1、Remaining steady through turbulenceIndia SaaS Report 2022 Copyright 2023 Bain&Company,Inc.All rights reserved.AcknowledgementsWe sincerely thank the Bain India team,including Naveen Kumar Reddy,Devanshi Agarwal,Himanshu Sharma,and Saurabh Lahoti for their in-depth analysis and insight generation.We

2、thank the OPEXEngine team,including Lauren Kelley and Dushyant Sharma,for their time and insights.We also wish to thank Sitara Achreja and Shelza Khan for their editorial support.OPEXEngine connects SaaS companies to higher performance,growth and valuation through performance benchmarking.With the t

3、racking of 250+metrics from industry leaders,OPEXEngine provides the tools and insights SaaS companies need to scale with confidence.AuthorsArpan Sheth is a Partner in Bain&Companys Mumbai office and leads the Private Equity and Alternative Investor practice in IndiaAditya Shukla is a Partner in Bai

4、n&Companys Mumbai office and a leader in Bain Indias Private Equity practicePrabhav Kashyap is a Partner in Bain&Companys New Delhi office and a leader in Bain Indias Private Equity practice Gustaf Ericson is an Associate Partner in Bain&Companys Mumbai office and a leader in Bain Indias Private Equ

5、ity practice Key contactsArpan Sheth in Mumbai()Aditya Shukla in Mumbai()Prabhav Kashyap in New Delhi()Gustaf Ericson in Mumbai()For media queries:Sitara Achreja in Mumbai()India SaaS Report 2022ContentsExecutive summary .2Indian SaaS landscape .4Indian SaaS investment overview .12Key SaaS themes .1

6、8Focus areas for Indian SaaS companies .23India SaaS Report 20222Executive summary The Indian Software-as-a-Service(SaaS)ecosystem continues to gather momentum despite prevailing market headwinds and has become a global leader behind only the US in scale and maturity.Whether measured in total annual