News > Funding in SaaS startups up 5 times YoY, to $500 million, in November 2022
Funding in SaaS startups up 5 times YoY, to $500 million, in November 2022
08/12/2022 03:22 PM | Click to read full article
Despite the tight macroeconomic pressure and a funding crunch, Indian Software-as-a-Service (SaaS) startups have raised more than $500 million in November 2022 -- up nearly five times from the same month last year. “Overall, even at Together Fund, we are seeing more SaaS deals than before. This is despite the downturn in the economy, especially in the global market.” said Manav Garg, founding partner at Together Fund and cofounder of Eka Software Solutions.
