@iyeron you can download financials of Ksolves from 2015 from eformDownloader | Download MCA documents. Cost is around Rs.140. They extract all the data in zip file from mca.gov.in
Unfortunately none of the companies break this out since none of them are pureplay SAAS
We can only derive this number from information given at different points in time.
For egm a license sale deal for intellect might be 5 million LTV while on Saas WILL BE 10 million ( conf call)
This is still easier to do.
The CAC is still harder to get.
Since no one reports this number and one has to use SG & A expenses which is not a good proxy for these
Firstly it is my first post here.
If we see the Saas Play then it is good and have high margin and seeing how hiring is done there it could make some good probably unrivalled in future like when we see freshwork after a big fall is looking attractive not a recommendation but it’s major edge and only way it is beating is Indian talent pool that could be very vital for any company.
Have recently seen some new ipo namely rategain and map my India(it has saas buisness is quite smaller when compared to its overall buisness).
Rategain is a pure saas Play and can be a good contra bet and a less risky play on travel industry if we look the best bet on travel industry is either club Mahindra or Rate Gain.
These both are pretty new but looking pure buisness wise map my India looks better and is also a monopoly.
But growth opportunity and market recovery can make rate gain a good opportunity aslo but is to risky to invest right now and need to see quater results and other thing before investing.
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TTBS , a part of TTML has been rechristened as a new age digital saas player. I am not sure about arrangements of ownership of TTBS by TTL parent and TTML…any insights most welcome…
Disc. Had a negligible tracking position which swelled to almost 2% of portfolio. Not a buy/sell recommendation. I myself am assessing if recent run up is justifiable but not much direct data or knowledge on the matter so far… thoughts welcome!
Tanla has been a big multibagger. Now they are going overseas. Also Subex is poised for growth… after stock reduction and becoming debt free. It can be a takeover candidate their platform business is bound to grow.
Team,
From the information available in the public domain, Ksolves seems a company worth tracking.
Can we have a separate thread to pen it down?
P.S. This is not be treated/construed as any buy/sell recommendation.
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A new thread for Ksolves is created here: -
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Any SaaS company in the area of cyber-security? Cyber-threat analysis?
Listed space, no clue .but there is an upcoming IPO of Inspira Enterprise India , who are into cybersecurity space…
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@Aniesh7 Does Inspira have any SaaS product?
I think @ashishp2010 is looking for something like Crowdstrike in India?
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@ashishp2010 No, there isn’t any cybersecurity products company listed in India, forget about SaaS cybersecurity.
Inspira Enterprise is a cybersecurity services company. My day job is in this domain and I’m not holding my breath for Inspira IPO.
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Actually there is.
Quick heal technologies. Championed by Ramesh Damani many times in his interviews
Ramesh Damani has most probably sold off rhe stake. His name doesn’t appear in the shareholders list.
Also, I had been an investor in Quick Heal, as per me, management lacs innovation and zeal. They still rely on physical distributors to push their product to the market. Receivables had been a problem. Also, IPO proceeds were on the balance sheet as FDs for years. No real attempt to grow, barring one acquisition in iran or Middle east.
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You are right. I stand corrected.
From a cybersecurity domain point of view, they aren’t really a serious player though. Their core product is an antivirus and the world has moved away from antivirus to a wholistic endpoint detection and response solution for protecting end user devices.
For global cybersecurity companies, check this out. These stocks are hot for sure but need to double click on bottomline growth. Cybersecurity Companies Are Raking in Millions. Many Don’t Turn Profits.
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I’d be a bit skeptical of any IT company that didnt grow in the last 2 years despite tailwinds due to the pandemic, especially a cloud software one.
Totally agree. This is the reason I’m not very exited about above mentioned company’s IPOs…
Including recently listed latentview and rategain…
After initial ephoria , if top line - bottom consistently don’t perform , Stock will go to long consolidation or bleed badly especially in bear 
market…
these happened with Justdial, infibeam , matrimony - very fancied stock during their IPOs…
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Can you please explain how to calculate LTV/CAC ratio?
Eg: Any Sass or E-commerce company (Rate Gain or Nykaa)