‘2026 revenue forecast for SaaS startups plunges 74% to $26 billion’

Global management consulting and strategy advisory firm Zinnov and venture capital firm Chiratae Ventures on Tuesday marked down 2026 revenue projections of the Indian software-as-a-service (Saas) startups from $100 billion to $26 billion in its latest annual report on the space.

The report, titled India SaaSonomics: Navigating Growth and Efficiency, said that concerns of a recession loom large for the Indian SaaS industry, but that it has displayed remarkable antifragility to withstand turbulent times.

The report indicated three challenges plaguing the industry — customer churn, customer demand slowdown and delayed sales cycles, and downward pressure on cash flows caused by macroeconomic headwinds.