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SaaS Companies in Hyderabad You Should Know About in 2026

Kathir • 9 min read

Hyderabad's SaaS ecosystem is built around three well-known names: HighRadius, Zenoti, and Darwinbox. All three are unicorns, all three have scaled globally, and all three are worth knowing. But the city's SaaS story doesn't end there.

Beneath the anchors sits a growing layer of companies across HR tech, fintech, supply chain, proptech, billing, and no-code, several of which have raised institutional funding in the last 12 months and are actively hiring. This post covers all 11, the anchors and the emerging layer, along with the roles each company hires for.

The Anchors

HighRadius (Founded 2006)

HighRadius builds an AI-powered autonomous finance platform for the office of the CFO, automating order-to-cash, accounts payable, treasury, and record-to-report processes. Founded in 2006 by Sashi Narahari, an IIT Madras alumnus, the company was bootstrapped for 11 years before raising its first external capital in 2017. It has since raised $484 million across four rounds, including a Series C led by ICONIQ Capital, confirmed by YourStory and FinTech Futures. HighRadius is headquartered in Houston, Texas, with its second headquarters and core engineering team in Hyderabad at Raheja Mindspace, Madhapur. The platform serves over 1,000 clients globally including Walmart, Nike, and Procter and Gamble, and processes over $1 trillion in transactions annually.

Why it qualifies: Hyderabad is HighRadius's primary engineering centre. The company was founded by an IIT Madras alumnus with deep India roots, built the product from Hyderabad, and the city remains the core of its engineering and product operations despite the US commercial headquarters.

Roles they hire for: Software engineers, data engineers, ML engineers, product managers, finance domain specialists, cloud engineers, QA engineers.

Zenoti (Founded 2010)

Zenoti builds cloud software for the wellness industry salons, spas, medical spas, fitness centres, and yoga studios covering appointment booking, point of sale, payroll, inventory management, marketing, and analytics on a single platform. Founded in 2010 by Sudheer Koneru and Dheeraj Koneru in Hyderabad, the company is now headquartered in Bellevue, Washington, with a 500-person office in Hyderabad that opened in 2020. Zenoti has raised a total of $331 million across multiple rounds from investors including Advent International, Tiger Global, and Sofina, confirmed by Inc42. The platform is used by over 30,000 businesses across the US, UK, Australia, and the Middle East.

Why it qualifies: Zenoti was founded in Hyderabad and continues to run a significant engineering and operations presence here, serving a global customer base from the city.

Roles they hire for: Software engineers, backend engineers, full stack developers, data engineers, ML engineers, product managers, QA engineers, customer success engineers.

Darwinbox (Founded 2015)

Darwinbox builds a cloud-based human capital management (HCM) platform covering the full employee lifecycle recruitment, onboarding, performance management, payroll, and HR analytics with an AI and mobile-first design philosophy. Founded in 2015 by Rohit Chennamaneni, Chaitanya Peddi, Vineet Singh, and Jayant Paleti in Hyderabad, the company became the first Hyderabad-headquartered startup to achieve unicorn status after raising $72 million led by Technology Crossover Ventures (TCV) in 2022, confirmed by Telangana Today. Total funding stands at approximately $308 million per PitchBook, with investors including Peak XV Partners, Microsoft, Salesforce Ventures, and KKR. The platform serves over 1,000 enterprises across 130+ countries, including Swiggy, Myntra, Paytm, Dr. Reddy's, and Kotak Mahindra Bank.

Why it qualifies: Darwinbox is the most significant startup to be founded and headquartered in Hyderabad. Its engineering team of over 1,000 people is based at Kavuri Hills, Hyderabad.

Roles they hire for: Software engineers, backend engineers, AI engineers, data engineers, product managers, mobile developers, QA engineers, DevOps engineers.

The Emerging Layer

Zaggle (Founded 2011)

Zaggle is a spend management and fintech SaaS platform that helps businesses automate employee expense management, corporate payments, and rewards programmes through prepaid cards and SaaS dashboards. Founded in 2011 by Raj P Narayanam in Hyderabad, the company listed on NSE and BSE in September 2023, making it one of the few SaaS-fintech companies to have gone public from Hyderabad. Zaggle reported revenue of Rs 1,330 crore in FY25, a 69.1% year-on-year increase, per YourStory. The platform serves over 3,600 corporate clients and 3.5 million users across banking, manufacturing, FMCG, and healthcare sectors.

Why it qualifies: One of the few listed SaaS companies from Hyderabad, with Rs 1,330 crore in FY25 revenue and a genuine SaaS + fintech model combining high-margin software subscriptions with card infrastructure.

Roles they hire for: Software engineers, backend engineers, payments engineers, data engineers, product managers, QA engineers.

Keka (Founded 2016)

Keka builds an employee-centric HR platform covering payroll, attendance, recruitment, performance management, and project tracking for small and mid-sized businesses. Founded in 2016 by Vijay Yalamanchili in Hyderabad and bootstrapped for six years, the company raised India's largest SaaS Series A at $57 million from WestBridge Capital in November 2022, confirmed by The Economic Times and Keka's own press release. The platform now serves over 10,000 businesses across India and international markets, with more than 1 million employees managed on the platform. Revenue crossed Rs 162 crore in FY24 per Inc42.

Why it qualifies: Six years of bootstrapped growth before raising India's largest SaaS Series A a rare trajectory that validates the product on its own merits before institutional capital arrived. Genuinely Hyderabad-native and still headquartered here.

