India's SaaS Companies Are Expected To Generate $30 Billion In Revenue By 2025: Bain & Company

In India, the number of software-as-a-service (SaaS) companies has doubled in the last five years. Now, according to a survey by Bain & Company, Indian SaaS companies are on track to generate $30 billion in sales by 2025, accounting for 8 to 9 per cent of the worldwide SaaS industry.

India today boasts 13 SaaS unicorns and seven to nine companies with annual recurring revenue (ARR) of more than $100 million. As per the survey, investments in Indian SaaS startups increased by 170 per cent from 2020 to $4.5 billion in 2021, with growth being driven mostly by a spike in the number of deals over $50 million.

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