Software as a Service (SaaS) refers to a software distribution model where applications are hosted by a third-party provider and made available to customers over the internet. This model has gained immense popularity due to its flexibility, accessibility, and cost-effectiveness over the last 5-7 years, revolutionizing the way businesses access and utilize software solutions.In India, the SaaS industry has witnessed exponential growth driven by factors like increasing digitization across sectors, a burgeoning entrepreneurial ecosystem, and a growing demand for innovative tech solutions both domestically and globally. As a result, venture capital firms have turned their attention to the Indian SaaS space, recognizing its potential for high returns and sustainable growth.Here is a list of 20 VC firms that are the biggest investors in SaaS:
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Inflection Point Ventures: Inflection Point Ventures, with over 3300 CXOs and professionals, HNIs and Family Offices, is India’s leading angel network investing in early-to-mid stage startups.The fund was found by Vinay Bansal. They invest in Health Care, Artificial Intelligence and E-Commerce and participate in seed,pre-seed and series A rounds.
Location:Gurgaon, Haryana
Number of investments made in SaaS startups: 81
Notable investments: Settl., SkinQ
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Blume Ventures: Blume Ventures focuses on tech-focused/tech-enabled ventures. They are typically the first institutional investors in their portfolio companies and invest for about 8-10 years.The fund was founded by Karthik Reddy and Sanjay Nath. They invest in software,IT and e-commerce and participate in series A,series B and seed rounds.
Location: Mumbai, Maharashtra
Number of investments made in SaaS startups: 72
Notable investments: Airblack, GreyOrange
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Indian Angel Network:The Indian Angel Network is a unique concept which brings together highly successful entrepreneurs and CEOs from India and around the world who are interested in investing in startup / early stage ventures which have the potential of creating disproportionate value.The fund was founded by Padmaja Ruparel, Saurabh Srivastava and Raman Roy.They primarily focus on participating in seed, series A and angel rounds.
Location: New Delhi
Number of investments made in SaaS startups: 66
Notable investments: Adya, SecurWeave Research Labs
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Artha Group:Artha India Ventures’ league of member Angel Investors mentor and invest in nascent ventures with business ideas that create value by participating in the entrepreneurial process.The firm was founded by Anirudh A Damani and Ashok Kumar Damani.
Location: Mumbai,Maharashtra
Number of investments made in SaaS startups:62
Notable investments : Buupass, GetWork
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India Quotient: India Quotient is a new type of early stage investor. They fund companies building disruptive businesses aimed at Indian consumers.The firm was founded by Anand Lunia.They invest in software,IT and e-commerce and participate in series A,series B and seed rounds.
Location:Mumbai,Maharashtra
Number of investments in SaaS startups:62
Notable Investments:BharatAgri,Pep
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Mumbai Angels:Mumbai Angels Network is a sector-agnostic, new age, early-stage, venture investment platform with a diverse membership base, spanning the globe.It was founded by Nandini Mansinghka.They invest in software,e-commerce and food and health and participate in seed,angel and funding rounds.
Location: Mumbai, Maharashtra
Number of investments made in SaaS startups: 60
Notable investments: Clensta, Vgenomics
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Titan Capital:Titan Capital believes in investing in world-class entrepreneurs looking to create a wide-scale positive impact on India and the World.Titan capital was founded by Kunal Bahl and Rohit Bansal.They invest in software,internet and financial Services and participate in seed,pre-seed and series A rounds.
Location: Gurgaon, Haryana
Number of investments made in SaaS startups: 57
Notable investments: DevDham, Showroom B2B
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3one4 Capital: This VC firm partners with early-stage companies that are mission-oriented and are setting new standards for inclusive value creation and sustainable growth.It was founded by Pranav Pai and Siddharth Pai.They participate in seed,series A and series B rounds.
Location: Bangalore,Karnataka
Number of investments made in SaaS startups: 56
Notable investments: Datamotive.io, Scimplifi
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Kalaari Capital: Kalaari is a venture capital fund with a strong advisory team investing in early-stage, technology-oriented companies in India.Kalaari Capital-founded by Vani Kola, invests in the unknown Indian entrepreneur who is poised to become tomorrow’s global leader.They primarily focus on participating in seed, series A and series B rounds.
