India is big. India is diverse. India is clustered. I see this clustering happening in the software product industry, too. Something significant has happened in the last five years in Chennai. A large number of B2B SaaS (Software as a Service) product companies have emerged successfully in gaining solid customer momentum and investor confidence by securing millions of dollars in venture money.
Little did Sridhar Vembu and his team at Zoho realise that they were sowing the seeds for this many, many years ago. Zoho itself was initially built as a challenger to Google Apps, and it has gone beyond that now. It is rumoured that Zoho has close to USD 200 million dollars in annual revenue.
Read the full article by Suresh Sambandam, CEO of KiSSFLOW is a business process management and workflow automation software, was launched at Google IO and has gained 10,000 customers across 108 countries.