#BYMDoppio☕☕: The Indian SaaS Revolution Ft. Udit Goenka
According to EY-CII Research Report, The Indian SaaS market is expected to account for almost 7 to 10% of the global SaaS market, from 2-4% at present.
If you are not familiar with the concept of SaaS, now’s the time to learn about it for general knowledge and also because it might become helpful for you in the future. So, SaaS stands for “software as a service”, which allows users to connect to and use cloud-based apps over the internet. Emails, calendaring, and office tools are common examples of SaaS.
According to EY-CII Research Report, The Indian SaaS market is expected to account for almost 7 to 10% of the global SaaS market, from 2-4% at present. SaaS is slowly becoming a booming industry which will witness a massive scope in the coming years. Almost 15 SaaS companies have achieved unicorn status in the past four years alone, and SaaS revenues in India are already witnessing an annual growth of 20%.
As a business owner, as a working professional or someone who’s planning to pursue a career in software technology, you should be updated with the coming technological changes. That is why, for this week’s podcast, Rakshit invited a special guest who’s well-versed in the ups and downs of the SaaS industry. Udit Goenka’s life journey is like a rollercoaster which ultimately led him to build a $20 million bootstrapped company.
He started as a graphic designer when he was just 16 years old (I didn’t even know what I was doing at the age of 16), which gradually transformed his passion into designing software. His advice? Get curious about your passions! After launching his first successful startup, he also saw the dark side when his third company failed miserably, and he went into depression. Still, through his will to never give up, he got back up again, only to build a $20 million company.
Tune in to our podcast where Rakshit invited Udit to unravel his personal and professional journey, his experiences, what he learned from his failures, how he got out of depression, what SaaS is and how it is different in different countries, his advice to budding startup founders, how he built his $20 million company, and much more.
What’s new in the market!
Tata Play is offering its OTT service to everyone. Formerly known as Tata Sky, Tata Play was launched in 2020 and has tieups with 25 VOD services, including the likes of Disney+Hotstar, ZEE5, Voot, SonyLIV, Eros Now, with no pre-requisite of needing a DTH subscription.
Gucci and Palace are teaming up for a collaboration. the collab was announced on Instagram this morning with the hashtag #PalaceGucci and the caption: “THINGS ARE LOOKING UP,” and is launching on October 21.
LinkedIn launches its deep sales platform to make sales predictions. It aims to help sellers build more effective B2B connections by delivering actionable insights and recommendations.