (#1) Series A/B Series C+ IL&FS Investment Managers (#1) BetaOut Oct - 2018 Acq by Bluecore Uninstall.io Jul - 2018 Acq by MaNaDr $1M - Seed Wigzo (2013, Delhi, $2.5M) $122k - Seed Wigzo (2013, Delhi, $2.5M) $122k - Seed Wigzo (2013, Delhi, $2.5M) $688k - Seed Wigzo (2013, Delhi, $2.5M) Seed BetaOut (2013, Noida, $2M) $35k - Seed Yfret (2015, Bangalore, $90k) $300k - Seed Cognistx (2015, Raleigh, $300k) $1.5M - Seed BetaOut (2013, Noida, $2M) $55k - Seed Yfret (2015, Bangalore, $90k) $500k - Seed Wigzo (2013, Delhi, $2.5M) $500k - Seed BetaOut (2013, Noida, $2M) Jul 2019 Tech focussed VC fund Cornerstone invests $2 mn in two B2B startups, Indiatimes Jun 2019 Resulticks Welcomes Sophie Pibouin as Executive VP of Sales of the Americas, PR Newswire May 2019 Resulticks named in Gartner Magic Quadrant, NewsBarons May 2019 Resulticks Names Mani Gopalaratnam as New Chief Technology Officer, Dataquest Oct 2018 Bluecore Expands Global Footprint with the Acquisition of Betaout, Business Wire Jul 2018 Singaporean Healthtech Startup Acquires Rajan Anandan- Backed Uninstall.io, Inc42 Apr 2017 Wigzo Technologies plans overseas expansion, Business Line Feb 2017 Plumb5 Prepares its Enterprise Reporting Bot, Business PR News Jan 2017 Market automation startup Betaout raises investment from East Ventures, others, TechCircle Jan 2017 Pittsburgh firm has green light for growth in North Carolina, The Business Journals Sep 2016 #Impactwire – How a Startup is Working to Improve Digital Literacy & Create Jobs in Rural India, IamWire Sep 2016 How to manage your time and become more productive while running a startup, E27 May 2016 This 26-year-old doctor turned serial entrepreneur and investor has invested in 26 startups, YourStory Media Apr 2016 Betaout raises $1.5M to help e-commerce companies manage marketing campaigns, TechCrunch News 2 1 1 9 24 M&A/IPO Series C+ Series A+ Funded Companies Covered Funding Funnel Enterprise Apps > Marketing: Market Factsheet 49 Exits Most Active Investors Recent InvestmentsCompanies providing SaaS marketing management and optimization solutions helping brands in engaging prospects and clients Wigzo (2013, Delhi, $2.5M) BetaOut (2013, Noida, $2M) Cognistx (2015, Raleigh, $300k) AeroLeads (2015, Bangalore) Corporate360 (2012, Kollam, $200k) Top Companies #5 Top Markets of Investment Activity Global SaaS - India > Market Details > Market: Marketing Companies Created 24 | Funded 9 | Total Funding $10.5M 0 2 4 6 $0k $1M $2M 2014 2015 2016 2017 2018 Predicted Funding YoY Funding Rounds Predicted Rounds YoY Funding and Rounds Market: Marketing
  50. 50. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 201950 Enterprise Apps > Marketing: Top Companies Global SaaS - India > Market Details > Market: Marketing #5 Top Markets of Investment Activity Market: Marketing Analyst’s Pick Wigzo (2013, Delhi, $2.5M) Online contextual marketing platform Editor's Pick. Stage: Seed Cornerstone Venture Partners Fund, Richard Rekhy, Seafund and 26 Other Investors BetaOut (2013, Noida, $2M) Marketing personalisation and engagement software for eCommerce Minicorn. Stage: Acquired East Ventures, Stanford Angels & Entrepreneurs, Mumbai Angels and 29 Other Investors Cognistx (2015, Raleigh, $300k) Contextual Targeting platform for customer engagement Editor's Pick. Stage: Seed Huntington National Bank AeroLeads (2015, Bangalore) Web-based lead generation and prospecting tool Editor's Pick. Stage: Unfunded
