PE-VC investors smell big opportunity in India's young SaaS sector

Even as macroeconomic headwinds are threatening to derail the deal-making momentum in India in the short term, startups offering software as a service (SaaS) and building global products are reaping a bounty from investors.

SaaS startups have amassed about $2.3 billion in capital across 102 transactions between January and July this year, show proprietary data collated by DealStreetAsia. Software startups, including SaaS, have raised about $3.6 billion across 177 transactions during the same period. Software startups had garnered $3.8 billion across 231 transactions in the whole of 2021, of which SaaS accounted for about 68% of the deal value.

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