Funding for Indian SaaS skyrockets 62.5%, Prepared to overtake china

Of the 14 startups that turned unicorns in the first quarter of 2022, five were SaaS companies.

The 2022 edition of the Chiratae-Zinnov India SaaS study, titled “India SaaS – Punching Through the Global Pecking Order, emphasised this. According to the survey, India is on track to overtake China as the world’s second biggest SaaS nation in the next few years.

the industry intends to attract a significant private capital inflow of up to $6.5 billion in the coming year alone, up from $4.2 billion last year.