Product Owner

Building tryfnx.com  As we started reaching out to customers, we recognised the need for automation in Indian SMEs on par with the US. We didn't anticipate the Indian market's significant demand fo...

Welcome to Indian Startups's Private Community

Building tryfnx.com

As we started reaching out to customers, we recognised the need for automation in Indian SMEs on par with the US. We didn't anticipate the Indian market's significant demand for automation, similar to the US.

Exciting and happy about this turnout. Definitely, long way to go 🚀. I think gone are the days where B2B SaaS are for the US market 

PS: Our startup offers comprehensive accounting support. We provide autonomous accounting agents

Underestimated indian Market's Demand for Accounting Automation

Data Scientist

Underestimated indian Market's Demand for Accounting Automation- Grapevine

Promote your startup! Should be less than 3 months old.

Product Manager

Building tryfnx.com   
  
if your startup is looking for end to end accounting support, we can be of help for free / minimal charge. Want to take this opportunity to try autonomous accounting agents at your service.   
  
We are looking for alpha customers to try  tryfnx.com , happy to onboard and support without any hassle. 🙏.   
  
Can elaborate further over a call. Ping me at sai@tryfnx.com 

TIA

End to end accounting at your service

Was looking for automation solutions for my startup, came across an early stage AI startup that had 3-4 meetings with us and showed us screenshots of their product, but delayed product demo and signup.

Few days later said they're shutting down because they couldn't raise funds and had no MVP ready to use. But they didn't tell us that earlier, all they said was "we are in early stages, still working on product, need info from you"etc.

While their vision seemed good enough, not having an MVP while pitching for clients is weird and a waste of time tbh. No one will know or learn anything unless they try using an actual product, including themselves. And it isn't hard to build one either, i think I have the gist of it and might already be in production by other startups in this space. Decent low hanging fruit in SaaS with good long term potential.

Doing things that don't scale doesn't mean you don't put in the required amount of work before approaching clients. Don't want to name them, they probably learned as much by now.

Got pitched by a startup with no MVP 😂

2021: Indian SaaS market size was at $11B

2030: Indian SaaS market expected to cross $50B

Context

The Indian SaaS ecosystem is booming - 11 companies surpassing $100M+ ARR. So let's dive into the major tailwinds in the ecosystem

1/. Explosive Growth in Early-Stage Firms

The number of SaaS companies hitting the $10M

revenue mark ~3X'd from 30 to 85 in just 6 years. Indian SaaS companies are set to capture 8% of the global SaaS market

2/. Efficiency as a Competitive Edge

Indian SaaS companies are redefining growth with unmatched efficiency. Early-stage firms are delivering a median efficiency score of 165% as opposed to global SaaS companies (making $10-$30M in ARR) delivering just 69%

3/. Multi-Product Mastery

Companies like Zoho are mastering multi-product strategies, driving sustained revenue growth without heavy external funding.

Their $1B ARR success showcases the power of cross-selling:

The larger total addressable market

Durable growth & lower churn, and higher LTV

Reduced CAC by selling new products to existing customers

This creates stronger retention and a competitive moat through an integrated platform.

*What's next?

As the global VC landscape recovers from its 2021 peak, 2024 is set to exceed 2023 by 25%, with nearly $1B in funding into Indian startups.

Al-focused companies are at the forefront, drawing $175M in 2023 and signaling where the future of SaaS is headed.

Credits:- https://youtube.com/@growthx?si=0adet2Hm4ZhZ6lmZ

Indian SaaS Market Growth

Welcome to Business Roles's Private Community

India gave in into Service boom, shouldn't for AI

Consultant

Why India does not have technology-based product companies and why early companies like TCS, Infosys etc did not focus on the product.

India lacks technology companies.

Software Engineer

For me it was always startups and now looking at the landscape I think it’s very hard. For 8 years, I just wasted my time.

Anything I am building is failing. Couldn’t raise any funds, non of my products reached mass market or gain enough profits. Have skills but non to utilise on!

