CIO Insider

CIOInsider India Magazine

  • Samved Bharadwaj,   CEO, CREDMITRA

    Samved Bharadwaj, CEO, CREDMITRA

  • CREDMITRA is focused on simplifying the lending business within the financial service industry. Credit is instrumental in the economic empowerment and upliftment of individuals, corporations and nations. Unfortunately, a large segment of the Indian population is not yet integrated into the fold and continues to remain isolated. CREDMITRA solutions are geared towards developing an Ecosystem that will enable easier and greater access to credit. Our solutions are built as an integrated platform helping Financial institutions to slice & dice usage, based on specific gaps in the lending cycle. We have leveraged cutting-edge technologies to develop algorithms and solutions for the different stages of the lifecycle of loans.

  • Credmitra Innovations: Creating AI-Powered Solutions For Instant Loan Processing

A Favorable Climate for SaaS-tups

By: Sujith Vasudevan, Managing Editor

Thanks to the ease of adoption of the latest technologies, the once-complex business problems now have simpler, faster solutions. As a result, new businesses are mushrooming across different

Top Eight Tech Trends to Watch in 2023

By: Thompson P. Gnanam, MD & Global CEO, 3i Infotec

As another eventful year comes to an end, we look to what the year 2023 holds for us. While the macro economic issues facing the globe are of worry, not all is gloom and there are upsides too, especially around

10 Most Recommended SaaS Startups - 2023

Pharma Companies: How to Protect Your Intellectual Property?

By: Filip Cotfas, Channel Manager, CoSoSys

Intellectual property (IP) is a crown jewel asset class of pharmaceutical companies. Threat actors prize pharma IP because of its high



By: Ashish Bansal, Director/Sr. Principal, Global Products & Technology Operations Leader, GSK

The ERP software helps to manage various financial and manufacturing activities like accounting, cash flow, supply chain, logistics


The Rise Of The Insurtech Ecosystem For Frictionless Consumer Journey

By: Saurabh Tiwar, Chief Technology Officer,

Insurance has traditionally functioned through various offline channels. However, it has now


Blockchain, An Emerging Technology for Logistics & Supply Chain

By: Bright P, Head IT, ICTSI South Pacific

The modern world is constantly changing. Innovations are introduced into various fields of human activity, which, on the one hand, orients


Digital ecosystem build

By: Srivaths Varadharajan, Global Fintech & Digitech Evangelist

Digital experience defines the need for engagement with 360 degree approach cutting across all interfaces.Usually business with

  • 10 Most Recommended SaaS Startups - 2023

    Shaping Global SaaS Capital

    India is expected to become a global leader in SaaS (Software-as-a-Service), propelled by factors like a large talent pool, enabling policies, increased access to capital, high market demand from SME firms. According to a report by venture capital firm Bessemer Venture Partners, the Indian SaaS market value is projected to reach $50 billion by 2030. SaaS is one of the leading segments among Indian Startups. The businesses in India are prioritising digital transformation and IT modernisation, for increasing the competitiveness and efficiency of business operations. Considering the greater weightage business are giving to their cloud migration strategies, the following are some predicted areas for adopting SaaS for operations.

    Collaboration Tools- As the hybrid work model is wearing off, a model, hybrid flexible form of hybrid model will be implemented, that incorporates location flexibility, will be wildly successful if executed and managed right. Hence the demand for online collaboration suites, that streamline both synchronous and asynchronous communication and also enable contextual tie-ins for users both remote and in office, will increase.

    Interoperability over Integration- In coming years, the early SaaS adopters will go beyond in tegrated multi product agglomeration and prefer ‘interoperability over integration’, which are unified cloud platforms that support interoperable SaaS offerings.

    As more business experiment new age technologies such as AI, Blockchain and others, as part of their cloud strategies, there will be wide demand for SaaS deployments. To keep up with this market demand, a lot of industrial R&D in areas such as machine learning, computer vision, and NLP will result in modern SaaS apps being equipped with advanced capabilities to improve CX/EX. Since data security is a matter of outmost importance in business, SaaS providers would invest more on data centre security, regulatory compliance, DevOps security, internal communications, privileged access control, and privacy-enhancing technologies, thus ensuring the safety.

    CIO Insider in this issue presents a list of ’10 Most Recommended SaaS Startups – 2023’ who have leveraged their extensive industry expertise and experience in bringing innovative solutions to business. The following list has been prepared after being closely scrutinized by a distinguished panel of judges including CXOs, analysts and our editorial board.

10 Most Recommended SaaS Startups - 2023

Company Logo Company Name Company Management Company Description
Credmitra Innovations: Creating AI-Powered Solutions For Instant Loan Processing Credmitra Samved Bharadwaj, CEO Provides solutions built with a focus of directly impacting the bottom line of financial institutions by helping scale, improving efficiency and reducing bad loans
Eightfold Eightfold Ashutosh Garg, Co-Founder & CEO Leverages AI-based talent intelligence solutions for enterprises, that off e features for talent management to engage employees in career development and talent acquisition
Facilio Facilio Prabhu Ramachandran, Founder An AI-driven property operations platform helps real estate owners and operators aggregate hard-to-access building data, optimize performance, and control portfolio operations
Freshworks Freshworks Girish Mathrubootham, Founder & CEO Imparts an improved customer engagement solution for organizations and developed a powerful cloud-based suite that engage with the customers at every step of their journey
Infisolve: Partnering with Life Science Industry to Ensure Technology Requirements are Scaled up to Meet Business Objectives Infisolve Milind Malshe, Founder & CEO Offers around 80 intelligent dashboards and six adhoc reports that give great insights into business from every role’s perspective
Keka Keka Jayati Pardhy, Head - Human Resources Making people management simple for small & medium businesses across the globe through its uniqe offerings
Knorish Knorish N. Sacchdev, Co-Founder & CEO One-stop solution that helps anyone build their website, start selling courses, webinars memberships and subscriptions as well
playtonia playtonia Abhijit Pattanaik, Co-Founder A platform for E-sport which unite gamers, E-sport Event Organizers and different businesses
ThoughtSpot ThoughtSpot Ajeet Singh , Co-Founder & Executive Chairman An AI-driven analytics platform makes it simple for any organization to ask and answer questions with data
Vectorised Ai Labs Vectorised Ai Labs Vibhor Varshney, Co-Founder Offers developer-friendly product discovery and image search APIs to the e-Commerce businesses

Past Issues

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    Rakhi Wadhwa, Co-Founder

    Kinner N Sacchdev, Co-Founder