  51. 51. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics 51 Enterprise Apps > Marketing: Leaderboard Global SaaS - India > Market Details > Market: Marketing #5 Top Markets of Investment Activity Better than Market Average Market: Marketing Overall Rating Company Name Year Location Stage Funding ($M) Funding Rounds Team Rating Execution Quality Size Metrics 6M Growth Metrics App Rating App UI Web UI Social Followers Mobile Downloads Mobile Reviews News Mentions Mobile Reviews Social Followers Δ % Δ % 5.0 BetaOut 2013 Noida Acquired $2M 5 - 5 - - 435 82 15 4 - - -2 - 4.0 Wigzo 2013 Delhi Seed $2.5M 6 - - - - - - - 4 - - - - 3.7 Cognistx 2015 Raleigh Seed $300k 2 - - - - 423 - - 1 - - 7 2% 3.1 Corporate36 0 2012 Kollam Seed $200k 1 2 - - - 591 - - 3 - - - - 3.1 PushEngage 2015 Bangalore Funded - - - - - - 646 - - - - - 56 9% 2.9 Uninstall.io 2015 Bangalore Acquired - - - - - - 213 - - 1 - - 3 1% 2.8 MaaxMarket 2015 Chennai Funded $22k 1 - - - - 2.4k - - 1 - - -11 - 2.7 Resulticks 2012 Chennai Unfunded - - - - - - 2.4k - - 4 - - -50 -2% 2.1 Plumb5 (Decisive Analytical Solutions) 2010 Bangalore Unfunded - - - 5 - - 908 82 12 1 - - -18 -2% 2.1 Yfret 2015 Bangalore Seed $90k 2 - - - - - - - - - - - - 2.1 AeroLeads 2015 Bangalore Unfunded - - 5 - - - 648 - - - - - 2 - 1.8 Insight Heroes 2016 Pune Unfunded - - - 4 - 4 30 750 14 - - - -2 -6% 1.0 Mobobeat 2014 Madrid Unfunded - - - - - - 367 - - - - - -1 - 0.9 Interakt 2013 Gurgaon Unfunded - - - - - - 1.2k - - - - - -32 -3%
  52. 52. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Incubators Seed Kutchi Angel Network (#1) Series A/B Helion Venture Partners (#1) Series C+ Mowbly Mar - 2018 Acq by ASG Technologies $500k - Seed DronaHQ (2007, Mumbai, $1M) Angel mFicient (2013, Delhi) $4.2M - Series A RapidValue (2008, Pleasanton, $4.2M) Angel Mowbly (2011, Hyderabad) $500k - Seed DronaHQ (2007, Mumbai, $1M) Seed RapidValue (2008, Pleasanton, $4.2M) Jan 2019 RapidValue Partners with MSI to Build an Underwriting System for a Streamlined Workflow, PRWeb Aug 2018 DronaHQ Announces Launch of ‘API Genie’, Technology-Signals Mar 2018 ASG Technologies Acquires Mowbly’s Process Mobility Platform, Business Wire Feb 2018 Kutchi Angel Network backs DronaHQ in second angel round, VCCircle Dec 2015 Exclusive: mPaaS Platform, mFicient Technologies Raises Angel Funding - Inc42 Media, Inc42 News 1 - 1 4 5 M&A/IPO Series C+ Series A+ Funded Companies Covered Funding Funnel Enterprise Infrastructure > Mobility: Market Factsheet 52 Exits Most Active Investors Recent InvestmentsCompanies facilitate enterprises to achieve a balance between risk and control while enabling mobility DronaHQ (2007, Mumbai, $1M) RapidValue (2008, Pleasanton, $4.2M) mFicient (2013, Delhi) Mowbly (2011, Hyderabad) Unvired (2007, Bangalore) Top Companies #6 Top Markets of Investment Activity Global SaaS - India > Market Details > Market: Mobility Companies Created 5 | Funded 4 | Total Funding $5.2M 0 1 2 3 $0k $500k $1M 2014 2015 2016 2017 2018 Predicted Funding YoY Funding Rounds Predicted Rounds YoY Funding and Rounds Market: Mobility
  53. 53. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 201953 Enterprise Infrastructure > Mobility: Top Companies Global SaaS - India > Market Details > Market: Mobility #6 Top Markets of Investment Activity Market: Mobility Analyst’s Pick DronaHQ (2007, Mumbai, $1M) Enterprise grade mobile app building platform Editor's Pick. Stage: Seed Kutchi Angel Network
