SaaS Startup Codebuddy Bags Strategic Investment From INT.

Software-as-a-service (SaaS) startup Codebuddy has received a strategic investment from INT. (Indus Net Technologies).  

Through this investment deal, INT. plans to use Codebuddy’s SaaS offerings and render them to its non-enterprise customers.

Founded in 2018 by Abhishek Gupta and Sudipta Bhowmick, Codebuddy offers B2B services such as software and product development, talent-augmenting strategic partnerships, and remote development team; where it helps businesses hire virtual teams.

“Codebuddy has a proven track record of creating innovative solutions for businesses. While INT. does not look beyond enterprise clients, Codebuddy extends our network and enables our vision to help organisations across diverse industries and geographies,” said, Abhishek Rungta, founder and CEO of INT.

CodeBuddy said that it offers sustainable business solutions to its clientele for traditional and emerging business problems.

The startup claims to have serviced more than 100 businesses working in sectors such as SaaS, insurance, edtech and legaltech.

“Joining forces with an industry leader like INT. will propel it further, with their experience in the Enterprise sector being a great value addition, in us realising that vision much faster than we imagined,” said Abhishek Gupta, cofounder of Codebuddy.

The startup aims to grow its business 10x in the next three years.

As per the startup’s website, its clients include INT., RushAnswer, ExpiTrack, Tattva, LiveNotary and PandaDoc, among others.

Codebuddy operates in India’s SaaS sector, which is expected to become a $30 Bn market by 2025, according to a Bain & Co report. The sector is set to capture 9% of the global SaaS market by 2025.

UserStudy, BizeeBuy, Amagi, Toplyne, BarRaiser, OSlash and WebEngage are some of the startups operating in the SaaS space. 

Recently, BizeeBuy received strategic investment from lendingtech startup Indifi. In November, Amagi secured $79 Mn funding from General Atlantic and in September, UserStudy garnered $1 Mn pre-seed funding from Better Capital, Sparrow VC, Maninder Gulati, Good Capital, and a few angel investors.

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