3 SaaS Startups in Gurgaon

January 24, 2023

SaaS startups have become the darling of Venture Capital investors, especially in Gurgaon. 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 3 VC funded SaaS startups in Gurgaon .

Legistify

One of the top and fastest-growing legal technology firms in the world is Legistify. LegisTrak, our premier product, is an enterprise-focused, fully integrated legal management package. Through its built-in, completely customizable, and automated modules, our platform covers a wide range of use cases, including contracts, litigation, legal notices, intellectual property, and compliances. Over 300 significant businesses from various nations utilize us. Additionally utilizing machine learning, Legistify uses historical case data from India to offer knowledge and insights. Y Combinator, Cathexis Ventures, Indiamart, GSF, Java Capital, and Titan VC are a few of our backers. To learn more, go to www.legistify.com.

Company details:
Founders:
Akshat Singhal, Pratik Mohapatra
Founded:
2015
Based in:
Gurgaon, Haryana, India
Website:
Legistify
Industries:
B2B, Internet, Legal, Legal Tech, SaaS
Latest funding:
$500,000
Seed
15 September 2021
Total funding:
$500,000
Investors
IndiaMART, Titan Capital, GSF, Java Capital, Pras Hanuma

Procol

Procol is a procurement platform for large enterprises to help monitor and reduce spend. It's the year 2020, and the world's largest spend taken place offline. We’re living in a world where we have Amazons. In contrast with the world of business purchases where 60% of the time is spent on cold calling, emailing, following-up, and even worse, a large number of transactional frauds happen on payments and deliveries. Resulting in ruined trust and suffered business relationships. In a market of trillion $ of business spend, Procol is building an all-in-one digital procurement platform — a single place for live auctions, collaboration, and intelligent insights. Backed by investors like Blume Ventures, Sequoia Surge, Beenext, and Rainmatter.

Company details:
Founders:
Gaurav Baheti, Sumit Mendiratta
Founded:
2018
Based in:
Gurgaon, Haryana, India
Website:
Procol
Industries:
Computer, Enterprise Software, Information Technology, Procurement, SaaS, Software
Latest funding:
$6,406,813
Series A
13 September 2022
Total funding:
$17,022,350
Investors
Y Combinator, Blume Ventures, Kunal Shah, Surge, BEENEXT

Spyne

Sanjay Kumar and Deepti Prasad founded Spyne in 2018, a Deep Tech firm that uses AI to assist businesses and marketplaces produce high-quality product photos and videos at scale. Spyne, an innovative, youthful, and creative firm with its headquarters in Gurgaon, is on a mission to use AI to quickly and conveniently put the next million retailers online. Without the need of physical studios, they have created a groundbreaking AI solution that is revolutionizing how businesses can produce visually attractive catalogs that increase conversions by up to 40%. Spyne is developing AI and computer vision technologies to automate workflows for picture processing. This will make it easier for any company or market to capture, edit, and distribute product images at scale while spending just 1/4 the money and effort. Spyne is presently supporting 80+ customers, including Amazon India, Flipkart, Karvi, OLACars, Sell Any Car, etc. across 15+ countries with a committed staff of 100+ workers, including tech professionals and thought leaders. The company, which is backed by Accel, Storm Ventures, and notable investors, founders, and CXOs from top Internet companies, recently launched Spyne AI - Cars, a self-serve AI platform for the automotive sector. In the coming months, it plans to replicate this model for the e-commerce, fashion, and real estate sectors. The company also plans to broaden its technology perspective to include AR and VR in order to develop goods for Metaverse and Omniverse.

Company details:
Founders:
Deepti Prasad, Sanjay Kumar
Founded:
2018
Based in:
Gurgaon, Haryana, India
Website:
Spyne
Industries:
Artificial Intelligence, Machine Learning, Photo Editing, SaaS, Software
Latest funding:
$7,000,000
Series A
12 April 2022
Total funding:
$7,000,000
Investors
Accel, AngelList India, Smile Group, Pentathlon Ventures, Manish Amin

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