  54. 54. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics 54 Enterprise Infrastructure > Mobility: Leaderboard Global SaaS - India > Market Details > Market: Mobility #6 Top Markets of Investment Activity Better than Market Average Market: Mobility Overall Rating Company Name Year Location Stage Funding ($M) Funding Rounds Team Rating Execution Quality Size Metrics 6M Growth Metrics App Rating App UI Web UI Social Followers Mobile Downloads Mobile Reviews News Mentions Mobile Reviews Social Followers Δ % Δ % 5.0 DronaHQ 2007 Mumbai Seed $1M 2 - 4 - - 344 56k 393 2 - - 24 8% 4.2 RapidValue 2008 Pleasanton Series A $4.2M 2 - - - - 675 - - 1 - - 11 2% 2.0 Mowbly 2011 Hyderabad Acquired - 1 - - - - 160 - - 1 - - -6 -4% 1.1 mFicient 2013 Delhi Seed - 1 - 5 3 3 11 300 13 1 - - - - 0.0 Unvired 2007 Bangalore Unfunded - - - 4 - - 828 4k 7 1 - - - -
  55. 55. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Public Companies Contents Feed Summary Investment Trend Market Details Exit Outlook Investors News Appendix 55 Notable Acquisitions Top Acquirers Acqui-hires
  56. 56. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Public companies 56 List of Public Companies in Global SaaS - India IPO Date Company IPO Mcap Exchange Ticker Jan 2018 Newgen Software (1992, Delhi) Provider Content Management and Document Management System $267M NSE:NEWGEN Oct 2017 IRIS (2000, Vashi) Cloud based XBRL solutions $9.2M BOM:540735 Aug 2015 Majesco (1982, Morristown) IT Software and Services provider for Insurance Industry NSE:MAJESCO Jun 2014 IMImobile (2000, London) Technology provider for customer engagement $45.4M LON:IMO Apr 2005 3i Infotech (1993, Mumbai) Software Products, IT Services, BPO Services $117M BOM:532628 Global SaaS - India > Exit Outlook > Public Companies
  57. 57. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Notable Acquisitions 57 Notable Acquisitions in Global SaaS - India Global SaaS - India > Exit Outlook > Notable Acquisitions Acq. Date Company Acquirer Deal Size May 2019 Boomerang Commerce (2012, Bangalore) Omnichannel price tracking and price management Lowe Feb 2019 Indix (2010, Chennai) SaaS based Big Data product intelligence platform Avalara Jun 2018 July Systems (2001, Bangalore) Mobile proximity marketing & app development platform Cisco Mar 2014 Skillsoft (1998, Nashua) Corporate Learning Management System (LMS) Charterhouse Capital Partners $2B Jun 2013 redBus (2006, Bangalore) Online bus ticket booking portal and app Ibibo Group $139M Oct 2007 Newgen Software (1992, Delhi) Provider Content Management and Document Management System Aspen Marketing Services
  58. 58. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Most Active Acquirers 58 Most Active Acquirers in Global SaaS - India View on Tracxn Note: Including Acquihires = All acquisitions across all sectors. Global SaaS - India > Exit Outlook > Most Active Acquirers Acquirer Acquisitions in Sector Acquisitions across Sectors Including Acquihires Top Target Company (Acq Date, Deal Value) Freshworks Cloud-based business management applications provider 4 8 10 Zarget (Aug 2017) Pipemonk (Jan 2017) Snapdeal Online horizontal marketplace 3 13 14 Unicommerce (Mar 2015, $5.7M) TargetingMantra (May 2016) Cisco Manufacturer of networking Equipment 2 119 119 July Systems (Jun 2018) Cmpute (Dec 2017) Nutanix Converged