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🚨Global management consulting and strategy advisory firm Zinnov and venture capital firm Chiratae Ventures on Tuesday marked down 2026 revenue projections of the Indian software-as-a-service (#Saas) startups from $100 billion to $26 billion in its latest annual report.
The report, titled India #SaaSonomics: Navigating Growth and Efficiency, said that concerns of a recession loom large for the Indian #SaaS industry, but that it has displayed remarkable antifragility to withstand turbulent times.
The report indicated three challenges plaguing the industry -- customer churn, customer demand slowdown and delayed sales cycles, and downward pressure on cash flows caused by macroeconomic headwinds.
