About SaaS sector in Asia
The SaaS sector in Asia comprises 55.6K companies, including 9.69K funded companies having collectively raised $140B in venture capital money and private equity. Out of these, 3.5K are Series A+ funded, and 94 have achieved unicorn status.
SaaS sector in Asia has seen 1.01K acquisitions and 370 IPOs.
This sector includes companies providing cloud-based, multi-tenant and subscription or on-demand B2B software applications.
All B2B software that offers cloud-based, multi-tenant solutions for business functions like Marketing, HR, Sales, Business Intelligence, etc are included in this sector. 1. All On-premise B2B software are excluded. 2. All companies that do not offer their own proprietary software are excluded. 3. Services and Consulting firms are also excluded. 4. Resellers are also excluded.
Top SaaS Companies in Asia
There are 55,550 SaaS startups in Asia which include Razorpay, Shiprocket, Wix, Xendit, Mygate. Out of these, 9,687 startups are funded, with 3,498 having secured Series A+ funding, and 94 achieving unicorn status.
Over the past 10 years, an average of 2,888 new companies have been launched annually. Notably, several of these startups have been founded by alumni of BITS Pilani, Tel Aviv University and IIT Bombay.
Here is the list of top SaaS startups in Asia
1. Razorpay
Provider of payment gateway, business banking, payroll, and credit solutions. The company offers various tools for payment acceptance, automated payroll processing, and business banking. It facilitates international payments and provides options for in-store transactions. The company provides credit and loan services.
Key facts about Razorpay
- Founded Year: 2014
- Location: Bengaluru (India)
- Stage: Series F
- Total Funding till date: $742M
- Investors: Peak XV Partners, GIC and 35 Others
- Latest Funding Round: Series F, Dec 19, 2021, $*****
- Tracxn Score: 85/100 What is this?
- Competitors Rank: 1 of 600 Competitors
2. Shiprocket
Provider of eCommerce tools for shipping, marketing, and financial services. The company offers solutions for domestic and cross-border shipping, order fulfillment, and local delivery. AI-enabled products include checkout, customer engagement, and data analytics. Financial services and credit score tools are also available.
Key facts about Shiprocket
- Founded Year: 2012
- Location: Gurugram (India)
- Stage: Series E
- Total Funding till date: $349M
- Investors: Temasek, Bertelsmann India Investments and 63 Others
- Latest Funding Round: Series E, Dec 23, 2024, $*****
- Tracxn Score: 85/100 What is this?
- Competitors Rank: 1 of 1,285 Competitors
3. Wix
Provider of tools for website creation, hosting, and business management. It offers features such as website templates, an AI website builder, and domain name registration. The platform provides solutions for eCommerce, scheduling, restaurant management, and blogging. It also includes tools for payment processing, mobile app management, CRM, and website analytics. The platform offers resources for agencies, freelancers, and enterprise businesses.
Key facts about Wix
- Founded Year: 2006
- Location: Israel
- Stage: Public
- Total Funding till date: $53.5M
- Investors: Bessemer Venture Partners, Mangrove Capital Partners and 11 Others
- Latest Funding Round: Post IPO, Sep 16, 2022, $*****
- Tracxn Score: 84/100 What is this?
- Competitors Rank: 1 of 2,068 Competitors
4. Xendit
Online payment and money transfer platform for businesses. The company serves commerce startups to large enterprises enabling businesses to accept payments, disburse payroll, run marketplaces, and more. Payments can be accepted via multiple channels including direct debit, virtual accounts, credit and debit cards, e-wallets, retail outlets, online installments, and more. Application is made available on Android and iOS platforms.
Key facts about Xendit
- Founded Year: 2015
- Location: Jakarta (Indonesia)
- Stage: Series D
- Total Funding till date: $533M
- Investors: Accel, Insight Partners and 27 Others
- Latest Funding Round: Series D, Sep 07, 2022, $*****
- Tracxn Score: 83/100 What is this?
- Competitors Rank: 2 of 446 Competitors
5. Mygate
Provider of community management software, ERP, and security solutions. The platform offers features for resident communication, visitor management, accounting, and facility bookings. It aims to streamline operations for residential communities and enhance security protocols. The software provides tools for managing accounts, support tickets, and community-wide communications.
Key facts about Mygate
- Founded Year: 2016
- Location: Bengaluru (India)
- Stage: Series B
- Total Funding till date: $83.3M
- Investors: Monteverdi, Urban Company and 48 Others
- Latest Funding Round: Series B, Apr 19, 2023, $*****
- Tracxn Score: 82/100 What is this?
- Competitors Rank: 1 of 615 Competitors
Companies founded year-on-year in the SaaS sector in Asia
5,506 SaaS startups in Asia were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 738 |
2024 | 1,910 |
2023 | 2,821 |
2022 | 2,736 |
2021 | 3,797 |
2020 | 5,506 |
2019 | 4,302 |
2018 | 3,616 |
2017 | 3,457 |
Stage-wise distribution of SaaS sector companies in Asia
Out of the total 55,550 SaaS companies in Asia, 9,687 have secured funding. Among them, 3,498 have reached Series A or higher, and 2,322 to Series B or beyond.