Compute and storage infrastructure 2 5 5 Minjar (Mar 2018, $50M) Calm (Aug 2016, $8.3M) Capillary Tech Omnichannel engagement and commerce platform for businesses 2 3 3 Martjack (Apr 2015) Sellerworx (Oct 2016) IBM Computer technology and consulting corporation 1 99 99 Sanovi (Oct 2016) Apple Consumer Electronics manufacturer 1 65 67 Tuplejump (Sep 2016) Yahoo News and On-line directory 1 58 64 Docspad (Sep 2014) Facebook Social networking site 1 49 56 Little Eye Labs (Jan 2014) Salesforce Cloud Based CRM, Social collaboration for the Enterprise 1 37 38 Dimdim (Jan 2011, $31M) Twitter Social networking platform for real-time updates 1 36 43 ZipDial (Jan 2015, $30M)
  59. 59. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Acqui-hires 59 List of Acqui-hires in Global SaaS - India Date Target Mar-17 Zettata Acq by Target Jul-16 Cubeit Acq by Myntra Global SaaS - India > Exit Outlook > Acqui-hires View all 2 Acqui-hired companies on Tracxn Platform
  60. 60. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Contents Feed Summary Investment Trend Market Details Exit Outlook Investors News Appendix 60 Details on VC & PE Investors Seed Stage Early Stage Late Stage Details on Top Ecosystem Players
  61. 61. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 201961 Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE) Global SaaS - India > Investors > Index of Most Active VC & PE Investors Index of Top Investors (VC, PE) by Stage in Global SaaS - India; Last 5 years (Jul 2014 - Jun 2019) Index of Most Active VC & PE Investors SEED STAGE Accel (5 Investments) Helion Venture Partners (3 Investments) Artha India Ventures (3 Investments) Nexus Venture Partners (3 Investments) SRI Capital (3 Investments) Social Capital (2 Investments) Jungle Ventures (2 Investments) Right Side Capital Management (2 Investments) GrowX Venture Management (2 Investments) One97 Mobility Fund (2 Investments) Utthishta (2 Investments) Bessemer Venture Partners New Enterprise Associates Foundation Capital Mayfield EARLY STAGE Accel (6 Investments) Sequoia Capital (6 Investments) Tiger Global Management (5 Investments) Vertex Ventures (4 Investments) Blume Ventures (4 Investments) Beenext (4 Investments) New Enterprise Associates (3 Investments) SAIF Partners (3 Investments) Eight Roads Ventures (3 Investments) Cisco Investments (3 Investments) Omidyar Network (3 Investments) Matrix Partners India (3 Investments) Nexus Venture Partners (3 Investments) Kalaari Capital (3 Investments) Norwest Venture Partners (2 Investments) LATE STAGE IVP (2 Investments) Lightspeed Venture Partners (2 Investments) Insight Venture Partners (2 Investments) Bessemer Venture Partners Temasek Eight Roads Ventures Meritech Capital Partners Cisco Investments E.ventures Warburg Pincus CapitalG March Capital Partners Deutsche Telekom Capital Partners DAG Ventures Cross Creek
  62. 62. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Accel 62 Portfolio in Global SaaS - India | Exits | Funds Link | Website | LinkedIn | Twitter Global SaaS - India > Investors > Accel People Investments [Unicorn] Freshworks (2010, Chennai, $250M, Series G) Cloud-based business management applications provider [Soonicorn] BlueJeans Network (2009, Mountain View, $175M, Series E) Cloud-based video conferencing service [Soonicorn] Zenoti (2010, Hyderabad, $71.3M, Series C) Cloud based business management software [Soonicorn] BrowserStack (2011, Mumbai, $50M, Series A) Cloud platform for online cross-browser testing [Minicorn] CleverTap (2013, Mumbai, $41.6M, Series B) User behaviour analysis & targeting tool [Minicorn] MindTickle (2011, Pune, $41.3M, Series B) Gamified Employee Training Platform [Minicorn] Chargebee (2011, Chennai, $25.1M, Series C) Managed subscription billing service for SaaS [Minicorn] CareStack (2015, Thiruvananthapuram, $16M, Series A) Cloud based enterprise software for dental practice management [Minicorn] Tracxn (2013, Bangalore, $14M, Series B) Market intelligence platform for private market [Minicorn] Jifflenow (2006, Bangalore, $13M, Series B) Cloud-based meeting scheduling solution for enterprises [Minicorn] Vinculum Solutions (2007, Noida, $12.7M, Series B) Cloud-based end-to-end logistics and supply chain solutions provider [Minicorn] Hotelogix (2008, Noida, $10M, Series B) Hotel Property & Booking Management Software [Minicorn] MobStac (2009, Bangalore, $4.4M, Series B) Beacon based marketing platform for retailers Global SaaS - India Notable Portfolio Top Exits Recent News on Fund & Portfolio Arthur Patterson Co-Founder Jim Swartz Co-Founder Geographical Spread Stage of Entry Jul 2019 Freshworks expands local product hosting on Sydney data centre, datacenternews.asia Jun 2019 VAD Technologies announces distribution partnership with Freshworks, tahawultech.com Jun 2019 Software rental firms turn the spotlight on India, Indiatimes Jun 2019 Vonage and Freshworks Enhance Customer Experience Via Multichannel Communications, directorsclub.news Jun 2019 SaaS-based startup Freshworks plans to invest in AI chatbots, The Indian Wire Jun 2019 Unicorn Freshworks starts investing in AI and chatbots, Indiatimes Jun 2019 Dangote Group deploys Freshworks to unify IT service management across 19 subsidiaries, africabusinesscommunities.com Jun 2019 Freshworks’ Freshdesk named a Customers’ Choice in Gartner Peer Insights ‘Voice of the Customer’: CRM Customer Engagement Center Market Report, directorsclub.news redBus (2006, Bangalore, $10M) Acq by Ibibo Group - Jun 2013 Zarget (2015, Chennai, $7.5M) Acq by Freshworks - Aug 2017 Konotor (2013, Chennai, $160k) Acq by Freshworks - Dec 2015 5 8 5 2 6 2 6 2 4 2 2014 2015 2016 2017 2018 2019 Follow On New Investments 2 - 2 10 9 Undisclosed Series C+ Series B Series A Seed20 3 - - - India US
  63. 63. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Helion Venture Partners 63 Portfolio in Global SaaS - India | Exits | Funds Link | Website | LinkedIn | Twitter Global SaaS - India > Investors > Helion Venture Partners People Investments [Soonicorn] PubMatic (2006, Redwood City, $76M, Series E) Sell-Side Platform [Minicorn] Seclore (2005, Mumbai, $35.6M, Series B) Policy and encryption based information right management solutions [Minicorn] Whatfix (2010, Bangalore, $18.1M, Series B) Online self service tool for interactive how-to guides [Minicorn] MoEngage (2014, Bangalore, $14.2M, Series B) Mobile based platform for personalized marketing [Minicorn] Cubeit (2012, Bangalore, Acqui-Hired) Content organization and management tool Global SaaS - India Notable Portfolio [Unicorn] Ola (2011, Bangalore, $3.6B, Series J) App-based asset-light cab operator [Unicorn] BigBasket (2011, Bangalore, $886M, Series F) Online retail store for grocery shopping [Unicorn] ShopClues (2011, Gurgaon, $249M, Series E) Ecommerce retail marketplace [Soonicorn] Azure