Indian Product industry poised towards the Giant India SaaS Opportunity

Indian Product Industry SaaS Landscape

The foundation of India’s SaaS industry has been a combination of software products, platforms, combined with the transcending power of delivering software from the cloud, from anywhere. SaaS as a phenomenon has been prevalent for the last 20 years but of late the industry as a whole has started to gain traction and has an addressable market of $400 billion. The Indian SaaS industry is uniquely positioned to take advantage of this untapped opportunity given the competitive edge it gained organically for a number of reasons – the IT Services boom that lead to the development of in-depth understanding of technology that goes into building great products, a highly skilled workforce and of course, the English-speaking proposition.

Indian SaaS Revenues at $3.5 Billion in FY2020, growing at 30%

Global sales accounting for 75% of revenues
India pure-play SaaS companies generated revenue of $2.5 Billion in FY2020
Key verticals adopting SaaS: BFSI, Retail & CPG, Healthcare & Wellness

Diverse India SaaS Player Landscape

Includes Indian pure-play SaaS vendors, global SaaS companies, and integrated service providers
1,000+ Indian pure play SaaS vendors, with 150+ companies with > $1 Million ARR
6 Indian SaaS unicorns
Emergence of new players adopting disruptive strategies and exploring new technologies, geographies, customer segments

Rapid Maturing Ecosystem

Strong funding (15% CAGR over the last 3 years) from major VC players
Valuations of leaders at 8-10X revenue

How Whizible helps Indian Product Companies

Modern product companies follow an agile approach to develop software products. Customer feedback and involvement throughout the product life cycle is very important while building products. It’s utmost important that product backlog, stories and sprints are well managed through product journeys.

Whizible provides a complete set of Agile project management functionality wherein any product company can build the product from their MVBP stage to a scaled version of a product.

Whizible goes beyond the product story management. It has the ability of managing efforts and its linkage to financials. Whizible can provide the insights of ROI for a given Sprint or a product.

The built in helpdesk module offers a unique proposition wherein product companies not only manage the internal development but even their customers and their issues using this helpdesk.

Using Whizible for your product lifecycle means, you don’t have to worry about the operational inefficiencies. Whizible helps free up managerial time from day-to-day operations, which they can invest in innovation.

Whizible is powering many product companies – as Innoval, Upside learning, Hexanika to name a few.

Schedule a product demo now to talk to our customer success expert and witness power of Whizible.

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Sachin Bhagat

PMO – AllyGrow Technologies

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