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    Not a flash in the SaaS-pan!

    Synopsis

    A strong ecosystem of talent, lower development costs, increased funding and growing local market validate the Indian SaaS sector’s status as a maturing one with impeccable credentials. This will help to draw in more top investors and prepare for a wave of IPOs.

    Late in September, Chennai-based Software as a Service (SaaS) unicorn Freshworks Inc. debuted on the Nasdaq stock exchange in a blockbuster $1 billion initial public offering. The development was a bellwether for the sunrise sector and set the stage for several other Indian SaaS firms — of which 10 are unicorns — to consider going public. At least three SaaS startups — Druva, Capillary Technologies and RateGain Travel Technologies — are
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    The Economic Times