Founded - 55,550
Funded - 9,687
Series A+ - 3,498
Series B+ - 2,322
Series C+ - 1,806
Company Stage | No. of companies |
|---|---|
Founded | 55,550 |
Funded | 9,687 |
Series A+ | 3,498 |
Series B+ | 2,322 |
Series C+ | 1,806 |
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Funding Trends in the SaaS sector in Asia
Total funding year-on-year in the SaaS sector in Asia
The SaaS sector in Asia saw a total funding of more than $121B in the last 10 years. The most amount of funding was in 2021 at more than $28.9B. There has been a total funding of $53.2M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $53.2M |
2025 | $9.46B |
2024 | $7.31B |
2023 | $6.36B |
2022 | $18.4B |
2021 | $28.9B |
2020 | $11.5B |
2019 | $10.5B |
2018 | $19.2B |
2017 | $9.2B |
Recent Funding Rounds in SaaS in Asia
In the year 2026, till January 2026, SaaS companies in Asia have raised $53.2M in equity funding across 10 rounds.
In the same period last year (i.e. till January 2025), SaaS companies in Asia had raised $349M across 75 rounds.
So, 2026 has seen a 84.78% drop in funding in SaaS companies in Asia as compared to 2025.
Here are some recent, important funding rounds in SaaS companies in Asia:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Angel | 5546 | Jan 09, 2026 | - | |
Series A | 8340 | Jan 08, 2026 | ||
Seed | 9212 | Jan 08, 2026 | ||
Seed | 7339 | Jan 08, 2026 | ||
Seed | 5424 | Jan 07, 2026 |
Top Investors in SaaS in Asia
Accel is the top investor in SaaS companies in Asia based on number of companies invested.
Here are some top investors in SaaS companies in Asia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Palo Alto (United States) | ||
Ho Chi Minh City (Vietnam) | ||
Sunnyvale (United States) | ||
Redwood City (United States) | ||
Menlo Park (United States) |
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M&A activity in SaaS sector in Asia
In the year 2026, till January 2026, 3 acquisitions happened in SaaS sector in Asia. Last year, in 2025, a total of 95 acquisitions happened in SaaS sector in Asia.
Here are some recent, important acquisitions in SaaS sector in Asia:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jan 06, 2026 | ||
Business Acquisition | Jan 06, 2026 | ||
Business Acquisition | Jan 04, 2026 | ||
Business Acquisition | Dec 30, 2025 | ||
Business Acquisition | Dec 10, 2025 |
Acquisition trends in SaaS sector in Asia
Here are the acquisition trends in SaaS sector in Asia:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 3 |
2025 | 95 |
2024 | 96 |
2023 | 85 |
2022 | 133 |
2021 | 126 |
2020 | 69 |
2019 | 92 |
2018 | 67 |
2017 | 61 |
IPOs in SaaS in Asia
In the year 2026, till January 2026, 1 IPO happened in SaaS sector in Asia.
Here are some recent, important IPOs in SaaS sector in Asia:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Jan 02, 2026 | Hong Kong Exchanges (HKG) | |
Dec 30, 2025 | Hong Kong Exchanges (HKG) | |
Dec 24, 2025 | Tokyo Stock Exchange (TYO) | |
Dec 11, 2025 | Korea Exchange (KRX) | |
Nov 26, 2025 | National Stock Exchange (NSE), Bombay Stock Exchange (BSE) |
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Colleges which produce the most SaaS companies in Asia
Companies founded by alumni from top colleges in the SaaS in Asia
Most number of SaaS startups in Asia have been founded by alumni from BITS Pilani, Tel Aviv University and IIT Bombay.
College | No. of companies |
|---|---|
BITS Pilani | 420 |
Tel Aviv University | 418 |
IIT Bombay | 338 |
IIT Delhi | 318 |
IIT Kharagpur | 269 |
IIT Kanpur | 233 |
IIT Madras | 231 |
National University of Singapore (NUS) | 226 |
IIM Bangalore | 204 |
IIM Ahmedabad | 190 |
Total funding in SaaS companies founded by alumni from top colleges in Asia
In the last 10 years, Tel Aviv University graduates' SaaS companies in Asia have raised the most funding among top colleges. Technion Israel Institute Technology alumni are second, and IIT Bombay alumni are third.
College | Total Funding |
|---|---|
Tel Aviv University | $12.2B |
Technion Israel Institute Technology | $5.07B |
IIT Bombay | $4.47B |
IIT Delhi | $4.07B |
IIT Kharagpur | $3.11B |
BITS Pilani | $2.98B |
IIM Ahmedabad | $2.98B |
Harvard University | $2.81B |
Harvard Business School | $2.39B |
Massachusetts Institute of Technology | $2.38B |
Top News in SaaS in Asia
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Sweetener maker Manus democratizes monk fruit availability with fermentation in Augusta, Ga.FoodNavigator-USA•Jan 06, 2026•Manus
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Speciale Invest floats Rs 1,400 Cr fund to back deep-tech startupsEntrackr•Dec 18, 2025•Speciale Invest, Digantara
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Hong Kong's OSL Group to Offer U.S.-Regulated Stablecoin with Anchorage DigitalCoinDesk•Dec 11, 2025•OSL
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Tpay Secures License to Offer Direct Mobile Payments for Government Services in EgyptGlobeNewswire•Dec 11, 2025•TPAY MOBILE
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Acronis Partners with Synology to Deliver Three-Year AccessibilityGlobeNewswire•Dec 09, 2025•Acronis, Synology
