Saturday, 7 March, 2026
India’s SaaS Sector Surpasses $15 B in FY24, Sparking Robust IPO Pipeline
By Isha
India’s software-as-a-service industry crossed $15 billion in annual revenue for FY24, propelled by over 36 firms each achieving more than $100 million in ARR. A JM Financial “Taking Wings” report found the sector grew at a 24% CAGR from FY19 to FY24, underscoring its high-margin, globally competitive landscape. This milestone is fueling a surge of IPO preparations, reflecting strong investor confidence and market maturity.
Read full story at Economic Times