1947 Rise☀️: 206

SaaS || Neobanks & more!

1. The Rise of SaaS in India

Software-as-a-service continues to accelerate around the globe as industries and businesses shift toward cloud-based environments. With digitization increasing year-over-year due to an increasingly hybrid world, SaaS startups founded in India have seen significant growth in recent years. Projected to be valued at $50 billion by 2030, India’s SaaS market has reached a critical inflection point as venture dollars deployed in the region reached $4.8 billion in 2021.

An excellent report put together by Bessemer Venture Partners. They cover the following key points:

• The Rise of SaaS in India

• India SaaS — why now?

• Signals of traction in the India SaaS market

• Insights and observations of India-based startups

• Evaluating India SaaS businesses

• India SaaS predictions

The Rise of SaaS in India

2. India registered 72,993 startups that created 7.68 lakh jobs in past six years

The 72,993 startups registered in India over the past six years generated about 7.68 lakh jobs over this period, the government informed Parliament on Wednesday.

Maharashtra pipped Delhi and Karnataka — touted as the startup capitals of India — to claim the top spot in terms of the number of startups created and subsequent employment generated over the past six years, according to the government’s data.

The data covers the period since January 2016, when the government launched its Startup India initiative.

Karnataka and Delhi were a distant second and third. The southern state registered 8,881 startups and 1.03 lakh jobs, while the national capital registered 8,636 startups and 87,643 jobs.

India registered 72,993 startups that created 7.68 lakh jobs in past six years

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A podcast:

Shiva Singh Sangwan @shivassangwan

New Pod is Live ☀️ Hear out Gautam's (@gautamchopra83) journey so far. The founder of @beatoapp. - Journey so far - The founding story of BeatO - Healthcare in India - Frameworks - Who is he outside of work & more.

anchor.fm27: Gautam Chopra (BeatO) by 1947 RiseGautam Chopra is the Co-Founder and CEO of BeatO. BeatO’s mission is to beat Diabetes in India. In the last 6 years, BeatO has expanded from being India’s first smartphone-connected glucometer kit to India’s first personalized health management ecosystem for people with chronic conditions. SHOW NOTE…

Worth your attention:

1. Neobank Fi Raises $45 Mn From Alpha Wave Ventures In Ongoing Series C Round Link

2. Neobanking startup Niyo raises $30M from Multiples Alternate Asset Management Link

3. India’s Unicorn Club: Here’s The Comprehensive List Of 100+ Unicorns In India Link

4. Eka Care, a startup helping digitize health records of Indian patients, raises $15 million Link

5. Healthtech startup Fitterfly raises $12M in Series A round Link

6. UpGrad acquires online learning platform Harappa Education for Rs 300 crore Link

7. Zomato tanks 14% wiping out ₹1,000 crore investor wealth — here’s what is happening Link

8. Creative Galileo raises $7.5 million in funding from Kalaari, others Link

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