About Vertical SaaS sector in India
The Vertical SaaS sector in India comprises 11.7K companies, including 1.76K funded companies having collectively raised $16.8B in venture capital money and private equity. Out of these, 526 are Series A+ funded, and 13 have achieved unicorn status.
Vertical SaaS sector in India has seen 230 acquisitions and 28 IPOs.
Top Vertical SaaS Companies in India
There are more than 11.7K companies in Vertical SaaS in India. Shiprocket is the top Vertical SaaS company in India, ranked using Tracxn Score (what's this?).
Here are 5 of the top Vertical SaaS companies in India:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Provider of logistics and marketing solutions for e-commerce businesses | Delhi (India) | 2012 | Series E | $349M | |
Provider of payment and banking solutions | San Ramon (United States) | 2015 | Series D | $390M | |
Provider of employee transportation management solutions | Bengaluru (India) | 2009 | Series C | $31.9M | |
Developer of a healthcare intelligence platform for data aggregation and analysis | San Francisco (United States) | 2014 | Series F | $675M | |
Provider of restaurant management software platform | Ahmedabad (India) | 2011 | Series C | $11M |
Companies founded year-on-year in the Vertical SaaS sector in India
1,074 Vertical SaaS startups in India were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2025 | 72 |
2024 | 347 |
2023 | 512 |
2022 | 559 |
2021 | 741 |
2020 | 1,074 |
2019 | 880 |
2018 | 764 |
2017 | 789 |
2016 | 1,038 |
Stage-wise distribution of Vertical SaaS sector companies in India
Out of the total 11,678 Vertical SaaS companies in India, 1,762 have secured funding. Among them, 526 have reached Series A or higher, and 354 to Series B or beyond.
Founded - 11,678
Funded - 1,762
Series A+ - 526
Series B+ - 354
Series C+ - 308
Company Stage | No. of companies |
|---|---|
Founded | 11,678 |
Funded | 1,762 |
Series A+ | 526 |
Series B+ | 354 |
Series C+ | 308 |
Let us walk you through our Sectors and other offerings
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Designed with precision for VCs, PE, IBs, Incubators, M&A, Innovation more
Funding Trends in the Vertical SaaS sector in India
Total funding year-on-year in the Vertical SaaS sector in India
The Vertical SaaS sector in India saw a total funding of more than $13.1B in the last 10 years. The most amount of funding was in 2021 at more than $4.08B.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $643M |
2024 | $1.18B |
2023 | $840M |
2022 | $3.12B |
2021 | $4.08B |
2020 | $956M |
2019 | $1.07B |
2018 | $547M |
2017 | $272M |
Recent Funding Rounds in Vertical SaaS in India
In the year 2026, till January 2026, Vertical SaaS companies in India have raised $29.6M in equity funding across 3 rounds.
In the same period last year (i.e. till January 2025), Vertical SaaS companies in India had raised $63.1M across 18 rounds.
So, 2026 has seen a 53.06% drop in funding in Vertical SaaS companies in India as compared to 2025.
Here are some recent, important funding rounds in Vertical SaaS companies in India:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 9915 | Jan 07, 2026 | ||
Seed | 4447 | Jan 05, 2026 | and 2 more | |
Series A | 9039 | Jan 02, 2026 | ||
Seed | 3736 | Dec 18, 2025 | ||
Series B | 4987 | Dec 17, 2025 |
Top Investors in Vertical SaaS in India
Accel is the top investor in Vertical SaaS companies in India based on number of companies invested.
Here are some top investors in Vertical SaaS companies in India:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Palo Alto (United States) | ||
Redwood City (United States) | ||
Cambridge (United States) | ||
Menlo Park (United States) | ||
Bengaluru (India) |
_1583467951837.png?devicePixelRatio=2&height=20&width=20){kind=logo}
_1583471524200.png?devicePixelRatio=2&height=20&width=20){kind=logo}
M&A activity in Vertical SaaS sector in India
In the year 2026, till January 2026, 1 acquisition happened in Vertical SaaS sector in India. Last year, in 2025, a total of 20 acquisitions happened in Vertical SaaS sector in India.
Here are some recent, important acquisitions in Vertical SaaS sector in India:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jan 04, 2026 | ||
Business Acquisition | Nov 22, 2025 | ||
Business Acquisition | Nov 04, 2025 | ||
Business Acquisition | Sep 30, 2025 | ||
Business Acquisition | Aug 22, 2025 |
Acquisition trends in Vertical SaaS sector in India
Here are the acquisition trends in Vertical SaaS sector in India:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2025 | 19 |
2024 | 15 |
2023 | 18 |
2022 | 43 |
2021 | 38 |
2020 | 13 |
2019 | 21 |
2018 | 14 |
2017 | 12 |
2016 | 14 |
IPOs in Vertical SaaS in India
In the year 2025, till November 2025, 3 IPOs happened in Vertical SaaS sector in India.
Here are some recent, important IPOs in Vertical SaaS sector in India:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Nov 26, 2025 | National Stock Exchange (NSE), Bombay Stock Exchange (BSE) | |
Oct 08, 2025 | Bombay Stock Exchange (BSE) | |
Apr 03, 2025 | Bombay Stock Exchange (BSE) | |
Aug 13, 2024 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) | |
Jul 05, 2023 | Bombay Stock Exchange (BSE), National Stock Exchange (NSE) |
_1568203004421.jpeg?devicePixelRatio=2&height=20&width=20){kind=logo}
Colleges which produce the most Vertical SaaS companies in India
Companies founded by alumni from top colleges in the Vertical SaaS in India
Most number of Vertical SaaS startups in India have been founded by alumni from BITS Pilani, IIT Delhi and IIT Bombay.
College | No. of companies |
|---|---|
BITS Pilani | 167 |
IIT Delhi | 161 |
IIT Bombay | 149 |
IIT Kharagpur | 121 |
IIT Kanpur | 112 |
IIT Madras | 108 |
IIM Ahmedabad | 98 |
IIM Bangalore | 93 |
IIT Roorkee | 79 |
IIM Calcutta | 78 |
Total funding in Vertical SaaS companies founded by alumni from top colleges in India
In the last 10 years, IIT Delhi graduates' Vertical SaaS companies in India have raised the most funding among top colleges. IIM Ahmedabad alumni are second, and IIT Kharagpur alumni are third.
College | Total Funding |
|---|---|
IIT Delhi | $3.15B |
IIM Ahmedabad | $2.57B |
IIT Kharagpur | $1.79B |
IIT Bombay | $1.52B |
Carnegie Mellon University | $1.33B |
BITS Pilani | $1.21B |
IIT Madras | $1.16B |
Wharton School | $1.13B |
University of Pennsylvania | $818M |
IIT Kanpur | $688M |
Top News in Vertical SaaS in India
•
•
Comviva Fintech Platforms processes $1 Bn daily transactions strengthening its fintech dominanceBusiness Review Live•Oct 08, 2025•Comviva
•
•
ProHance Recognized as a Trailblazer in the Everest Group Workforce Management in Contact Centres 2025 ReportThe Associated Press•Sep 16, 2025•ProHance
•
Unicorn India-backed healthcare payments firm QubeHealth eyes fundraiseVCCircle•Sep 15, 2025•QubeHealth
•
•
Comviva Wins Gold at Brandon Hall Group™ HCM Excellence Awards® 2025PR Newswire•Aug 19, 2025•Comviva
•
•
SemiCab Partners with RoaDo to Drive Revenue Growth and AccessibilityGlobeNewswire•Aug 13, 2025•SemiCab, RoaDo
•
