SaaS Startup Funding Report 2024 - Highest Funding of the Year in SaaS

Explore the most exciting SaaS startups of 2024. These companies, including Impact Analytics, Upekkha and AiDash, have secured millions in funding to fuel their growth and revolutionize industries like retail, beauty and healthcare. Stay updated on their progress and the latest industry trends.

Saas startup funding report 2024 India

Explore the SaaS Startup Funding Report 2024 India! Discover funding milestones like Tekion's $200M, SirionLabs' $85M, and AiDash's $58.5M. Learn how innovative startups like Impact Analytics, Rocketlane, and GetVantage are transforming industries and driving growth. Stay updated with key funding trends and insights fueling India's SaaS revolution!

1.  Impact Analytics - $40 Million Funding

Impact Analytics, a leading retail SaaS platform, has raised $40 million in growth financing. The round was led by Sageview Capital, with additional backing from long-time partner Vistara Growth.

Known for its fully integrated suite of AI-powered planning and merchandising products, Impact Analytics focuses on the retail, grocery, CPG, and supply chain sectors, offering comprehensive solutions to optimize operations.

2.  Upekkha - $40 Million Funding

Upekkha, a SaaS fund and accelerator supporting early-stage Indian SaaS companies, has successfully closed the first $15 million of its $40 million fund. The financing round is led by WestBridge Capital, with Godard Abel, CEO of G2.com, participating as a first-close limited partner (LP).

Upekkha aims to empower founders in building thriving global B2B SaaS businesses, offering both funding and accelerator support to accelerate growth and innovation.

3.  GLAMPLUS - INR 16.5 crore Funding

Glamplus, a SaaS-enabled B2B beauty marketplace, has successfully raised approximately ₹16.5 crore in a pre-Series A funding round. The round was led by Upsparks Capital, Eagle10 Ventures, ITI Growth Opportunities Fund, and Inflection Point Ventures.

Glamplus aims to revolutionize the $200 billion beauty economy in the APAC region by creating a one-stop marketplace solution for salons, spas, and gyms.

Advertisment

4.  GetVantage - 250 crore Funding

GetVantage, an alternative investment platform, has launched a ₹250 crore SaaS accelerator fund to help B2B enterprises scale without the need to dilute equity.

Founded in 2019 by Bhavik Vasa and Amit Srivastava, GetVantage is committed to making fundraising a hassle-free process for founders, offering a seamless path for growth.

5.  Adya.ai - $1.2 Million Funding

Adya.ai, an enterprise IT firm, raised INR 10.5 Cr ($1.2 Mn) in its pre-Series A funding round, with Indian Angel Network (IAN) leading the investment. Other strategic investors also contributed to the round.

Founded in 2023 by Angad Singh Ahluwalia, Shayak Mazumdar, and Archana Mazumdar, Adya.ai provides SaaS-based solutions across industries including retail, logistics, credit, and finance.

6.  AiDash - $50 Million Funding

AiDash, an enterprise SaaS company focused on making critical infrastructure industries climate-resilient and sustainable through satellites and AI, has secured $50 million in funding. This latest round brings the total funding raised by the company to $83 million.

AiDash leverages satellite data and AI to drive sustainability and climate resilience across industries like energy, utilities, and telecom.

7.  Attentive - $7 Million Funding

Attentive.ai, an AI-driven software-as-a-service firm, has raised $7 million in its Series A funding round. The round was led by Vertex Ventures Southeast Asia and India, with contributions from existing investors InfoEdge Ventures and Peak XV Partners.

Founded in 2017 by Shiva Dhawan, Rishabjit Singh, and Aishwarya Maurya, Attentive.ai specializes in landscape management software, offering end-to-end automation for field services businesses across industries such as landscaping, asphalt and paving, facilities maintenance, and snow removal.

8.  TAC Security - INR 8.55 crore Funding

TAC Security, a cybersecurity SaaS company, has raised INR 8.55 crore from anchor investors ahead of its upcoming initial public offering (IPO).

Founded in 2016 by Trishneet Arora, TAC Security is a global leader in vulnerability management, providing protection to Fortune 500 companies, leading enterprises, and governments across the world.

9.  SimpliContract - $3.5 Million Funding

SimpliContract, a leader in the Contract Lifecycle Management (CLM) space, has raised $3.5 million in its pre-Series A funding round.

Founded in 2020, SimpliContract uses its AI-powered SaaS platform to revolutionize contract management practices and aims to democratize the contracting process for businesses worldwide.

10.  Vodex - $2 Million Funding

Vodex, a Generative AI SaaS firm based in Bengaluru, has raised $2 million (INR 16 crore) in seed funding from Unicorn India Ventures and Pentathlon Ventures.

Founded in 2022 by Anshul Shrivastava and Kumar Saurav, Vodex offers an AI tool that makes outbound calls to customers using a human-like voice, setting it apart from traditional machine-based or robotic calls.

11.  Clientell - $2.5 Million Funding

Clientell, a software company specializing in sales forecasting and pipeline analysis for businesses, has raised $2.5 million (around INR 20.9 crore) in a venture funding round led by Blume Ventures. Z5 Capital, Artha Venture Fund, and Chiratae Ventures also participated in the round.

Founded by Saahil Dhaka and Neil Sarkar, Clientell acts as a mission control for revenue and go-to-market (GTM) teams.

12.  ZEPIC - $2.1 Million Funding

ZEPIC, a SaaS-based customer experience company, has raised $2.1 million (around INR 17.5 crore) in pre-seed funding from Neon Fund and a group of angel investors holding key positions at companies such as Apple, Chargebee, freshworks, Microsoft, and zoho. Neon Fund contributed $500K to the round.