Indian B2C is extremely hard, and even though people think Saas is great, bad news guys, Indian business rather use excel than pay for jira. There is a saying now - “Easier to earn a dollar than a rupee”.

Have meet so many founders and VCs. Most of them lost touch of reality. Either moved to US or on leave from their own startups.

Only think I know is going through a complete mental breakdown and no one to look up to. My gf left last year, can’t even get any jobs in this market neither can build something useful.

What gives your life meaning ?

Founder

Welcome to News Discussion's Private Community

PM Modi was way ahead of the curve with public initiatives to push for Indians to build tech (SaaS) businesses.

Let's cure male loneliness by getting homies to build B2B SaaS products

Welcome to Office Gossip's Private Community

Absolutely sad to see the state of the startups, most of them.
I am a founder myself, and this is a post with equal disappointment with myself as much as it is for anyone else who relates.
Look at all these companies that have raised shit tons of capital, and now make a fraction of money that has been invested in them.
The raised money is spent on outsized, non business sense making acquisition costs, only to keep repeating it till the tap runs dry.
Then when all stakeholders get bored, the service quality plummets, the employees are fired and whole sectors are admonished as being bad.

But, my question is, which sector where large sums of money was invested in early days have come out with flying colours. Fucking nothing !
Edtech, proptech, agritech, ecommerce etc. etc. etc. kuch bhi nahi. 

Is there any sector where a startup which has raised in the 100s of millions in the first 5 years have actually built a sustainable business at any scale ?
Then scaling down, isse acha, scale slowly.
The worst part of this whole drama, is pushing the innovation wheel backward and destroying customer sentiment.

Isse acha, raise less money inititally, build slowly, and only scale when the market is ready. Artifical growth makes no sense, unless you have a treasure chest that shall never run out.
Even in that case, spend the money on assets and not on random acquisition costs, direct or indirect.

As founders, let's do better, nahi ?

Rant or is it ?

Team is less than 10 people still, slowly growing. Net profit could be higher, that's top priority to work on now. Total cash invested by founders was 15L over 3-4 years.

Yearly revenue :

2019 - less than 30k 
20 - 1.5L (after pivot)
22 - 50L

Getting to the first lakh and then to 10 lakhs was probably the most challenging part.

We thought of shutting down multiple times, struggled through multiple fights between founders. Glad we didn't stop working and pulled through.

This is my 4th or 5th attempt at starting up. Except for 1, other attempts didn't even get to incorporation stage.

Would love to hear from other bootstrappers and their experience.

Personal milestone: 1Cr in rev as a bootstrapper

We’re at about $400K bootstrapped with a team of 2 (me included), started in 2019. Revenue almost doubled in last 18 months. 
  
 My personal observation is that if you’re going to bootstrap, you need to go after high margin, niche markets (unless you’re doing services) because you don’t have a lot of money for marketing. 
  
 Our main growth channel is affiliates and SEO. Growth will be slow so we just have to keep at it. Also, beware of VC-funded competitors.

Generalist

Indian IT jobs gonna be outsourced to gpt?

The timing of Zeptos fundraise is significant given the slump in investments into growth- and late-stage startups on the one hand and the correction being witnessed in the quick commerce segment on the other.

Unicorn drought ends as Zepto raises $200 million at $1.4 billion valuation

Zepto becomes India's 1st 2023 unicorn

Everything kept aside, it’s genuinely awe-inspiring that they’ve been able to do this in a market with close to zero interest in consumer internet plays, and most models failing  
  
 There’s definitely something about the way they executed. And many good things are said within the ecosystem about Aadit as a founder!

