Occasions Bridge will assist Stack Overflow to launch, scale and broaden its attain within the nation, the worldwide investments and partnership arm of The Occasions of India Group stated in an announcement. The Occasions of India Group additionally publishes The Financial Occasions.
India accounts for the most important share of site visitors to the positioning, which it says will get greater than 100 million distinctive guests every month.
Occasions Bridge has additionally participated in Stack Overflow’s $85 million Sequence E fundraising that was introduced in July this 12 months.
The spherical was led by GIC with participation from Silver Lake Waterman and current traders Andreessen Horowitz, Index Ventures, Spark Capital, and Union Sq. Ventures.
“India is amongst our largest and most vibrant consumer markets however stays largely untapped within the context of our Groups SaaS product. We’re thrilled to associate with Occasions Bridge and The Occasions Group, whose enterprise partnership expertise, native know-how and attain throughout the Indian market will assist us empower builders and technologists in each nook of the nation to collaborate and innovate collectively,” stated Stack Overflow chief govt Prashanth Chandrasekar.
With this partnership, the developer platform might be becoming a member of Occasions Bridge’s international portfolio of firms that features Airbnb, Coursera, Headspace, Houzz, Smule, Uber and Wattpad, amongst others.
“We’re delighted to welcome Stack Overflow to our international portfolio of companions — and to associate with an organization able to strategy the Indian market with power and empathy, and unlock outsized international worth alongside the best way,” stated Occasions Bridge chief govt Rishi Jaitly.
The partnership will concentrate on rolling out Stack Overflow for Groups throughout the nation, which helps builders and technologists to work asynchronously to ship merchandise quicker, speed up onboarding, enhance buyer expertise and drive innovation.
In an announcement, Occasions Bridge stated it should even be Stack Overflow’s gross sales associate in India and can introduce the product to enterprises throughout a variety of sectors, together with IT/ITES, Client Tech, Telecom, BFSI, and Consultancies, amongst others.
Over 200,000 paid customers throughout greater than 5,000 groups in engineering, product administration, information science and buyer help features presently use the platform. A few of its shoppers embody Bloomberg, Field, Elastic, Expensify, Microsoft, and Zapier.
India has the second-largest base of builders on the planet, making it an more and more robust contender within the international SaaS market. In line with a Bain & Firm report, Indian-heritage SaaS sector is anticipated to develop to $18-20 billion in income by 2022.
Whereas the nation’s SaaS section has usually catered to abroad clients and can proceed to take action for the foreseeable future, the home market has begun to develop due to particular initiatives and revolutionary merchandise focused at each SMBs and enterprises that are shortly realising the necessity for digitisation.
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