5 fastest-growing SaaS-based companies to watch out in 2020

Over the last few years, SaaS-based startups have witnessed a sharp growth in the market, and the technology for this space continues to develop and evolve. There is no doubt that India is emerging out to be the strongest and largest hub of SaaS startups. SaaS has not only helped our existing companies to grow, but all the upcoming tech-based startups are also adopting SaaS as a budding & potential option for their operations. The ease of access offered by the SaaS-based industry has changed the view of how consumers look at it. Regardless of any business industry, SaaS-based software is a must these days. Below are the top 5 SaaS-based companies in India that are making big in the market.


A SaaS-based HR Tech startup, Dockabl is the brainchild of two Management professionals Samarth Masson & Sanjeev Grover. It was founded with the aim to enable organizations to perform better by providing continuous performance management through a set of modules that work in harmony. Via Dockabl, organizations can transition to a continuous and real-time performance management system that benefits both the growth of the organization & its employees. Dockabl provides a unique value proposition to various stakeholders, alike (employees, managers, project leaders, HR process owners, and CEOs). Policybazaar, Tata Realty, SIDBI, Becton Dickinson, Innov8, 91Springboard, Bajaj Capital & Hero HFL are a few of the notable companies that are already using Dockabl. The platform works effectively for all sizes of organizations ranging from start-ups to large conglomerates.


RateGain is a leading provider of SaaS products, which help travel and hospitality companies with cognitive revenue management, smart e-distribution, and brand engagement to make more revenue every day. RateGain is proud to support 250,000+ hotel properties globally by providing 240 billion rate and availability updates & powering over 30 Million bookings. RateGain is trusted by 25 out of the top 30 OTAs, world’s fastest-growing airlines, 23 of the top 30 hotel chains, tour operators and wholesalers, all top car rental companies, largest cruise lines, and the largest travel management companies. In 2018, RateGain acquired DHISCO, which made it the only company in the world to offer end-to-end smart distribution. In June 2019, RateGain acquired award-winning BCV to offer guest experience cloud to maximize guest lifetime value for hospitality chains.


Zoho is a Chennai-based SaaS behemoth Zoho was founded by Sridhar Vembu in 1996. It started as AdventNet and focused on providing network management products before entering the cloud-based business in 2009 after changing its name to Zoho. The company now offers more than 30 SaaS-based apps to help companies increase productivity, manage projects, boost sales and handle IT support. Today, Zoho has more than 50 million users across 180 countries. Furthermore, Zoho is among the few companies that have remained bootstrapped and profitable since inception.


Druva is an all-in-one data protection provider. Founded by Jaspreet Singh, along with Milind Borate in 2008, Druva offers complete data protection to its customers by providing services like data recovery, data migration, ransomware protection, and cloud backup on demand. Druva has emerged as a leader in the cloud data protection and management industry and it is among the few private companies to generate $100 million in annual recurring revenue. The startup has helped more than 4,000 customers to protect their data while also bringing down the high costs involved with data security by removing the need for all the unnecessary hardware. Druva became a unicorn last year. Till date, it has raised $328 million from Nexus Venture Partners, Sequoia Capital, Dell Technologies Capital, and Orios Venture Partners.


Founded by Anand Jain, Suresh Kondamudi, and Sunil Thomas in 2013, CleverTap is a mobile marketing startup, which was previously known as WizRocket. It uses artificial intelligence and machine learning to boost user retention by providing personalized customer experience based on their needs. CleverTap signed its first customer in 2014 and now it has more than 8,000 customers across 100 countries. The startup claims to have helped its customers gain $2 billion in incremental revenue. CleverTap has raised $76.6 million from investors like Accel, Sequoia Capital and Tiger Global.

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