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ECA International attracts new investment to accelerate technology transformation ECA today announced a multi-million pound investment from Pelican Capital LLP (“Pelican”) to accelerate development of its software-as-a-service businesses that help companies manage their internationally mobile workforce. The group – comprising ECA International (“ECA”), Tracker Software Technologies (“TST”) and a minority investment in Global Expat Pay (“GEP”) – combine to create a single authoritative source of data and technol...
ECA International attracts new investment to accelerate technology transformation
ECA International attracts new investment to accelerate technology transformation
Source: PR Agency
3/05/2023 5:41:24 PM
Tech spending in India poised to grow by 9.6% this year Tech spending in India is poised to grow by 9.6 per cent this year and the IT spending growth is set to regain pre-pandemic levels, with 2024 expected to be even better, a report has shown. The Indian economy is poised for a 0.8 per cent growth in the 2023 fiscal year, according to Forrester's 'India Tech Market Outlook for 2023 and 2024'. Nevertheless, it still faces challenges from a falling rupee and increasing current account deficit due to geopolitical events such as th...
Tech spending in India poised to grow by 9.6% this year
Tech spending in India poised to grow by 9.6% this year
Source: IANS
1/04/2023 10:09:43 AM
Fundraising gets tougher, 2023 super challenging for startup founders: Report Amid a deepening funding winter, only 53 per cent of startup founders had a positive fundraising experience (71 per cent of those who attempted to raise) in 2022, down from 92 per cent in 2021, a report said on Wednesday. Founders expect this year to be challenging, with 58 per cent of founders expecting a tough fundraising environment, according to the report by InnoVen Capital, Asia's leading venture debt firm. Hiring is also expected to slow down with only 38 per cent of startup ...
Fundraising gets tougher, 2023 super challenging for startup founders: Report
Fundraising gets tougher, 2023 super challenging for startup founders: Report
Source: IANS
8/02/2023 5:19:21 PM
Indian SaaS firms to reach $35 bn in revenue in 5 years Indian software-as-a-Service (SaaS) companies are poised to command 8 per cent of the global SaaS market, generating $35 billion in annual recurring revenue (ARR) by 2027, a report showed on Tuesday. It will be a growth of 20-25 per cent per annum for the homegrown SaaS firms, according to Bain & Company's report. Investment in India SaaS went up by 20 per cent last year compared to 2021, and reached an all-time high of $5.1 billion, according to the report. This was driven b...
Indian SaaS firms to reach $35 bn in revenue in 5 years
Indian SaaS firms to reach $35 bn in revenue in 5 years
Source: IANS
24/01/2023 2:46:36 PM
Digital lending platform Biz2X plans to hire 250 people in India Biz2X, a subsidiary of Biz2Credit in India, on Thursday announced its plans to hire 250 people by next year. The digital lending software-as-a-service (SaaS) platform recruited 220 people in 2022 across its India office, in addition to 30 contractual staff members. Biz2X said it will hire personnel in the middle management roles with experience and expertise in domains such as data science, product development and management, front-end and back-end operations, among others. The platf...
Digital lending platform Biz2X plans to hire 250 people in India
Digital lending platform Biz2X plans to hire 250 people in India
Source: IANS
24/11/2022 8:14:19 PM
SAP Labs partners Capgemini to nurture SaaS startups in India SAP Labs India on Wednesday announced a partnership with IT firm Capgemini in India to help early and growth stage software-as-a-service (SaaS) startups develop innovative solutions for customers globally. The 'Cohort 2022' programme, launching on September 29 in Bengaluru, will see close to 25 curated start-ups participate in a two-day event. "The objective is to develop a vibrant start-up community to deliver value to clients by scaling innovative solutions. Our innovatio...
SAP Labs partners Capgemini to nurture SaaS startups in India
SAP Labs partners Capgemini to nurture SaaS startups in India
Source: IANS
28/09/2022 3:09:11 PM
Higher awareness key to India becoming next global SaaS capital While India is poised to become the global software-as-a-service (SaaS) capital over the next few years, 50 per cent of the technology providers said driving higher awareness for SaaS products continues to be a prerequisite for customer acquisition, a report said on Thursday. Over 80 per cent of the SaaS promoters feel there is the need to build a robust talent pool, according to the EY-CII study. While the landscape is mainly driven by small and medium businesses with a focus on large ...
Higher awareness key to India becoming next global SaaS capital
Higher awareness key to India becoming next global SaaS capital
Source: IANS
26/08/2022 10:34:04 AM
Haryana to promote textile through MSMEs Haryana Deputy Chief Minister Dushyant Chautala on Tuesday said the state government will also promote the textile industry through MSMEs so that more and more youth can get employment. For this, Haryana Atmanirbhar Textile Policy 2022 will be implemented soon. The Deputy Chief Minister gave this information after a meeting held in New Delhi to discuss the draft prepared for the policy. Earlier, Chautala presided over a meeting of the Cabinet Sub-Committee regarding the draft of Hary...
Haryana to promote textile through MSMEs
Haryana to promote textile through MSMEs
Source: IANS
26/07/2022 4:39:52 PM