Chennai is a stronghold of companies offering software-as-a-service ( SaaS ) and its hardware ecosystem is embracing a culture of bold, advanced experimenting. But today, thanks to companies like Freshworks and Zoho , Chennai has evolved as a strong SaaS ecosystem.“Janakiraman is a typical Chennai entrepreneur, conservative with money and focused on steady growth. The conservatism has resulted in Chennai having a comparatively slow but steady rise in startup activity. Arvind Parthiban , whose website analytics company Zarget was acquired by Freshworks in August, compared the Chennai startup story to the evolution of Silicon Valley as a global tech and startup hub because of early success stories. There was a time when services companies (like Zoho) that brought business from the US to India... started as product companies.

Source: Economic Times November 10, 2017 03:22 UTC