The Neon Show
Top SaaS startups to watch in 2023 with Alok Goyal, Partner, Stellaris Venture Partners
Jan 9, 2023
Alok Goyal, a Partner at Stellaris Venture Partners, brings deep insights into the Indian SaaS market. He discusses the explosive growth expected in this sector, with a compound annual growth rate of 22.5% until 2025. Alok highlights the transformation of SaaS in India, detailing success stories like Whatfix and the increasing number of $100 million ARR companies. He also shares how his investment thesis has evolved, focusing on AI automation startups and the importance of reducing burn rates. Tune in for a deep dive into the future of SaaS entrepreneurship in India!
01:03:04
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Quick takeaways
- The Indian SaaS market is expected to grow significantly, driven by cloud adoption and government support for startups.
- Founders are encouraged to show adaptability and unique problem-solving insights, shifting focus from prior knowledge to innovative solutions.
Deep dives
Investment Approach to Founders
Backing new or emerging categories is crucial for investors, as this creates opportunities for unique solutions. Founders are encouraged to demonstrate learning agility and unique insights into the problems they are solving, rather than solely focusing on prior knowledge or experience in the field. The approach emphasizes the ability of founders to adapt and iterate on their ideas as they progress. As the ecosystem evolves, investors are becoming more comfortable with earlier-stage investments without stringent prerequisites for prior customer traction.
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