SaaS companies are raising millions, and that shows that the companies are revolutionizing a lot of segments. So as we start another week, it’s time to look back at the previous one and bring you everything that happened in the world of SaaS. So without further delay, let’s begin. <\/p>\n
News of the week <\/strong> Instamojo launches SaaS solution for MSMEs with GetMeAShop acquisition <\/a> Asana files to go public via direct listing <\/a> UK startup Rimilia raises $15 million to expand its \u201cCRM for finance teams\u201d across Europe and North America <\/a> How can early-stage founders build their SaaS startup with the help of Accel India? <\/a> After $479M round on $12.4B valuation, Snowflake CEO says IPO is next step <\/a> Payments infra startup Finix closes $35M Series B led by Sequoia <\/a> SaaS-based fleet analytics startup Fleetx collects Series A cheque <\/a> 0. I analyzed the ARR and cumulative fundraising trajectories of the 21 VC-backed SaaS companies that have IPO-ed since 2017 2H \u2013 they can be divided into 4 patterns.<\/p>\n \u2014 Shin Kim February 5, 2020<\/a><\/p><\/blockquote>\n <\/center>
\nAvaya details feature roadmap for Avaya Cloud Office by RingCentral <\/a>
\nWith the world moving towards cloud and “as a service” business model, popular unified communication company Avaya is also laying the roadmap for the same. Avaya has joined hands with RingCentral to introduce UCaaS (Unified Communications as a Service) and will be introducing several features over the course of 2020 to Avaya Cloud Office. <\/p>\n
\nInstamojo started as a simplified payment gateway system for individuals and businesses, and has continued to evolve over the years. In its latest bid to become a full-stack player for MSMEs, it has acquired GetMeAShop to make it easier for small entrepreneurs to sell their products online. <\/p>\n
\nAsana, one of the most popular workplace productivity tools, has revealed its plans of going public by a direct listing route. Direct listing has suddenly become common in startups with Spotify leading the way back in 2018. <\/p>\n
\nRimilia is a fintech company that touts the use of AI to automate payments from users. Its SaaS service could be used globally as it works with all kinds of banks, currencies and even languages.
\nRelated read: Check out the pitch deck this London fintech used to raise $15 million from Silicon Valley Bank and Eight Road Ventures<\/a> (Paywall) <\/em><\/p>\n
\nAccel India has announced the launch of Founder Stack, a 10-week program to help early-stage Indian entrepreneurs in the SaaS space. Along with getting a workplace, founders will also get coaching from people<\/a> who’ve already build successful SaaS companies. <\/p>\n
\nSnowflake is an analytic data warehouse that integrates with various cloud services such as AWS, Google Cloud and the likes. And after its latest fundraising, it seems that the company is quite close to going public – as soon as early summer this year. <\/p>\n
\nYet another payment company in this space is in the news in the past week as Finix has raised Series B funding. The company sells the payment tech to other companies. <\/p>\n
\nFounded in 2017, Fleetx aims to create an operating system for logistics and fleet industry, allowing users to get an at-a-glance view of their entire operations. With its Series A fundraise, it aims to expand its presence across India as well as globally. <\/p>\n\n