Top 15 Indian SaaS Companies [2023]

Do you know due to the success of Indian SaaS companies, our nation's economy has experienced rapid development and diversity, placing it among the top 10 economies in the world in 2023?

What is a SaaS company?

Software as a Service, or SaaS, is a cloud distribution strategy that allows users or clients to access fully supported software programs online. A SaaS company maintains the servers, databases, and software needed for the program to be accessible via the internet, most typically using web browsers.

Support for the application in its entirety comes under the purview of the cloud service provider. Users can access the application from any device by choosing one of the company's monthly, quarterly, half-yearly, or yearly subscription models.

Here are some of the best SaaS companies in India that significantly contributed to the country's economy.

1. Troop Messenger

Troop Messenger, a team chat app from one of the most significant Indian SaaS companies, was released on the market. Due to its powerful features, it swiftly surpassed other team communication tools.

Troop Messenger's goal is to empower users by providing all essential features in one application, obviating the need to look for additional tools to handle their diverse needs. This makes it a prime example of comprehensive software solutions for team communication.

Troop Messenger is renowned for tailoring the program to meet the needs of their clients, making it a safe and dependable software. Any domain can use this intuitive software to help their operations run smoothly and preserve team collaboration.

2. Qubole

One of the best SaaS companies in India, Qubole ranks substantially. This platform provides end-to-end data lake services such as data management, continuous data engineering, analytics, cloud infrastructure management, and machine learning with minimal administrative overhead. It was founded by Ashish Thusoo and Joydeep Sen Sarma in 2011. They were created by the same group that created and managed Facebook's Data Service when they designed and wrote Apache Hive.

Qubole is a simple, safe data lake platform for ad-hoc analytics, streaming, and machine learning. Data scientists can create numerous clusters on their public cloud with this SaaS product, make a batch or ad hoc queries more quickly, and let the system autoscale to the best compute levels as necessary. They are dedicated to facilitating more developer access to open-source data engines. New open-source community projects that enhance the performance, usability, and overall operation management experience are sponsored by Qubole.

3. Hippo Video

With the help of the AI-powered platform from Hippo Video, customers can create engaging sales videos that increase engagement and conversions without repeatedly pressing the record button. It is one of India's top B2B SaaS companies; this business has 1.5 million+ users and 5000+ businesses that trust it.

For B2B sales teams, it is the best interactive video customer experience platform. Since the company claims that videos will significantly influence targeted audiences more than any other medium, it primarily focuses on making visual media accessible and easy to use. Karthi Mariappan S, Nilamchand Jain, Karthi Mariappan Sivasubramanyan, and Srinivasan Krishnan started Hippo Video in 2016.

4. Dukaan

Dukaan is one of the Bangalore-based SaaS startups in India that assists retailers in setting up online stores and conducting sales of digital items. Dukaan was founded in 2020 by Summit Shah and Subhash Choudhary.
Having the technical knowledge to run an online business on Dukaan is unnecessary. It is simple for anyone to launch and grow an online business with many marketing plugins and tools.

During the raging pandemic, the Dukaan app was developed to assist and support nearby businesses that were in need. Within a year, it became one of the most successful Indian SaaS Startups. They have developed into a platform for companies of every shape, size, and location. They offer a variety of business tools to make the e-commerce lifecycle simpler. Dukaan’s vision is to build an end-to-end operating system for SMEs.

5. Keka

Keka HR is HR software that helps SMEs with various functions, including payroll, hiring, leave and attendance, performance management, and others. It guarantees that you invest less time on monotonous duties and more time on strategy, that you use data to make more informed decisions, and that you produce experiences that your employees will enjoy.

According to the origins of Keka, the core team was a 100-person company that required simple-to-use software for managing employees before launching Keka. Thus, all the software they discovered could have been better and easier to use. As a result, they concluded that Indian-origin SaaS companies and other businesses in India deserved something better. As a result, Vijay Yalamanchili founded Keka, which has its headquarters in Hyderabad, Telangana.

16,540 or more HR leaders use this SaaS application across 150 different countries.

6. Agile CRM

Manohar Chapalamadugu founded one of the top Indian SaaS companies, Agile CRM, in 2013. It is an all-in-one CRM for expanding organizations with a clean, contemporary UI that includes contact management, marketing automation, sales tracking, web analytics, 2-way emails, phone, and a helpdesk.

SaaS product review websites advocate Agile CRM is the finest tool for driving SaaS growth. It is used by more than 15,000 clients across the globe to generate leads, nurture them, close deals, and provide customer service. Agile efficiently speeds up sales and marketing processes, which can lead to happier customers. The various stages of your transactions are also simpler to visualize when using Agile.

