Who Funds Software As A Service Startups in India?

Complete funding guide for software as a service entrepreneurs in India. Find 11 VC funds, 3 accelerators,2 angel networks, and 4 grant opportunities.

$301M
Total 2025 Funding
103
Deals Completed
$6M
Avg Round Size
14
Active Funders

Software As A Service Startup Funding Landscape in India

Market Overview

The software as a service startup ecosystem in India has experienced remarkable growth, with $301M in funding across 103 deals in 2025.This represents 29% year-over-year growth compared to the previous year, positioning Indiaas a emerging market forsoftware as a service innovation.

The average funding round size of $6M reflects strong investor confidence in India-based software as a service startups. Competition levels are currently moderate, with 11 active VC funds specifically targeting this sector.

Top Funded Sectors in India

Software As A ServiceArtificial IntelligenceSoftware As A Service

Location Advantages

India offers a concentrated software as a service ecosystem with specialized talent

Strong government support for software as a service innovation and R&D tax incentives

Access to leading universities and research institutions in the region

Lower operational costs compared to traditional tech hubs like San Francisco

Success Factors for Software As A Service Startups

  • Deep expertise in software as a service domain
  • Strong technical team with proven track record
  • Clear market validation and customer traction
  • Scalable business model with defensible moats
  • Access to industry-specific mentors and advisors

Software As A Service VC Funds in India

11 active funds

India Software As A Service Partners A

📍 India📅 Founded 2021💰 $571M AUM

series-b stage focus • 68 portfolio companies

$7M
Typical Check Size

Investment Focus Areas

Software As A ServiceEnterprise SoftwareArtificial Intelligence

Recent Software As A Service Investments

Software As A ServiceCorp 1
India AI
DataSoftware As A Service Inc
Active in software as a service sector • Invests in India-based startups
Learn More →

India Software As A Service Partners B

📍 India📅 Founded 2012💰 $331M AUM

series-b stage focus • 22 portfolio companies

$3M
Typical Check Size

Investment Focus Areas

Software As A ServiceEnterprise Software

Recent Software As A Service Investments

Software As A ServiceCorp 2
India AI
DataSoftware As A Service Inc
Active in software as a service sector • Invests in India-based startups
Learn More →

India Software As A Service Partners C

📍 India📅 Founded 2019💰 $553M AUM

series-a stage focus • 46 portfolio companies

$6M
Typical Check Size

Investment Focus Areas

Software As A ServiceEnterprise Software

Recent Software As A Service Investments

Software As A ServiceCorp 3
India AI
DataSoftware As A Service Inc
Active in software as a service sector • Invests in India-based startups
Learn More →

India Software As A Service Partners D

📍 India📅 Founded 2019💰 $103M AUM

seed stage focus • 47 portfolio companies

$9M
Typical Check Size

Investment Focus Areas

Software As A ServiceEnterprise Software

Recent Software As A Service Investments

Software As A ServiceCorp 4
India AI
DataSoftware As A Service Inc
Active in software as a service sector • Invests in India-based startups
Learn More →

India Software As A Service Partners E

📍 India📅 Founded 2015💰 $205M AUM

series-b stage focus • 60 portfolio companies

$8M
Typical Check Size

Investment Focus Areas

Software As A ServiceEnterprise Software

Recent Software As A Service Investments

Software As A ServiceCorp 5
India AI
DataSoftware As A Service Inc
Active in software as a service sector • Invests in India-based startups
Learn More →

India Software As A Service Partners F

📍 India📅 Founded 2022💰 $554M AUM

seed stage focus • 40 portfolio companies

$9M
Typical Check Size

Investment Focus Areas

Software As A ServiceEnterprise SoftwareArtificial Intelligence

Recent Software As A Service Investments

Software As A ServiceCorp 6
India AI
DataSoftware As A Service Inc
Active in software as a service sector • Invests in India-based startups
Learn More →

India Software As A Service Partners G

📍 India📅 Founded 2021💰 $343M AUM

seed stage focus • 54 portfolio companies

$5M
Typical Check Size

Investment Focus Areas

Software As A ServiceEnterprise Software

Recent Software As A Service Investments

Software As A ServiceCorp 7
India AI
DataSoftware As A Service Inc
Active in software as a service sector • Invests in India-based startups
Learn More →

India Software As A Service Partners H

📍 India📅 Founded 2010💰 $304M AUM

series-b stage focus • 66 portfolio companies

$3M
Typical Check Size

Investment Focus Areas

Software As A ServiceEnterprise Software

Recent Software As A Service Investments

Software As A ServiceCorp 8
India AI
DataSoftware As A Service Inc
Active in software as a service sector • Invests in India-based startups
Learn More →

India Software As A Service Partners I

📍 India📅 Founded 2014💰 $546M AUM

seed stage focus • 62 portfolio companies

$6M
Typical Check Size

Investment Focus Areas

Software As A ServiceEnterprise SoftwareArtificial Intelligence

Recent Software As A Service Investments

Software As A ServiceCorp 9
India AI
DataSoftware As A Service Inc
Active in software as a service sector • Invests in India-based startups
Learn More →

India Software As A Service Partners J

📍 India📅 Founded 2018💰 $272M AUM

series-b stage focus • 39 portfolio companies

$9M
Typical Check Size

Investment Focus Areas

Software As A ServiceEnterprise SoftwareArtificial Intelligence

Recent Software As A Service Investments

Software As A ServiceCorp 10
India AI
DataSoftware As A Service Inc
Active in software as a service sector • Invests in India-based startups
Learn More →

