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Indian SaaS startups funding reaches $2.1b in 2024: report
India’s software-as-a-service (SaaS) sector recovered in 2024, with funding rising by 31.25% year-on-year to US$2.1 billion, according to the Indian Tech Startup Funding Report 2024.
This rebound comes after funding dropped to $1.6 billion in 2023, returning to 2019 levels.
The number of deals increased modestly, rising by 5% year-on-year to a total of 207.
The median investment size for SaaS in 2024 remained flat at US$2 million.
This figure is slightly below the $2.1 million recorded in 2023.
Recent SaaS developments
| Timeline |
|---|
26-Dec-2024 📉 Indian SaaS unicorn LeadSquared reports $19m loss in FY24
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03-Nov-2022 📉 SaaS unicorn Chargebee lays off 142 employees
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08-Jun-2021 🚀 SaaS startup incubated by ING Labs Singapore bags $2.5m from Elev8, others
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20-Apr-2021 📈 SaaS startup Chargebee enters unicorn club with $125m round
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| 11-Oct-2015 🚀 SaaS is the new black – and it has found a place in Chennai |
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