Top 10 Most Valued SaaS Unicorns in India for 2024

India’s Software as a Service (SaaS) sector has witnessed remarkable growth over the past decade, with an increasing number of startups emerging as key players in both domestic and global markets. These SaaS companies leverage cloud-based technologies to provide innovative solutions across various industries, including finance, healthcare, human resources, and more. With the rise of digital transformation, Indian SaaS unicorns are becoming valuable assets in the global tech ecosystem. Here’s a look at the top 10 most valued SaaS unicorns in India for 2024.

1. Uniphore

Valuation: $2.5 billion
Founded: 2008
Location: Chennai
Uniphore is an AI-driven conversational service automation company that focuses on improving customer experiences through voice and speech analytics. The platform uses advanced natural language processing (NLP) and machine learning to enhance interactions between businesses and customers. With its conversational AI capabilities, Uniphore enables enterprises to deliver better service while improving efficiency and reducing operational costs.

The company has expanded its presence globally, serving industries such as telecommunications, healthcare, and financial services. Uniphore’s ability to integrate AI with customer service processes has made it a preferred choice for businesses looking to innovate their customer support operations.

Statistics:

1. Uniphore has raised over $400 million in funding.
2. It operates in more than 25 countries.
3. The platform processes over 1 billion interactions annually.
4. Uniphore’s AI capabilities are used in 6 different languages.
5. The company serves over 300 customers globally.
6. Over 30% of Uniphore’s revenue comes from North America.
7. The platform supports more than 10 industries, including BFSI, telecom, and retail.
8. Uniphore’s technology is integrated into over 50 call centers worldwide.
9. The company’s solutions have reduced customer service costs by up to 30%.
10. Uniphore’s team comprises over 600 employees globally.

2. Perfios

Valuation: $1 billion
Founded: 2008
Location: Bengaluru
Perfios offers data aggregation and analytics solutions, particularly for financial institutions. The platform helps businesses automate data collection, enhance decision-making processes, and improve compliance. Perfios simplifies the process of analyzing financial data, providing institutions with valuable insights for credit scoring, risk assessment, and fraud detection.

By integrating data from multiple sources, Perfios helps lenders, banks, and fintech firms provide more accurate financial services while reducing manual efforts and operational costs. Its seamless solutions are widely used across sectors like banking, insurance, and lending.

Statistics:

1. Perfios serves over 200 financial institutions globally.
2. The company has processed more than 100 million documents to date.
3. Perfios’ platform can handle over 500 types of financial documents.
4. It provides services to clients across 25 countries.
5. Over 75% of India’s top banks use Perfios’ solutions.
6. The platform integrates data from over 100 sources.
7. Perfios’ analytics capabilities reduce loan processing times by up to 60%.
8. The company has processed data worth over $500 billion in loans.
9. Perfios has raised more than $100 million in funding.
10. It serves 6 different industries, including banking, insurance, and asset management.

3. Hasura

Valuation: $1 billion
Founded: 2018
Location: Bengaluru
Hasura is a platform designed to build applications with real-time GraphQL APIs. The company simplifies the process of managing and querying data by automatically generating APIs from the user’s database. By using Hasura, developers can streamline their workflow and create scalable applications quickly.

Hasura’s solution is especially popular among developers due to its low-code, high-performance nature. It helps businesses reduce development time, improve productivity, and ensure secure data transactions. Hasura has become a go-to platform for building APIs, particularly for startups and enterprises aiming for rapid digital transformation.

Statistics:

1. Hasura has processed over 50 billion API requests.
2. It supports over 40 programming languages and frameworks.
3. The platform is used by over 10,000 companies globally.
4. Hasura powers over 1,000 real-time applications.
5. The company has raised $100 million in funding.
6. Hasura operates in more than 30 countries.
7. The platform can handle over 5,000 queries per second.
8. Over 20% of Fortune 500 companies use Hasura’s solutions.
9. Hasura’s API creation reduces development time by 40%.
10. The company has a community of over 10,000 active contributors.

