![]() ![]() ![]() Shoot us an email if you’re already on Clubhouse and would like to join the discussion. We also explore ESG in Private Equity, Justin Kan’s lessons from Atrium, and lots more.Īn Update: We will be hosting a Clubhouse discussion-room on the ‘North Star Metric’ and growth strategies next week. In this issue, we try to provide some historical and global context into the Indian SaaS space and decode the various strains of the Indian SaaS industry. Thanks to companies like Zoho, SaaS companies founded by Indian entrepreneurs are poised to reach between $18 billion and $20 billion in revenue, with the potential to capture a 7%-9% share of the global SaaS market by 2022, according to a Bain report. Forbes even wrote a profile of co-founder Sridhar Vembu and called him “The Bootstrapped Buddhist.” The company never raised VC funding, which is almost unheard of at their scale - they reported a profit of INR 516 crore in the financial year 2019. Quite radical isn’t it? Then again, Zoho has always done things differently. Zoho University’s strategy? Hire talented young adults from low-income households, like Babu, straight out of class 12, and train them to build software products in India for the world. Soon after, Babu became one of six young people recruited into what would become the first batch of trainees at Zoho University. ![]() His father was in a tough spot, fighting diabetes and working long hours operating a printing press machine to keep the family afloat. In 2005, Babu was trying to finish his class 12 at a local government-run “corporation school” and get a job. Good morning and welcome to the thirty-eight edition of The Skeptic Investor! ![]()
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