India Private Equity Report 2020 by Bain and Co., along with Indian Private Equity and Venture Capital Association (IVCA). In an interview, Sridhar Vembu, chief executive officer, Zoho Corp., a SaaS firm, spoke about how the pandemic may impact the industry, need for financial prudence and the challenging times ahead.
Edited excerpts:What kind of changes will SaaS companies witness due to the covid crisis?The worldwide SaaS industry was already overcrowded, and ripe for consolidation.
That was also true in India. The pandemic may force that consolidation wave. Second, venture capital (VC) funding becomes tighter, as VCs become much more cautious.