Sambandam Spinning Mills Ltd. News and Updates

The Software as a Service (SaaS) industry in Chennai, the SaaS hub of the country, is currently generating a revenue of over a Billion Dollar employing over 10,000 employees. The sector has raised over $500 million so far, while many are relying more on revenue for future growth, according to an industry official.There are over 20 companies in the SaaS companies in Chennai and they are growing business across the world. "The largest player Zoho Corp itself is over $500 million and Freshworks is around $100 millionn in annual recurring revenue and the others put together, the revenue of SaaS industry in Chennai would be over $ 1 billion," said Suresh Sambandam, founder and CEO of Orange Scape and part of SaaSX, a movement of SaaS-based companies.The Chennai SaaS firms has so far raised over $500 million, even as the largest in the flock Zoho Corp is a bootstrapped company. Sambandam said that even though his own firm, Kissflow, is funded, it has been working close to a bootstrapped...

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Sambandam Spinning Mills Ltd. News and Updates

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