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In the past decade, India has emerged as a major player in the global SaaS ecosystem, attracting significant attention—and investment—from top-tier global funds. This list of the top 10 SaaS funding rounds between 2014 and H1 2024 reveals a common thread: a shift towards late-stage funding, with heavyweights like Tiger Global, SoftBank, and Silicon Valley Bank doubling down on established startups. The landscape highlights: 🔸 Horizontal SaaS dominance, with players like Polygon and Fractal leading funding totals. 🔸 Strategic focus on vertical SaaS, where Chargebee and Perfios are carving out specialised niches. 🔸 As the SaaS sector in India scales, these companies exemplify the trend of deepening investor confidence in India's tech potential, especially as these startups reach maturity. P.S. For more insights, check out our latest report "Decoding India's SaaS Startup Ecosystem" #startups #saas #investment

As per Shaktikanta Das, the RBI expects the number of UPI transactions to hit the 1 Bn milestone in the next few months from 500 Mn transactions per day currently! Let’s take a look at some of the top players leading UPI transactions in the country   👀👇 ➡️ The statement on the UPI transactions come at a time when the number of digital transactions are growing rapidly. Notably, UPI transactions saw a marginal rise of 0.53% MoM to 15.04 Bn in September from 14.96 Bn in August. ➡️ The total UPI transactions processed in September amounted to INR 20.64 Lakh Cr as against INR 20.61 Lakh Cr in the preceding month, a 0.14% jump. ➡️ On the UPI market share front, fintech giants PhonePe and Google Pay continue to dominate the UPI ecosystem with a 48.4% and 37.3% market share, respectively, as of August. ➡️ To give a further push to digital payments, the RBI recently announced increasing the transaction limit for UPI123Pay and UPI Lite earlier this month. #upi #govt #india 

Skepticism surrounded the early days of Zomato’s journey, with many questioning its potential to scale in India’s fragmented restaurant market. Yet, for Sanjeev Bikhchandani, there was something much deeper at play. Speaking at MoneyX 2024, Bikhchandani, Founder of Info Edge shared how the board questioned his decision to invest in Zomato, doubting it could ever surpass ₹20-40 crore in revenue. However, his belief in the platform’s value and ability to solve a real consumer problem made all the difference. Curious about the behind-the-scenes story of the early investment decision in Zomato? Catch the full conversation here- https://lnkd.in/g9M3ZQhD MoneyX 2024- Presented by Inc42, Powered by Peak XV Partners, Venture Catalysts++ | India's 1st Multi-Stage VC, Mobavenue, In association with Bower and our ecosystem partner IVCA #MoneyX2024 #SanjeevBikhchandani #Inc42 #Zomato #Startup #Investments

Bengaluru-based fintech unicorn Razorpay reported an operating revenue of INR 2,501 Cr for the financial year ending March 2024 (FY24), marking a 9% year-on-year growth from INR 2,293 Cr in last fiscal year 👇 Notably, the company primarily generates revenue through commission fees on its payment gateway services. The company booked INR 2,068 Cr from its payment gateway services business– up by 24% from INR 1,665 Cr in FY23. Meanwhile, the fintech major saw a jump in profitability. The company’s profit after tax (PAT) soared to INR 34 Cr in FY24 from INR 7 Cr in the previous year, recording a 4.85X growth. To read the in-depth article, click here: https://4-2.co/4hlNcQv #news #revenue #razorpay

Continuing its downward movement from the past month, share prices of electric two wheeler manufacturer Ola Electric dipped by about 4% during intraday trading today (October 29) to hit an all time low of INR 74.82 👇 With this, the market capitalisation of the company dipped to $4.00 Bn from $4.05 Bn at the end of the last week. It is pertinent to note that the share prices of the company have now dipped below its listing price of INR 76. Since listing on August 9, the company’s share prices gained to almost double of INR 157.53 on August 20. However, multiple factors have led to the company’s share prices slide down over the past couple of months. One of the primary reasons behind the downward movement has been an increasing number of complaints about the company’s e-scooters in recent times. To read the in-depth article, click here: https://4-2.co/3AtYEJ0 #news #olaelectric #trading