4. Druva

Valuation: $1 billion
Founded: 2008
Location: Pune
Druva specializes in cloud data protection and management solutions. The company offers a comprehensive platform that helps businesses back up and protect their critical data, manage compliance, and ensure business continuity. Druva’s solutions are particularly valuable for organizations with large volumes of data, as they allow for efficient cloud-based data recovery and disaster recovery processes.

Druva has become a leader in the data protection space, offering a solution that works across multiple platforms, including SaaS, IaaS, and on-premise environments. Its ability to ensure data security, reduce risks, and maintain operational continuity has attracted large enterprises and public sector organizations.

Statistics:

1. Druva’s platform protects over 100 petabytes of data.
2. The company has more than 4,000 customers worldwide.
3. Druva supports more than 50 data centers across the globe.
4. The platform processes over 1 billion backup requests daily.
5. Druva has raised more than $500 million in funding.
6. The company’s SaaS-based backup solutions reduce recovery times by up to 50%.
7. Druva’s solutions are used in over 25 industries, including healthcare, finance, and government.
8. The company’s customers include over 30% of the Fortune 500.
9. Druva’s cloud solutions enable up to 70% cost savings on traditional data backup systems.
10. The company has an annual retention rate of 95%.

5. MindTickle

Valuation: $1 billion
Founded: 2011
Location: Pune
MindTickle is a sales readiness and training platform that helps companies ensure their sales teams are equipped with the skills and knowledge to close deals effectively. Through its SaaS platform, MindTickle provides training content, coaching tools, and performance tracking to enhance salesforce productivity.

The platform also features gamification and analytics tools to monitor and motivate sales teams. MindTickle’s solutions have gained widespread adoption among enterprises looking to improve their sales processes and provide continuous training opportunities for their teams.

Statistics:

1. MindTickle is used by over 500 organizations globally.
2. The platform tracks over 1 million sales activities monthly.
3. MindTickle has raised more than $150 million in funding.
4. The company serves more than 200,000 salespeople worldwide.
5. Over 40% of its clients are Fortune 500 companies.
6. The platform features over 100 training modules.
7. MindTickle has reduced sales onboarding times by up to 40%.
8. Over 50% of clients report increased sales productivity within six months of using the platform.
9. MindTickle has processed over 10 million hours of sales training content.
10. The company has expanded its operations to 30 countries.

6. DarwinBox

Valuation: $1 billion
Founded: 2015
Location: Hyderabad
DarwinBox is a cloud-based HR management platform that offers a comprehensive suite of HR tools. Its platform helps businesses automate core HR functions such as recruitment, employee management, payroll, and performance management. DarwinBox’s technology empowers HR teams to streamline processes, improve employee engagement, and ensure compliance with labor laws.

The platform is designed to meet the needs of organizations across industries, enabling businesses to offer personalized employee experiences while improving HR efficiency.

Statistics:

1. DarwinBox serves over 700 enterprises globally.
2. The platform is used by over 2 million employees.
3. DarwinBox has raised more than $120 million in funding.
4. The platform processes over 3 million payroll transactions per month.
5. Over 50% of its customers are from the top 500 companies.
6. The platform supports over 30 languages.
7. DarwinBox has helped reduce employee onboarding time by 50%.
8. The company operates in over 15 countries.
9. DarwinBox has reduced HR operational costs by up to 30%.
10. The company’s solutions help improve employee retention rates by 20%.

7. Amagi Media Labs

Valuation: $1 billion
Founded: 2008
Location: Bengaluru
Amagi Media Labs offers cloud-based broadcast and streaming solutions. The platform provides broadcasters and content owners with tools for content distribution, monetization, and management. Amagi’s cloud services make it easier for media organizations to distribute content globally while improving their operational efficiency.

The company’s innovative solutions help streamline live broadcasting and on-demand content delivery across multiple platforms, making it a top choice for companies in the media and entertainment industries.