Power (2008, Delhi, $220M, Public) Solar power producer [Soonicorn] LivSpace (2012, Bangalore, $105M, Series C) Online retail for in-home designs and furniture [Soonicorn] Yepme (2011, Gurgaon, $89.1M, Series B) Internet-first brand of men’s and women's garments and accessories [Soonicorn] Toppr (2013, Mumbai, $55.2M, Series C) After-school learning app for K-5 to K-12 students and test preparation [Soonicorn] Axtria (2009, Gurgaon, $54.4M, Series C) Big data and analytics company Other Notable Portfolio Top Exits Recent News on Fund & Portfolio Ashish Gupta Co-Founder & Senior Managing Director Rahul Chandra Co-Founder & Managing Director Sanjeev Aggarwal Co-Founder & Senior Managing Director Geographical Spread Stage of Entry May 2019 Bukalapak Partners Moengage For Cross-channel Customer Engagement Needs, Digital News Asia Mar 2019 MoEngage launches two new products at GROWTH19, Deccan Chronicle Holdings Mar 2019 MoEngage Achieves AWS Digital Customer Experience Competency Status, Business Wire India Jan 2019 Nippon Life Insurance’s venture arm invests in Indian fintech startup, VCCircle Jan 2017 Freshdesk buys data integration firm Pipemonk, Business Standard Jan 2017 Freshdesk Continues Its Acquisition Spree, Adds Data Integration Platform Pipemonk To Its Kitty, Inc42 Jan 2017 Freshdesk continues acquisition spree, buys data integration startup Pipemonk, Deal Street Asia Jan 2017 Freshdesk acquires data integration startup Pipemonk, TechCrunch Jan 2017 Freshdesk acquires Pipemonk to help it move data across multiple cloud apps, E27 Jan 2017 Freshdesk Buys Pipemonk, FinSMEs redBus (2006, Bangalore, $10M) Acq by Ibibo Group - Jun 2013 Pipemonk (2013, Bangalore, $2.2M) Acq by Freshworks - Jan 2017 1 1 1 1 3 1 4 2 2014 2015 2016 2017 2018 2019 Follow On New Investments - 1 - 4 5 Undisclosed Series C+ Series B Series A Seed8 2 - - - India US
  64. 64. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Artha India Ventures 64 Portfolio in Global SaaS - India | Exits | Funds Link | Website | LinkedIn | Twitter Global SaaS - India > Investors > Artha India Ventures People Investments [Minicorn] Talview (2012, Bangalore, $7.2M, Series A) Automated Video Interviews [Editor's Pick] Exotel (2011, Bangalore, $5M, Series A) Cloud telephony platform for businesses Global SaaS - India Notable Portfolio [Unicorn] Lyft (2012, San Francisco, $5.1B, Public) On-Demand Taxi [Unicorn] OYO Rooms (2013, Gurgaon, $1.6B, Series E) Branded marketplace for budget hotel accommodation [Soonicorn] Tala (2011, Los Angeles, $105M, Series C) Micro loans for consumers based on smartphone data [Minicorn] Purplle (2012, Mumbai, $16.4M, Series B) Online platform for buying beauty products and booking salon and spa [Minicorn] Aibono (2013, Bangalore, $3.1M, Seed) Services for farm data collection & analytics and mobile application for farm management [Minicorn] SSP Advantage (2012, Mumbai, $2.4M, Seed) Online platform to book tablet, laptop and mobile phone repair service [Minicorn] vPhrase (2015, Mumbai, $110k, Seed) AI enabled report generation tool [Editor's Pick] CapLinked (2010, Los Angeles, $11M, Series B) Enterprise file sharing and document management [Editor's Pick] ICON (2017, Austin, $9M, Seed) Developer of 3D printed houses [Editor's Pick] Fynd (2012, Mumbai, $7.6M, Series C) Online retailer of multi-category fashion products Other Notable Portfolio Top Exits Recent News on Fund & Portfolio Anirudh Damani Founder & Director Geographical Spread Stage of Entry May 2019 InstaSafe Partners With ESDS With Its Zero Trust Security For Businesses To Adopting Cloud, -The Indian Express Pvt Mar 2019 Cloud Telephony Service Market Segmentation Careful Study With Forecast To 2026, Red Newswire Mar 2019 Cloud Telephony Service Market 2019 Growth Analysis by Top Leading Players Cisco Systems, Inc. DIALPAD, Exotel Techcom Pvt. Ltd. Go 2 Market India Pvt. Ltd. and AVOXI., Digital Journal Mar 2019 Exotel’s Lead Assist gets a patent granted for its path- breaking technology: now Marketplaces will have an upper edge, CyberMedia India Online Jan 2019 Exotel appoints Anil Kumar as Senior vice President- Engineering, enterpriseitworld.com Dec 2018 “Cloud telephony can play a major role in disaster management” Exotel, TELECOMDRIVE Nov 2018 Rajeev Menon Joins Talview as its Chief Product Officer, PR Newswire None 11 1 1 2014 2015 2016 2017 2018 2019 Follow On New Investments - - - 1 3 Undisclosed Series C+ Series B Series A Seed4 - - - - India
  65. 65. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 Nexus Venture Partners 65 Portfolio in Global SaaS - India | Exits | Funds Link | Website | LinkedIn | Twitter Global SaaS - India > Investors > Nexus Venture Partners People Investments [Unicorn] Druva (2008, Sunnyvale, $330M, Series G) Backup & data loss prevention solution for enterprises [Unicorn] Aryaka Networks (2009, Milpitas, $184M, Series F) WAN optimization and Accelerated application delivery [Soonicorn] PubMatic (2006, Redwood City, $76M, Series E) Sell-Side Platform [Soonicorn] Postman (2014, Bangalore, $58M, Series B) HTTP client to test web services [Soonicorn] Helpshift (2011, Pune, $38.2M, Series B) Mobile First Customer Service Helpdesk [Soonicorn] Headspin (2015, Mountain View, $20M, Series B) App Testing on global mobile network [Minicorn] Blueshift (2014, San Francisco, $30M, Series B) AI-enabled marketing automation platform [Editor's Pick] Goodera (2014, Bangalore, $18.6M, Series B) Cloud-based platform for corporates to manage their CSR activity [Editor's Pick] Hypertrack (2015, Delhi, $8.5M, Series A) API to track and trace deliveries Global SaaS - India Notable Portfolio [Unicorn] Snapdeal (2007, Delhi, $1.8B, Series H) Online horizontal marketplace [Unicorn] Clover Health (2014, San Francisco, $925M, Series E) Healthcare insurance for senior citizens [Unicorn] Zomato (2008, Gurgaon, $688M, Series I) Online platform for food discovery, ordering, and table booking at restaurants Other Notable Portfolio Top Exits Recent News on Fund & Portfolio Naren Gupta Co-Founder Suvir Sujan Co-Founder Sandeep Singhal Co-Founder Geographical Spread Stage of Entry Mar 2019 HeadSpin Gains Momentum in Mobile Gaming Industry with New Customers and NetEase Partnership, PR Newswire Mar 2019 HeadSpin Announces Acquisition of NimbleDroid, PR Newswire Mar 2019 HeadSpin Launches Mobile Performance Management Product To Help Mobile Teams Solve Performance Issues More Easily, PR Newswire Oct 2018 Daily funding roundup - October 31st, 2018, Vator Oct 2018 Valued at $500M, investors say HeadSpin is 'one of the fastest-scaling software companies' ever, TechCrunch Oct 2018 Daily funding roundup - October 30th, 2018, Vator Jul 2018 SAIF, Nexus And Omidyar Backs CSR Management Startup Goodera, Inc42 Apr 2018 Goodera in talks with angels to raise up to $14 