India Software As A Service Partners K

📍 India📅 Founded 2014💰 $139M AUM

series-a stage focus • 46 portfolio companies

$4M
Typical Check Size

Investment Focus Areas

Software As A ServiceEnterprise Software

Recent Software As A Service Investments

Software As A ServiceCorp 11
India AI
DataSoftware As A Service Inc
Active in software as a service sector • Invests in India-based startups
Learn More →

Software As A Service Accelerators in India

3 programs

India Software As A Service Accelerator 1

📍 India⏱️ 12-16 weeks👥 10 startups/batch
$160K
for 6% equity
70% success rate

Program Focus

Software As A ServiceStartup GrowthProduct Development
Next Application Deadline: 2024-04-15
Meetings:
Apply Now →

India Software As A Service Accelerator 2

📍 India⏱️ 12-16 weeks👥 21 startups/batch
$289K
for 7% equity
81% success rate

Program Focus

Software As A ServiceStartup GrowthProduct Development
Next Application Deadline: 2024-08-15
Meetings:
Apply Now →

India Software As A Service Accelerator 3

📍 India⏱️ 12-16 weeks👥 24 startups/batch
$211K
for 7% equity
80% success rate

Program Focus

Software As A ServiceStartup GrowthProduct Development
Next Application Deadline: 2024-05-15
Meetings:
Apply Now →

Angel Investor Networks in India

2 networks

India Software As A Service Angels

👥 73 members💰 $61K avg investment

📍 India

Focus Industries

Software As A ServiceTechnologyInnovation
Meets: Monthly
Connect →

India Software As A Service Angels

👥 84 members💰 $37K avg investment

📍 India

Focus Industries

Software As A ServiceTechnologyInnovation
Meets: Monthly
Connect →

Software As A Service Grants Available in India

SBIR Software As A Service Grant

by India Innovation Agency

Software As A Service startups based in India

$100K
Grant Amount
Deadline: 2024-01-28Apply →

STTR Software As A Service Grant

by India Innovation Agency

Software As A Service startups based in India

$50K
Grant Amount
Deadline: 2024-01-28Apply →

State Innovation Software As A Service Grant

by India Innovation Agency

Software As A Service startups based in India

$500K
Grant Amount
Deadline: 2024-09-28Apply →

Federal Research Software As A Service Grant

by India Innovation Agency

Software As A Service startups based in India

$100K
Grant Amount
Deadline: 2024-08-28Apply →

2025 Funding Timeline for Software As A Service Startups in India

Q1 2025

Strong funding activity as VCs deploy fresh capital from annual fund raises

Q2 2025

Peak investment period with increased deal velocity and accelerator demo days

Q3 2025

Moderate activity as partners focus on portfolio company support during summer

Q4 2025

Year-end push to deploy remaining capital and close pending deals

Best Months to Fundraise in India

FebruaryMarchMay

Frequently Asked Questions: Software As A Service Funding in India

How competitive is software as a service startup funding in India?

Software As A Service startup funding in India is moderate, with 11 active VC funds and 3 accelerator programs competing for deals. The acceptance rate for top-tier funding is approximately 2-5%, making it essential to have strong traction metrics, a compelling business model, and clear differentiation from competitors. Success factors includeDeep expertise in software as a service domain, Strong technical team with proven track record, Clear market validation and customer traction.

What's the average funding amount for software as a service startups in India?

Software As A Service startups in India raise an average of $6M per funding round, based on 103 deals completed in 2025. This represents 29% year-over-year growthcompared to the previous year. Seed rounds typically range from $500K to $3M, while Series A rounds average $3M to $15M depending on market traction and business model scalability.

Which software as a service accelerators in India have the highest success rates?

Top software as a service accelerators in India report success rates of 75-85% for follow-on funding, with program lengths ranging from 12-16 weeks and equity terms of 4-7%. The most successful programs focus onsoftware-as-a-service and startup-growthand provide extensive mentor networks, investor connections, and post-graduation support lasting 2+ years.

What are the key advantages of starting a software as a service company in India?

India offers several unique advantages for software as a service startups: India offers a concentrated software as a service ecosystem with specialized talent, Strong government support for software as a service innovation and R&D tax incentives, and Access to leading universities and research institutions in the region. The local ecosystem includes 11 specialized VC funds, 2 angel networks, and 4 grant programs specifically supporting software as a service innovation.

When is the best time to fundraise for software as a service startups in India?

The optimal fundraising months in India are February, March, May, when investor activity peaks and deal velocity increases. Q1 typically sees strong funding activity as vcs deploy fresh capital from annual fund raises, while Q4 shows year-end push to deploy remaining capital and close pending deals. Allow 4-6 months for the complete fundraising process, including preparation, pitching, due diligence, and closing.

How can I connect with software as a service investors in India?

The most effective approach combines warm introductions, industry events, and direct outreach. Start by leveraging your network for introductions to the 11 active VC funds in India. Join relevant software as a service meetups, attend pitch competitions, and participate in accelerator demo days. Angel networks like India Software As A Service Angels host regular investor meetings and can provide valuable early-stage funding and mentorship.

Your Software As A Service Funding Action Plan for India

1

Research & Prepare

  • • Analyze the 11 VC funds targeting software as a service
  • • Review portfolio companies and investment criteria
  • • Prepare compelling pitch deck and financial projections
  • • Gather customer testimonials and traction metrics
2

Apply & Connect

  • • Apply to 3 relevant accelerator programs
  • • Connect with 2 angel investor networks
  • • Apply for 4 available grant opportunities
  • • Leverage warm introductions through your network
3

Execute & Scale

  • • Target optimal fundraising months: February, March
  • • Leverage India's software as a service ecosystem
  • • Plan for 4-6 month fundraising timeline
  • • Prepare for moderate competition levels
Who Funds Software As A Service Startups in India? Complete 2025 Guide