9 SaaS Startups in Bangalore

January 24, 2023

SaaS startups have become the darling of Venture Capital investors, especially in Bangalore. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.

In this article, we are examining 9 VC funded SaaS startups in Bangalore .

GoSwift

simplifying brands and fulfillment businesses in India. One of the main problems facing Indian e-retailers is the lack of a trustworthy and economical delivery partner. Swift addresses this issue for the benefit of enterprises. Reduced returns, higher sales conversion, improved shipping, and dispersed warehousing are just a few of the numerous fulfillment-related issues that Swift assists its clients with. Our unique logistics intelligence platform handles everything.

Company details:
Founders:
Debanshu Sinha, Prayas Mittal, Shyam Kalita
Founded:
2018
Based in:
Bangalore, Karnataka, India
Website:
GoSwift
Industries:
E-Commerce, Logistics, SaaS, Software
Latest funding:
$2,200,000
Seed
26 July 2021
Total funding:
$2,200,000
Investors
Kalaari Capital, Indian Angel Network, First Cheque

GreytHR

Greytip Software is the most favored and dependable option across sectors because to its more than 25 years of product competence and domain knowledge in HR automation. Our main product, greytHR, is the top cloud-based payroll and HR software in India, with over 10,000 clients and tens of thousands of users across 150+ cities. GreytHR automates all HR procedures, including employee information management, leave and attendance, payroll, and much more, and enables employee self-service. Our goal is to provide businesses all around the world pertinent and affordable HR solutions. With our completely integrated, comprehensive SaaS-based solutions, we enable organizations of all sizes and HR departments to utilize IT for both effectiveness and efficiency.

Company details:
Founders:
Girish Rowjee, Sayeed Anjum
Founded:
1994
Based in:
Bangalore, Karnataka, India
Website:
GreytHR
Industries:
Human Resources, SaaS, Software
Latest funding:
$6,957,945
Series D
23 November 2021
Total funding:
$17,038,805
Investors
Info Edge, Blume Ventures, New Enterprise Associates, MegaDelta Capital

IBSFINtech

IBSFINtech is a domestically based TreasuryTech business that offers end-to-end digitisation & automation solutions for corporate Cash & Liquidity, Treasury, Risk, Trade Finance(TRTFM®) & Supply Chain Finance operations. Our product line consists of Supply Chain solution VNDZY®, On-prem solution InTReaXTM, and SaaS TMS. Vedanta Group, Mahindra, Sai Life Sciences Ltd, Bluestar Ltd, Polycab Ltd, Future Group, HCL Corp Group, Sonalika (International Tractors Ltd), Snapdeal, JSW International Tradecorp Pte Ltd (Singapore), IMR Metallurgical Resources AG (Switzerland), and others are among our esteemed clients. Additionally, IBSFINtech was recognized as the Software Provider for the APAC region in this specialized market with "The Corporate Treasurer - House Awards," a highly significant honor given out by the treasury ecosystem.

Company details:
Founders:
Chandra Mohan Grover, T. M. Manjunath
Founded:
2006
Based in:
Bangalore, Karnataka, India
Website:
IBSFINtech
Industries:
Financial Services, FinTech, Information Services, Information Technology, SaaS, Software
Latest funding:
$1,000,000
Seed
6 October 2021
Total funding:
$1,000,000
Investors
Prem Rajani, Jayakumar N., Akshay Gupta, Shailesh Haribhakti

Khatabook

The fastest-growing SaaS startup in India, Khatabook provides safe and secure business and financial solutions to help micro, small, and medium-sized enterprises operate more efficiently and at lower costs. The business landscape in India has changed as a result of this industry's recognition, and the firm received the "Best Innovative Mobile App" 2020 award at the India Digital Awards in February 2020. Today, Khatabook has more than 20 million registered users and is available in more than 11 languages.

Company details:
Founders:
Ashish Sonone, Dhanesh Kumar, Jaideep Poonia, Ravish Naresh, Vaibhav Kalpe
Founded:
2018
Based in:
Bangalore, Karnataka, India
Website:
Khatabook
Industries:
Accounting, Financial Services, Payments, SaaS, Software
Latest funding:
$100,000,000
Series C
24 August 2021
Total funding:
$186,500,000
Investors
Tencent, Y Combinator, Balaji Srinivasan, RTP Global, GGV Capital

Locale.ai

With the help of Locale, a Control Tower for Ops Observability & Actionability, operations and business teams can use their data to put up a straightforward monitoring and alerting system of record. By using alerts, you can: - Proactively inform your team members about potential problems, helping them to prevent them and work more effectively. - Use a systematic approach to identify the underlying reason, which can help you reduce risk and enhance problem-solving throughout your organization. - Create an accountability system by monitoring and resolving problems.