million, Indiatimes Mar 2018 Goodera Raises 79 Crore Series B Funding, Pixr8 Feb 2018 Find out how Bengaluru startup HyperTrack helps keep Thai sex workers safe and track your food order, YourStory Media Indix (2010, Chennai, $29.5M) Acq by Avalara - Feb 2019 Unicommerce (2012, Delhi, $11.1M) Acq by Snapdeal - Mar 2015 Dimdim (2006, Lowell, $8.4M) Acq by Salesforce - Jan 2011 TargetingMantra (2013, Gurgaon, $1.1M) Acq by Snapdeal - May 2016 ZLemma (2013, Mountain View) Acq by Hired - Nov 2015 5 2 4 1 2 4 2 1 2 1 2014 2015 2016 2017 2018 2019 Follow On New Investments - - 2 10 4 Undisclosed Series C+ Series B Series A Seed9 7 - - - India US
  66. 66. Copyright © 2019, Tracxn Technologies Private Limited. All rights reserved.Feed Report - Global SaaS - India - Jul 2019 SRI Capital 66 Portfolio in Global SaaS - India | Exits | Funds Link | Website | LinkedIn | Twitter Global SaaS - India > Investors > SRI Capital Investments [Minicorn] eureQa (2012, Hyderabad, $1.2M, Seed) Cloud test automation platform [Editor's Pick] YellowDig (2013, Philadelphia, $2.4M, Seed) Real-time social network for knowledge collaboration Global SaaS - India Notable Portfolio [Soonicorn] YuppTV (2007, Hyderabad, $67.5M, Series B) Provider of an over-the-top content for South Asia [Soonicorn] ThinCI (2010, El Dorado Hills, $65M, Series C) Provider of vision processors for self-driving cars and supercomputers [Soonicorn] FabHotels (2014, Gurgaon, $43.3M, Series B) Standardized budget hotels [Minicorn] Phenom People (2010, Horsham, $31M, Series B) Customizable Job Search [Minicorn] HealthifyMe (2012, Bangalore, $25.3M, Series B) Online fitness tracker and meal planning platform [Minicorn] SoftWear Automation (2014, Atlanta, $16.6M, Series B) Robotic sewing machine [Minicorn] Sidecar (2007, Philadelphia, $16.3M, Series C) Programmatic Marketing for eCommerce [Minicorn] NumberMall (2012, Hyderabad, $11M, Series A) E-distributor of FMCG products for kirana stores [Minicorn] Foyr (2014, Hyderabad, $9.7M, Series A) VR platform for visualizing real estate spaces [Minicorn] LetsMD (2015, Delhi, $1.5M, Seed) Online comparison platform for medical procedure and medical loan Other Notable Portfolio Top Exits Recent News on Fund & Portfolio Geographical Spread Stage of Entry Mar 2019 Iconic Retailer Achieves 95% Coverage While Reducing Testing Time by Half with AI and ML Powered Test Automation from eureQa, AiThority May 2018 Online Class Discussion Facilitator, Yellowdig Adds $800K in Funding, EdSurge May 2018 Yellowdig college software raises $2.4M from Philly, NY investors, Philly.com Jan 2017 Higher Education’s Fastest Growing Social Media Platform Taps Instructional Design Firm to Apply the Science of “Social Learning” on Campus, Business Wire May 2016 These startups tell you how the move to the Cloud benefited their business, YourStory Media Dec 2015 Hyderabad Based SaaS Startup eureQa Gets $600K in Seed Funding, IamWire Dec 2015 EureQa raises $600,000 from SRI Capital, Gabriel Investments - Livemint, livemint.com Jul 2014 Cloud platform for app developers ShepHertz raises $260K more from Kae Capital, Blume, TechCircle Apr 2013 Tech startup ShepHertz raises funds from Kae Captial, Mumbai Angels & Blume, TechCircle None 11 1 1 2014 2015 2016 2017 2018 2019 Follow On New Investments - - - - 3 Undisclosed Series C+ Series B Series A Seed2 1 - - - India US

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