7. Byju’s

Byju is one of the top SaaS companies in India. The corporation is well-known in India, and Bangalore, Karnataka, serves as its corporate headquarters. Divya Gokulnath and Byju Raveendran founded it in 2011.

Byjus created a significant Indian SaaS market for educational technology. As of March 2022, Byju had a market value of $22 billion. It provides educational materials for pupils in classes four through twelve, and in 2019 an early learning program for classes one through three got underway. Additionally, it prepares students for worldwide exams like the GRE and GMAT and Indian exams like the IIT-JEE, NEET, CAT, and IAS.

8. Unbxd

Unbxd is an AI-driven search tool that helps eCommerce companies engage their customers by incorporating contextual relevance into the searches they make. It converts customers more frequently and more quickly by presenting actual outcomes.

It recognizes the shopper's purpose across the site search, browsing (navigation), and recommended purchasing process as no one else does. With the use of its in-house AI models, which assess shopper affinity utilizing catalog data, clickstream, user behavior data, and many other data signals across the shopper journey, resolves the relevance issue for online shoppers. Unbxd assists SaaS-based companies in India, such as e-commerce firms, in streamlining user interactions with their website, improving conversion rates, and raising revenue.

9. Paperflite

Use Paperflite to handle all of your sales and marketing collateral effortlessly. Giving your client-facing personnel the resources they require with Paperflite can help them find the correct information, create custom microsites to distribute, share over secure channels, and track customer interactions to increase sales.

In January 2016, Anant Bhat, Vinoth Kumar, and Yega Kumarappan established Paperflite. This SaaS application internally organizes your content to guarantee that the appropriate individuals can access the right content at the proper time.

10. Clap Messenger

Clap Messenger is one of the most popular Indian super apps. India will someday be able to state with pride that this young piece of software was created there. A non-technical user may use it quickly due to its user-friendly layout and well-designed capabilities.

It was developed by a group of highly skilled developers with the demands of new-age users. It is a messaging-focused super app. Because it was built with cutting-edge security measures, all its features and functionalities, including chat, audio/video calls, photographs, movies, polls, etc., are encrypted.

Your everyday duties, such as effectively planning events, scanning documents, communicating with communities, sharing albums, collecting money from debtors using a planned method without endangering relationships, etc., can be organized.

11. Vidphone

You can easily integrate live video onto your website with the help of a simple widget from Bengaluru-based Indian SaaS company Vidphone. Additionally, they provide an SDK that enables you to create robust, flexible applications that use live video as their main component. Webinars and video conferencing are now available with Secure Video Communications, making them excellent, safe, and simple. More than 500 companies use Vidphone to boost sales and revenue.

12. Druva

Druva Cloud Platform offers data management as a service for endpoints, infrastructure, and cloud applications. It integrates data security, governance, and intelligence. The platform includes security, auto-tiering, global deduplication, data visibility, policy automation, and scalability up to petabyte levels.

With a fully managed SaaS offering to protect your data wherever it lives and a $10M guarantee, Druva offers a novel viewpoint on data resilience. Any SaaS business may rely on a secure platform for various purposes, including data backup, disaster recovery, cyber resilience, and more.

13. Innovaccer

Innovaccer Inc. is the best SaaS company in India for value-based healthcare. With the help of the Innovaccer platform, healthcare organizations may get scalable, cutting-edge apps that improve operational, experiential, financial, and clinical outcomes. Additionally, it harmonizes patient data across systems and care settings. More than 96,000 clinicians have been given the tools to transform patient care thanks to Innovaccer's EHR-independent solutions, installed in more than 1,600 hospitals and clinics across the US. These solutions also support providers' connections with payers and life sciences companies.

14. MailTrim

MailTrim, the most effective email management software, is the best SaaS marketing tool. You can further sort your emails for convenience, and they will all appear in chronological order based on the rules you established. Additionally, users can complete their multitasking duties with just one tool. It is a safe place to store your private emails and data for later use, filters out junk, and is well-protected. And it can be applied effectively in any field.

15. APIexchange

APIexchange, one of the most excellent SaaS Companies in India for managing APIs, establishes a proper communication path for users inside your app or web interface, enhancing user engagement.

Utilize native APIs to integrate your product's features. Your data is safeguarded, and reliable APIs that adhere to industry standards are provided. They create trustworthy and efficient chat APIs and other communication for your web and mobile apps so you may create a fully functional app.

It supports all APIs related to discussion and communication, including SMS, video, MMS, phone, and chat, and has all the features you need to keep your users engaged.

Conclusion

Despite the pandemic's aftereffects, the growth of Indian SaaS companies has been notable. Due to its security features and diligent services, the SaaS industry has grown over the past seven years. SaaS has a reputation for providing top-notch software solutions at reasonable pricing and has emerged as a vital technology for corporate success.