Location:Bangalore, Karnataka
No. of investments in SaaS startups :54
Notable companies invested in:AuditCue, EloElo
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Accel India:Accel, formerly known as Accel Partners, is an American venture capital firm. The company has offices in Palo Alto, California and San Francisco, California, with additional operating funds in London, India and China.They invest in software,SaaS,e-commerce and participate in series A,series B and series C rounds.
Location:Bangalore,Karnataka
Number of investments in SaaS startups:50
Notable Investments:ASETS,Oasis Security
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PeakXV Partners(formerly Sequoia India):Peak XV Partners (Formerly Sequoia Capital India & SEA) is a leading venture capital and growth investing firm investing across India, South East Asia and beyond.They invest in software,financial services and e-commerce and participate in series A,series B and seed rounds.
Location:Bangalore,Karnataka
Number of investments in SaaS startups:49
Notable Investments:Triple-A,Twin Health
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Ah! Ventures: ah! Ventures is one of India’s only curated, sector agnostic and is a fundraising platform for early stage startups raising funds up to $10M.They boast a very strong network of 3000+ Investors including 2000+ angel investors and 1000+ institutional investors & fund/family houses.The firm was founded by Abhijeet Kumar and Harshad Lahoti.They participate in seed,angel and funding rounds.
Location:Mumbai,Maharashtra
Number of investments in SaaS startups:49
Notable Investments:Settl.,FlexifyMe
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Omnivore:Omnivore funds entrepreneurs building the future of agriculture and food systems.The firm was founded by Jinesh Shah and Mark Kahn.They primarily focus on participating in seed,series A and series B rounds.
Location:Mumbai,Maharashtra
No. of investments in SaaS startups :42
Notable companies invested in:altM,BharatAgri
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Kae Capital: Kae Capital is a pioneer of early-stage investing in India, focused on tech startups, and has been investing in India for 10+ years.The firm was founded by Sasha Mirchandani.They invest in E-Commerce,software and financial services and participate in seed,series A and series B rounds.
Location:Mumbai,Maharashtra
Number of investments in SaaS startups:39
Notable Investments:ONWO,Disprz
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100X.VC: a venture capital firm created a new model for funding early stage startups in India.The $20M fund was founded by Sanjay Mehta,Ninad Karpe and Yagnesh Sanghrajka.They primarily focus on participating in seed, pre-seed and convertible note rounds.
Location:Mumbai, Maharashtra
No. of investments in SaaS startups : 39
Notable companies invested in:Buckmint, Sprentzo
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Matrix Partners India: Matrix Partners are early stage investors targeting companies in the Indian consumer and enterprise market.Matrix Partners began in Boston in 1977, and today invests actively in the USA, India and China.They invest in internet,financial services and apps and participate in series A,series B and seed rounds.
Location:Mumbai,Maharashtra
Number of investments in SaaS startups: 39
Notable Investments:Krutim,InPrime Finserv
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Info Edge: Info Edge provides online recruitment, matrimonial and real estate classifieds, and related services and was founded by Sanjeev Bikhchandani . The company’s mission is to address the middle east job market and have launched a Gulf version of the recruitment site.They invest in software,e-commerce and internet and participate in seed,series A and corporate rounds.
Location:Noida,Uttar Pradesh
Number of investments in SaaS startups: 39
Notable Investments:Adda247,happily unmarried
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Elevation Capital: Elevation Capital is an early-stage venture capital firm that focuses on consumers, enterprises, logistics, and B2B.The firm was founded by Ravi Adusumalli.They invest in software,financial services and e-commerce and participate in series A,series B and seed rounds.
Location:Gurgaon,Haryana
Number of investments in SaaS startups: 38
Notable Investments:mylight50,Vridhi Home Finance
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Chiratae Ventures: The fund is part of IDG Ventures, a global network of technology venture funds with over $6 billion under management with over 220 investee companies and 10 offices across Asia and North America.They primarily focus on participating in seed, series A and series B rounds.
Location:Bangalore, Karnataka
No. of investments in SaaS startups :36
Notable companies invested in:HealthifyMe, Ergos
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Venture Highway: Venture Highway teams up with the next generation of entrepreneurs by providing guidance and capital to early-stage nascent ideas in technology.The firm was founded by Samir Sood.They participate in seed,series A and series B rounds.
Location:New Delhi
No. of investments in SaaS startups: 35
Notable companies invested in: Kintsugi AI, Weekday
*This article is written by Sagnik Baidya, Sr. Feature Writer & Tech Expert at Indian Startup Times
