Wishing you all dear readers a Happy New Year as we roll out the first edition of the SaaS weekly roundup for 2022. The past year has been exhilarating to say the least for the SaaS industry, and this year should be no different. While only time will tell what this year holds for us, for now, let’s take a look at the latest news, podcasts, and more that deserve your attention.
Table of Contents
News of the week
IPO-Bound SaaS startup Capillary’s FY21 profit surged 82x to nearly INR 17crores
India and Singapore-based Capillary Technologies has announced that it’ll be going public soon. In its prospectus, it highlighted that its revenue has declined, though the net profit increased 82 times to Rs 16.94crores in comparison to the previous financial year. The company aims to raise Rs 850crores via IPO.
SenseTime shares jump in Hong Kong market debut
Artificial intelligence company SenseTime made its debut in the Hong Kong public market with its shares closing 7.3 percent above the IPO price. Valued at $17.6billion, the company sold its shares at HK$3.85.
China famous SaaS company OP Retail is now going globally after 2 rounds of funding
We’ve mentioned quite often that SaaS and China aren’t used in the same sentence usually. But things are seemingly changing. China’s retail solution provider OP Retail is now aiming to go global after raising Series B investment in 2020. It has a presence in 30 countries already, and will now expand to South Africa, the United States, and the United Kingdom.
SaaS companies that got the funding this week
Recruiting startup Paradox valued at $1.5billion following $200million funding round
Paradox is an AI-based conversational software for hiring. It has nabbed $200million in funding to become a unicorn with a valuation of $1.5billion. Its AI assistant is dubbed Olivia which can automate different tasks for hiring candidates. The company will be using the amount to expand its sales, marketing, and product teams.
Transigo snags $70million in funding from Israeli companies
POS SaaS platform Transigo has secured $70million in funding. Led by Israeli firms E.N. Shoham Business Ltd. and Nawi Brothers, the company will be expanding its point-of-sale platform to major B2B marketplaces of Asia.
Must reads
Newly minted Indian unicorns out to reshape the SaaS space
SaaS tech: Building for India, winning the world
Listen to
Reimagining HRMS and winning against legacy companies
HR software space is quite crowded, yet India’s Darwinbox has managed to carve a niche for itself in the Southeast Asian market. It even got Salesforce Ventures’ attention for its recent funding round. In this podcast, its co-founder Rohit Chennamaneni shares the early journey of Darwinbox, how they generate leads, how various regions in SEA differ, and more.
How to scale outbound sales with the CROs of Outreach, Malwarebytes, HubSpot, and Seismic
Scaling outbound sales is difficult, yet important for a SaaS company to grow. In this podcast, leaders from companies like Outreach and HubSpot share their learnings, how to make the right hires, and the importance of BDRs, among others.
How to run a data business
SafeGraph’s CEO Auren Hoffman shares all about running a data business in this podcast. He shares the evolution of SafeGraph and why narrow focus on places data helped them to stand out in the market.
Watch
How To innovate faster with community: insights from GitLab CEO Sid Sijbrandij
GitLab is one of the largest remote organizations in the world. It also went public last year. But another secret of its success is community. In this video, its CEO Sid Sijbrandij discusses how they co-created the product with community, which was faster and efficient too. He also shares the company’s journey, and how they chose a business model.