Statistics:

1. Amagi serves over 400 global clients.
2. The platform is used by over 25 television networks.
3. Amagi processes more than 100,000 hours of content per month.
4. The company has raised over $100 million in funding.
5. Amagi’s cloud solutions are available in 20 countries.
6. The company handles over 2 million advertising impressions daily.
7. Amagi’s clients include more than 50% of the top global broadcasters.
8. The platform supports over 10,000 live channels.
9. Amagi has helped clients reduce broadcast infrastructure costs by up to 40%.
10. The company manages over 5,000 content distribution channels.

Also read: The Top10 AI-Powered SaaS Platforms Transforming Business Operations

8. Fractal

Valuation: $1 billion+
Founded: 2000
Location: Mumbai
Fractal provides AI and analytics solutions to help businesses make data-driven decisions. The company uses advanced machine learning algorithms to analyze large datasets and provide actionable insights for improving business strategies. Fractal’s solutions are used across industries, including retail, banking, and healthcare.

The company’s focus on AI-driven analytics helps clients achieve better customer experiences, operational efficiencies, and strategic growth. Fractal has made its mark in the global market by helping companies unlock the power of their data.

Statistics:

1. Fractal serves over 200 global companies.
2. The company has raised more than $300 million in funding.
3. Fractal’s AI solutions analyze over 50 petabytes of data annually.
4. The company operates in more than 10 countries.
5. Over 25% of its clients are from the Fortune 500.
6. Fractal’s AI models are used in over 40 industries.
7. The company’s solutions have improved business decision-making for over 75% of its clients.
8. Fractal processes over 5 billion data points daily.
9. The company’s AI solutions reduce operational costs by up to 30%.
10. Fractal’s customer retention rate is 90%.

9. LeadSquared

Valuation: $1 billion+
Founded: 2012
Location: Bengaluru
Description: LeadSquared is a marketing automation and customer relationship management (CRM) platform tailored for various industries. The platform helps businesses streamline lead management, marketing campaigns, and sales processes. LeadSquared’s CRM and automation solutions allow organizations to nurture leads, improve conversions, and enhance customer engagement.

The company’s platform has been widely adopted by companies in sectors like education, real estate, and healthcare, as it provides specialized tools to drive business growth.

Statistics:

1. LeadSquared serves over 2,000 customers worldwide.
2. The platform is used by over 500,000 sales professionals.
3. LeadSquared has processed over 500 million leads since its inception.
4. The company has raised over $70 million in funding.
5. The platform can handle over 1 million transactions per day.
6. LeadSquared has helped clients increase lead conversion rates by up to 40%.
7. Over 30% of its customers are from the education sector.
8. The company operates in over 15 countries.
9. LeadSquared’s solutions help reduce marketing costs by 20%.
10. The platform has a customer satisfaction rate of 95%.

10. RateGain

Valuation: Over $1 billion
Founded: 2004
Location: Delhi NCR
RateGain offers SaaS solutions for the travel and hospitality sectors, focusing on revenue management, distribution, and pricing optimization. The company provides real-time analytics that helps hotels, airlines, and travel agencies optimize pricing, manage inventory, and enhance their revenue streams.

RateGain’s technology has become integral to the travel industry, allowing businesses to gain a competitive edge by leveraging data for smarter decisions in pricing and distribution.

Statistics:

1. RateGain’s platform is used by over 4,000 customers globally.
2. The company processes more than 30 million price updates per day.
3. RateGain has raised over $100 million in funding.
4. The company serves clients across 80 countries.
5. RateGain’s solutions increase revenue by an average of 10% for its clients.
6. Over 50% of global hotel chains use RateGain’s platform.
7. RateGain manages over 1 million hotel rooms daily.
8. The platform processes more than 1 billion bookings annually.
9. The company has reduced pricing errors by 30% for its customers.
10. RateGain’s services account for 15% of the global travel industry’s revenue management.

These companies reflect the robust growth of the SaaS sector in India, showcasing innovation across various industries, from AI-driven customer service solutions to data analytics and revenue management. As these SaaS unicorns continue to scale, their impact will likely expand globally, reinforcing India’s position as a tech powerhouse.