The shift from physical to digital gold has created more liquidity and accessibility for investors 👇 🔶As per a report, India was the second biggest consumer of gold in 2023, with demand settling around the 747.5 metric tonne mark last year. 🔶And with gold prices breaching the INR 80K mark per 10 gm — climbing just under 5% in two weeks — the gold rush is not about to subside any time soon. Since January 1, 2024, gold prices have gone up by a staggering 23%, underscoring its quality as a stable asset class. 🔶 Initially, it was digital payments giants that built gold marketplaces, but later on names such as Jar and Gullak disrupted the model by offering differentiated gold investment offerings. #gold #investment #dhanters #festival #diwali

Jaipur-based NBFC Finova Capital has secured $135 Mn (INR 1,135.08 Cr) in a Series E funding round from Avataar Venture Partners, Sofina and Madison India Capital, along with existing investor Norwest Venture Partners. According to the NBFC, the round also gave partial exit to its early backers. It counts Peak XV Partners, Faering Capital and Maj Invest among its investors. Finova Capital plans to use the fresh capital to grow its loan book, invest in technology and expand footprint. Founded in 2015 by Mohit Sahney and Sunita Sahney, Finova Capital is an NBFC offering MSME business loans and home loans ranging from INR 3 Lakh to INR 25 Lakh, focused on semi-urban and rural areas. To read the in-depth article, click here: https://4-2.co/3UujWNt #news #fintech #NBFC 

Bengaluru-based NBFC Vridhi Home Finance has secured INR 310 Cr (around $36.9 Mn) in a Series B funding round led by Norwest Venture Partners👇 With the fresh proceeds, Vridhi Home Finance is targeting expansion in the existing markets ensuring strong technology infrastructure. The statement also underlined the company’s investment approach towards customer centricity, right risk management practices and strong distribution network. The company claims to offer home loans ranging from INR 3 Lakh to INR 45 Lakh with primary focus on smaller towns with populations between 3,000 and 500,000. It further says that it aims to serve underserved markets by expanding its physical network. To read the in-depth article, click here: https://4-2.co/3C6mr2j #news #nbfc #funding

After much ado, foodtech giant Swiggy finally filed its red herring prospectus (RHP) in the late hours of Monday (October 28)👇 As per the IPO papers, the decacorn’s public issue will open for subscription on November 6 and close on November 8. Anchor investors will be able to bid for Swiggy shares on November 5. As per the RHP, Swiggy has increased the size of the fresh issue to INR 4,499 Cr from INR 3,750 Cr in its updated DRHP. However, this is lower than the INR 5,000 Cr fresh issue size for which it received shareholders’ nod recently. Meanwhile, the company also trimmed the size of its offer for sale (OFS) component to up to 17.5 Cr equity shares compared to up to 18.53 Cr in its updated DRHP filed in September. This came on account of Dutch investor Naspers’ subsidiary MIH India Food Holdings selling fewer shares (10.9 Cr to be precise) now versus 11.82 Cr shares as per the updated DRHP. To read the in-depth article, click here: https://4-2.co/40u6VHs #nes #foodtech #swiggy

Nearly three months after it refiled its draft red herring prospectus (DRHP), non-banking financial company (NBFC) Avanse Financial Services has received approval from the Securities and Exchange Board of India (SEBI) for its INR 3,500 Cr public issue👇 The market regulator issued an observation to the NBFC on October 23, which is a greenlight to go ahead with the IPO. With this, all decks have been cleared for the company’s public listing on Indian bourses. In late July, SEBI returned Avanse’s DRHP citing “non-compliance with Regulation 7(1)(a) of SEBI ICDR Regulations, 2018”. Following this, the company’s board and IPO committee convened on July 30 and July 31, respectively, to approve the refiling of DRHP. Subsequently, the updated IPO papers were filed on July 31. To read the in-depth article, click here: https://4-2.co/48H0AuJ #news #IPO