The Australian start-up ecosystem is currently in growth phase, with entrepreneurs envisioning and building global SaaS companies, such as Atlassian, Canva, Deputy, Culture Amp etc. Software as a Service (SaaS) remains the largest market segment and is forecast to reach A$8.1 billion in Australia by 2023.
The global SaaS market is predicted to reach $400 billion by 2025, with leading reports suggesting that Indian SaaS companies are expected to garner 5-10% of the global share, taking the Indian SaaS market up to an expected $13-15 billion in revenues by 2025.
We are anchoring our thesis on “Why India-based SaaS play” based on these four core market factors.
1. Funding gap of 3-5X that could be addressed through an operator VC model
2. Availability of talent across Engineering, Product Management, and Sales
3. Cost advantage to ascertain a Product Market Fit (PMF)
4. Investment thesis and Cheque size
Our fund will invest in some of the ambitious entrepreneurs across both these markets and help them build scalable, profitable, and sustainable SaaS companies that creates more jobs and contribute to their respective economies.