Analyst

A thread:

1.	Over the last 2 months, the Chief Business Officer, Head of Marketing, and Head of Enterprise have been laid off.

2.	CEO has surrounded himself with 3-4 Yes Men/Women who have no expertise in the respective domains that they are currently looking at (being called as Founder’s Office staff – but are basically playing the role of glorified postmen/women)

3.	Rest of the senior leadership has been demoted for all practical purposes and all business decisions are taken in weekend meetings between the CEO, and his close friend (who is also acting as the CBO currently)

4.	Work culture has become so toxic that employees across levels are either looking out or jumping ship or even resigning without offers in hand

5.	There is a ton of investor pressure on the CEO to start showing tangible revenue – classic case of raising money at bloated valuations with no business model in place

Apna is heading for a cliff!

Project Manager

People in tech are in over their heads. There’s been an unsustainable inflation in salaries and somehow 20 somethings have actually started believing their skills are worth what they’re making

I speak to so many engineers who just with two years of experience are making 30-40 LPA packages. They actually believe they are better than people in say banking who make the same salary after 15 years of grinding it out. 

It’s all supply-demand. Supply will soon catch up to the demand. Salary normalization will happen. 

Your salaries may not grow for years if you don’t personally grow as well in skill set and become more valuable overall. 

At the least, don’t have an attitude about how much you make. Stay humble. Enjoy the good times while they are still here

Rant - People in Tech have lost their mind

Business Development Manager

https://youtu.be/lUp5xKvGzDw?si=GVh3pdYnu2uwpVDS

Not sure of the authencity of the video. But look at the scale of use of tech.

China is ahead at AI/Robotics/Tech adoption

Last 3 years of startups have been all about SaaS. I just don't get it. So far, it was about solving real problems at scale.
First with consumer websites (google etc), then software, then shopping & delivery (amazon swiggy zomato fk etc etc) 

And now, it's all SaaS:
- Imma build a startup to help white businessmen in America do better billing 
- Imma build a 360 degree feedback tool specifically for Norwegian miners 
- Imma build a SaaS software to help HR people note down who isn't dressed properly
- Imma build a software to help hillbillies in the US better manage their trucking company

Like how are smart people in India taking up entrepreneurship to build these ideas that are dull and feel like the end of life? How does anybody become excited by this? 

is it just money? what am I missing?

SaaS: Why are people so attracted to it? (mini rant)

Budget 2024 scrapped the angel tax for all investors, creating the ultimate playground for innovation and entrepreneurship in India.

Underestimated indian Market's Demand for Accounting Automation

Discover More

Indian Startups on

by Kendall Hyrum

Freight tiger

Promote your startup! Should be less than 3 months old.

Indian Startups on

by Kendall Dean

Stealth

End to end accounting at your service

Indian Startups on

by Jordon Lee

Stealth

Got pitched by a startup with no MVP 😂

Indian Startups on

by Kendall Carmden

Student

Indian SaaS Market Growth

Business Roles on

by Isaiah Vernon

Stealth

India gave in into Service boom, shouldn't for AI

Indian Startups on

by Jordon Carmden

Oracle

India lacks technology companies.

Indian Startups on

by Jordon Everett

Stealth

What gives your life meaning ?

News Discussion on

by Dezi Denver

Student

Let's cure male loneliness by getting homies to build B2B SaaS products

Office Gossip on

by Kendall Carmden

Stealth

Rant or is it ?

Indian Startups on

by Kendall Everett

Stealth

Personal milestone: 1Cr in rev as a bootstrapper

News Discussion on

by Anise Vernon

X.com

Indian IT jobs gonna be outsourced to gpt?

News Discussion on

by Matilda Vernon

Zepto

Zepto becomes India's 1st 2023 unicorn

Indian Startups on

by Karilyn Carmden

Zepto

Apna is heading for a cliff!

Office Gossip on

by Anise Vernon

Amazon

Rant - People in Tech have lost their mind

Misc on

by Jordon Lee

Stealth

China is ahead at AI/Robotics/Tech adoption

Indian Startups on

by Kendall Olive

Cisco

SaaS: Why are people so attracted to it? (mini rant)

Indian Startups on

by Kendall Carmden

Student

Big news for Indian startups!