SaaS startups call for stronger ecosystem

Hyderabad: Amazon Web Services (AWS), which offers cloud computing services, has released more than 1,800 significant features to its offerings in the last one year, according to Chandra Valani, head, Geographic Incubation, India and Saarc, Amazon Internet Services.

AWS has operations in Hyderabad and a significant number of these features have come from here and are based on the customer feedback, he said at SaaSt, Hyderabad’s first SaaS forum, held at HICC on Saturday.

The event saw startups offering software as-a-service (SaaS) sharing their experiences and efforts needed to build a stronger SaaS ecosystem in Hyderabad. It was organised by the Telangana State Incubation Centre.

Valani said AWS was working to build products that could be used by a large number of clients and the effort was to have same price for all users. “Be nimble, be agile. Experiment more, fail fast,” was his message for SaaS players.

Aneesh Reddy, Co-Founder and CEO, Capillary Technologies, which has retail-focused platforms, stressed the need for getting right talent. “Talent crunch at senior level could be a function of nonavailability of funds,” he said, adding that Hyderabad had a good supply of fresh talent.

“Financial integrity of founders is an issue that is taken into consideration by investors. They do not want the monies to be diversified into unrelated areas,” he said, adding that a good product would eventually get funding support.

Sudheer Koneru, CEO and Co-Founder, Zenoti, which offers cloud-based software solutions for spas and salons, said scaling up a business would be easy with standard code.

Sateesh Andra, Managing Director, Endiya Partners, said companies should spend time assessing their business model. The success metrics and context of each company or a product were different and it meant assessment of business situations individually.

(Excerpt) Read more Here | 2019-03-02 18:55:00
Image credit: source


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