According to Indian Software Products Industry Index – B2B, compiled by software products think tank iSPIRT, India’s top 30 B2B software product companies are currently valued at over $10.25 Bn (INR 65,500 crores) and employ over 21,000 people.
The index has grown 20% in USD terms and 28% in INR terms from October 30, 2014 to June 30, 2015.
Infographic of Top 30 companies included in Indian Software Products Industry Index – B2BThere are six new entrants in the list including Accelya Kale, BrowserStack, CRMnext, Indix, InMobi and Knowlarity. The list also features public companies such as Accelya Kale and Ramco.
The report highlights that there has been an acceleration of creating B2B companies since 2010.
- Top 30 startups employ about 21,200 people.
- About 43% of the companies are bootstrapped
- 16 featured companies were started after 2005; 10 between 2005 and 2009,pointing to an increase in the creation of B2B companies.
*Large number of companies started in the 90s and 2000s are not featured in the Index as they have not scaled.
Dev Khare, Managing Director of Lightspeed India Partners Advisors and Fellow and volunteer at iSPiRT, said,