Founded in 2023 by Sunil Kumar, Bharathi Kannan Ravikumar, Naveen Venkatesan, and Sreelesh Pillai, ZEPIC helps businesses deliver exceptional customer experiences across various platforms and channels.

13.  AiDash - $58.5 Million Funding

AiDash, an enterprise SaaS company focused on making critical infrastructure industries more climate-resilient and sustainable using satellites and AI, has officially closed its Series C funding round with a total of $58.5 million.

AiDash continues its mission to enhance sustainability and climate resilience in infrastructure industries through innovative AI-powered solutions.

14.  Knit - $1 Million Funding

Knit, a Bengaluru-based software startup, has raised $1 million in its seed funding round, led by Endiya Partners. Axilor Ventures and undisclosed angel investors also participated in the round.

Founded by Yasharth Mishra in 2024, Knit aims to simplify SaaS integrations with its plug-and-play platform, helping SaaS organizations create and manage seamless connections with other SaaS products.

15.  Highperformr - $3.5 Million Funding

Highperformr.ai, a marketing SaaS platform, has raised $3.5 million in seed funding, led by Venture Highway, Neon, and DeVC. Additional contributions came from several angel investors.

Highperformr is a modern social media platform powered by Generative AI, designed to help businesses enhance their social media ROI. The platform amplifies online presence, drives lead generation, and accelerates pipeline growth for B2B businesses.

16.  FarMart - $2.8 Million Funding

FarMart, a SaaS-based food supply platform, has raised Rs 24 crore ($2.8 million) in a new funding round, with support from Swiss asset management firm ResponsAbility Investments.

Founded in 2015 by Alekh Sanghera and Mehtab Hans, FarMart serves the thriving food sector across Asia, the Middle East, and Africa. It stands as the leading SaaS-B2B platform for food trade in India, streamlining operations and enhancing supply chain efficiency in the food industry.

17.  MeetRecord - $2.7 Million Funding

MeetRecord, a revenue automation startup, has raised $2.7 million in a pre-series funding round, led by SWC Global, a Singapore-based venture capital fund, with participation from existing investor All In Capital.

Founded in 2021 by Snehal Nimje, MeetRecord offers a Revenue Intelligence Solution that empowers sales teams by streamlining deal flow, providing intuitive pipeline visualization, and offering personalized AI coaching to boost sales efficiency and effectiveness.

18.  Rocketlane - $24 Million Funding

Rocketlane, a software-as-a-service (SaaS) firm, has raised $24 million in its Series B funding round, led by 8VC, Matrix Partners India, and Nexus Venture Partners.

Founded in 2020 by Srikrishnan Ganesan, Rocketlane specializes in customer onboarding and professional services automation (PSA). The platform is designed to accelerate time-to-value, enhancing project profitability and predictability for businesses.

19.  Tekion - $200 Million Funding

Tekion, a unicorn SaaS business valued at over $4 billion, has secured $200 million in growth equity funding from Dragoneer Investment Group.

Founded in 2016 by Jay Vijayan, Tekion is a cloud technology company focused on revolutionizing the automotive retail sector. Headquartered in Pleasanton, California, Tekion also has regional offices in Bengaluru and Chennai, strengthening its presence in the Asia-Pacific market.

20.  Unicommerce - INR 124.5 crore Funding

Unicommerce, a SaaS company specializing in retail and e-commerce enablement, has raised Rs 124.5 crore from anchor investors just one day before its Initial Public Offering (IPO).

21.  Ziptrrip - INR 2 crore Funding

Ziptrrip, a travel technology SaaS firm, has secured Rs 2 crore in pre-seed funding from angel investors including Anil K Jha and Prantik Dasgupta. 

Founded in 2020 by Shan Prabhakaran and Rishabh Agarwal, Ziptrrip is a corporate travel startup aimed at reducing travel costs and time for companies while digitizing the travel booking process.

22. SirionLabs - $85 Million Funding

SirionLabs, a leading Contract Lifecycle Management (CLM) SaaS platform, has raised $85 million in its Series D funding round from Partners Group. 

SirionLabs combines industry-leading innovations and extensive CLM expertise, helping businesses streamline contract management for smarter operations and improved customer success.

23.  Efficient Capital Labs - $11 Million Funding

Efficient Capital Labs (ECL), a B2B SaaS company focusing on revenue-based financing, has raised $11 million in its Series A funding round. The round was co-led by QED Investors and 645 Ventures. 

Founded in 2022 by Kaustav Das and Manish Arora, ECL offers fast, seamless, and cost-effective capital solutions to SaaS businesses.

24.  ACadru - $500,000 Funding

Acadru, a SaaS startup based in Gurugram, has raised $500,000 in funding from AIG Direct LLC and other investors. 

Founded in 2016 by Abhishek Singhal, Kamini Vidisha, and Nitin Goyal, Acadru is a multi-disciplinary and interdisciplinary learning platform aimed at enhancing content and learning for middle and high school students. The platform helps create impressive profiles for college admissions.

25.  Pepsales - $1.1 Million Funding

Pepsales, a SaaS platform designed for sales teams, has raised $1.1 million in a funding round led by Chiratae Ventures. The round also saw participation from angel investors. Pepsales aims to streamline and optimize sales processes for teams, helping them enhance productivity and performance.

Conclusion

The SaaS Startup Funding Report 2024 showcases the remarkable growth and innovation within India's SaaS ecosystem. With significant funding milestones achieved by startups like Tekion, SirionLabs, and AiDash. Emerging players are driving transformative solutions across industries, reinforcing India's position as a global hub for SaaS innovation. The future of India's SaaS landscape looks brighter than ever, paving the way for continued growth and impact.