Tuesday, 22 July

Tuesday, 22 July2025

India’s SaaS Sector Surpasses $15 B in FY24, Sparking Robust IPO Pipeline

India’s SaaS Sector Surpasses $15 B in FY24, Sparking Robust IPO Pipeline
Indias 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 FinancialTaking Wingsreport 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

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