MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

Mindtree co-founder Rostow Ravanan is all set to start SaaS Company

Mindtree co-founder Rostow Ravanan is all set to start SaaS Company

Rostow Ravanan, one of the co-founders of Mindtree, has decided to float his own venture in the software as a solution (SaaS) space. Mindtree was taken over by L&T recently. This has made him start his own venture. The startup will be run by Ravanan himself and he is also the prime investor. He still owns a small portion of the equity in Mindtree, of 0.69%. He says he may sell these shares to raise the funds for the SaaS startup.

As per the recent reports, he is not looking for a partner or any external source of investment at this stage of the venture. With a rise in SaaS sector, Rostow has indicated that the company which he is all set to start will be primarily focusing on manufacturing and healthcare. This would be a departure for Ravanan himself as Mindtree was all pureplay software development.

Looking at the overall market for SaaS, it could currently worth around $ 1 billion. Major Indian players like Zoho and global players like Salesforce and Zendesk will be giving tough completion to any new startups. But RostowRavanan is confident enough to start his new venture and he has said that he will be revealing more about the company and his primetime investors and partners very soon.

YOU MAY ALSO LIKE

Marketing Partnership: NBA, McDonald’s Will Jointly open NBA Experience Zones India

There is good news for all basketball fans in India. Very soon, NBA themed promotions and experience zones will be launched in India. The announcement...

Dunzo to Raise Funds from Google, others

Dunzo, the app which is trying to make life easier for the people upto some extent plans to raise about Rs. 183 crore from different investors which a...

Sapta Shakti Command Will Be Displaying Defence Technology Equipment at Jaipur Military Station

This event is organised with an aim to provide an opportunity where one and all can experience the developments in the field of defence and security-r...

Samsung is All Set to Roll out Its Galaxy A9 Smartphone On November 20

After Samsung unveiled its new Galaxy A9 smartphone in Singapore last month, the company is all set to launch it in India on November 20. In Singapore...

RECOMMENDED