BENGALURU: India’s software startups are seeing a rise in demand for collaboration and employee productivity tracking tools as well as data protection services as most corporate employees are working from home amid the covid-19 lockdown.
Even as some services, including video conferencing provider Zoom and collaboration software Slack, have seen a huge increase in users over the past few weeks, Indian software or SaaS (software as a service) startups expect a decline in revenues as companies reduce overall spending.
Vertical SaaS companies that sell to speciality sectors like hospitality, travel, food and other sectors have been hit the most, said Girish Mathrubootham, founder and chief executive officer of India’s most valuable SaaS firm