With this, it becomes the first bootstrapped SaaS business to cross 100 million users
Zoho today announced that it has surpassed 100 million users across its 55+ business applications. With this, it becomes the first bootstrapped SaaS company to reach this mark. This increase in growth follows the company's $1 billion annual revenue last year.
Zoho has steadily increased its traction from 1 million users in 2008 to 100 million 15 years later, with the last 50 million users added within the past five years. The company has witnessed a 3-Yr CAGR of 65 per cent. in the upmarket segment, in India.
Sridhar Vembu, co-founder and CEO of Zoho Corp expressed his gratitude towards the users mentioning that Zoho has grown without ever taking external funding.
“I want to thank all of our customers for trusting us with their business and helping us reach 100 million users worldwide, this is an impressive milestone for any organisation, but it's particularly sweet for us as a bootstrapped company that has never raised external capital.” he said.
He also mentioned that Zoho has an impressive innovation pipeline covering the next 10 years and is investing in deep technologies to serve billions of users around the world.
Zoho will be hosting Zoholics, its annual user conference, across 16 countries in the next eight weeks, including in India on October 10-11 in Bengaluru. Over 30 Zoholics across 27 countries will be hosted by Zoho in 2023. The company plans to celebrate the 100 million milestone with its customers across continents during Zoholics.
Zoho is a global technology company headquartered in Chennai. It was founded in 1996 by Sridhar Vembu.