Company details:
Founders:
Aditi Sinha, Rishabh Jain
Founded:
2019
Based in:
Bangalore, Karnataka, India
Website:
Locale.ai
Industries:
GPS, Information Technology, Internet, SaaS, Software
Latest funding:
$1,300,000
Seed
12 August 2021
Total funding:
$1,300,000
Investors
Better Capital, Chiratae Ventures, Pravin Jadhav, Vivekananda Hallekere, Khadim Batti

Salesken

A conversational intelligence tool called Salesken aids sales teams in improving client engagement. By identifying holes in their sales conversations and filling them with real-time prompts to the sales agents, Salesken increases income per representative. It aids in the performance improvement and acquisition cost reduction of sales teams. The biggest businesses in software, finance, and education are among Salesken's clients. They utilize Salesken to evaluate each sales call and provide their agents with talking points in real-time.

Company details:
Founders:
Sreeraman Vaidyanathan, Surga Thilakan
Founded:
2018
Based in:
Bangalore, Karnataka, India
Website:
Salesken
Industries:
Artificial Intelligence, Machine Learning, Productivity Tools, SaaS, Sales Automation, Software
Latest funding:
$22,000,000
Series B
22 November 2021
Total funding:
$30,000,000
Investors
The Fund, Unitus Ventures, Sequoia Capital India, Two Culture Capital, Evolution VC Partners

Skit

Vernacular.ai is an AI-first SaaS company with the goal of putting an end to unpleasant contact center experiences. By automating contact center inquiries, we assist businesses in improving the customer experience through intelligent voice chats. Our Voice AI-powered call center automation technology, VIVA (Vernacular Intelligent Voice Assistant), aids businesses in streamlining contact center operations and enhancing customer experience and engagement. With the aid of our voice recognition engine and natural language understanding technology, you can now always have conversations that sound human and improve the efficiency of your self-service.

Company details:
Founders:
Akshay Deshraj, Manoj Sarda, Sourabh Gupta
Founded:
2016
Based in:
Bangalore, Karnataka, India
Website:
Skit
Industries:
Artificial Intelligence, Call Center, Customer Service, Internet, Internet of Things, Machine Learning, Natural Language Processing, SaaS, Software, Speech Recognition
Latest funding:
$23,000,000
Series B
1 September 2021
Total funding:
$28,100,000
Investors
LetsVenture, Kalaari Capital, Veda VC, Westbridge Capital, Exfinity Venture Partners

Threado

Threado is a community management platform that helps community builders measure engagement, get detailed insights, and automate their operational tasks from a single dashboard. Threado automates community workflows, from providing a welcoming onboarding experience to re-engaging inactive members. Users can craft journeys using Threado's visual workflow builder, automate messages, conduct surveys, and capture responses.

Company details:
Founders:
Abhishek Nalin, Pramod Rao
Founded:
2020
Based in:
Bangalore, Karnataka, India
Website:
Threado
Industries:
Communities, Internet, Productivity Tools, SaaS
Latest funding:
$3,100,000
Seed
27 July 2022
Total funding:
$3,100,000
Investors
Speciale Invest, Vertex Ventures Southeast Asia & India, PointOne Capital, Gemba Capital, Archana Priyadarshini

Toplyne

Toplyne is a plug-and-play platform that enables sales teams at PLG (product-led growth) companies to identify and focus on the users and accounts most likely to convert. It was founded in 2021 and is headquartered in Bengaluru, Karnataka.

Company details:
Founders:
Rishen Kapoor, Rohit Khanna, Ruchin Kulkarni
Founded:
2021
Based in:
Bangalore, Karnataka, India
Website:
Toplyne
Industries:
Business Intelligence, SaaS, Sales, Software, Subscription Service
Latest funding:
$15,000,000
Series A
3 May 2022
Total funding:
$17,500,000
Investors
Tiger Global Management, peercheque, Sequoia Capital India, Kunal Shah, Surge

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