Roles they hire for: Software engineers, backend engineers, full stack developers, mobile developers, data engineers, product managers, QA engineers.

TurboHire (Founded 2019)

TurboHire is an AI-powered recruitment automation platform that helps enterprises automate candidate sourcing, screening, interview scheduling, and onboarding through a single configurable interface. Founded in 2019 by Deepak Agrawal, Rakesh Nayak, and Gaurav Kumar in Hyderabad and headquartered at T-Hub, Knowledge City, the company raised $6 million in a Series A led by IvyCap Ventures in August 2025, confirmed by YourStory and Inc42. The platform integrates with SAP SuccessFactors, Oracle HCM, and Workday, and serves over 120 enterprise clients including Cipla, Tata Motors, PwC, and Lenskart.

Why it qualifies: A genuinely Hyderabad-native, post-2019 enterprise SaaS company with institutional backing and 120+ enterprise clients, one of the cleaner fits in the emerging layer.

Roles they hire for: Software engineers, AI engineers, backend engineers, product managers, customer success engineers, QA engineers.

Recykal (Founded 2016)

Recykal is a digital platform for waste management and circular economy operations, connecting brands, producers, recyclers, and waste collectors through a B2B marketplace and providing SaaS tools for Extended Producer Responsibility (EPR) compliance, e-waste tracking, and recycling traceability. Founded in 2016 in Hyderabad and backed by Morgan Stanley and Circulate Capital, the company raised $23 million in a bridge round in June 2026, confirmed by Inc42 and the company's official press release. Recykal reported gross revenue of Rs 1,498 crore in FY26, a 53.2% year-on-year increase per Inc42.

Honest framing: Recykal is not a pure SaaS company. Its primary revenue model is a B2B marketplace for recyclable materials, with SaaS tools for EPR compliance layered on top. It is included here because its software solutions for waste traceability and compliance are a genuine and growing part of the business not because it fits the classic SaaS definition cleanly.

Roles they hire for: Software engineers, backend engineers, data engineers, product managers, sustainability domain specialists, QA engineers.

Quixy (Founded 2019)

Quixy is a no-code enterprise application development platform that lets business users build, deploy, and manage complex workflow applications without writing code, using drag-and-drop design. Founded in 2019 by Gautam Nimmagadda in Hyderabad, the company has operated largely bootstrapped and has been rated the number one no-code platform on G2 for three consecutive years, confirmed by G2 seasonal reports and Quixy's own press releases. The platform serves customers across 15+ industry verticals in more than ten countries and employs approximately 280 people, with 180 at its Hyderabad development centre.

Why it qualifies: Building a bootstrapped no-code platform to $20.5M ARR and global G2 leadership from Hyderabad without external capital is a genuinely notable outcome for the city's SaaS ecosystem.

Roles they hire for: Software engineers, backend engineers, frontend engineers, product managers, customer success engineers, QA engineers.

Landeed (Founded 2022)

Landeed is an AI-powered property document and title search platform that gives property owners, agents, developers, and legal advisors instant access to government land records, sale deeds, encumbrance certificates, mutation records, and survey maps across multiple Indian states. Founded in 2022 by Sanjay Mandava, ZJ Lin, and Jonathan Richards in Hyderabad, the company went through Y Combinator and has raised a total of $16.3 million, including an $8.3 million seed round led by Draper Associates and Y Combinator in January 2023 and a $5 million round in January 2025, both confirmed by YourStory and Entrackr. Over 100,000 property owners and agents have used the platform.

Why it qualifies: The youngest company on this list by founding year, Landeed is YC-backed and solving a genuinely complex problem property title verification in India through a software layer that no other platform had built cleanly before it.

Roles they hire for: Software engineers, backend engineers, data engineers, AI engineers, product managers, customer support engineers.

Swipe (Founded 2021)

Swipe is a GST billing, invoicing, and accounting platform for small and medium-sized businesses in India, making it easy for local businesses to create invoices, manage inventory, file GST returns, and collect payments via WhatsApp and UPI. Founded in 2021 by Sri Teja Allaparthi and Aditya Vemuganti in Hyderabad and backed by Y Combinator (S21 batch), the company has raised $2.04 million in seed funding from Y Combinator and Global Founders Capital, confirmed by CB Insights. The platform is used by over 400,000 SMEs across 4,600 towns in India, and was named one of LinkedIn's Top 10 Startups to Watch in Hyderabad in 2025, per LinkedIn and Swipe's own press release.

Why it qualifies: 400,000 SMEs across 4,600 towns from a $2M seed round is exceptional capital efficiency. Swipe is one of the most widely adopted SaaS products to come out of Hyderabad in the last five years, even if it remains early stage by funding standards.

Roles they hire for: Software engineers, backend engineers, mobile developers, product managers, growth engineers, QA engineers.

Enmovil (Founded 2015)

Enmovil is an AI-powered supply chain and logistics SaaS platform that adds intelligence to enterprise ERP systems like SAP and Oracle, providing demand forecasting, dispatch scheduling, multimodal freight visibility, and automated billing on top of existing ERP infrastructure. Founded in 2015 by Ravi Bulusu, Nanda Kishore, and Venkat Moganty, all former NVIDIA and Oracle executives and headquartered at Gachibowli, Hyderabad, the company raised $6 million in a Series A led by Sorin Investments in August 2025, confirmed by YourStory. Total funding stands at approximately $9.5 million. Clients include HPCL, Maruti Suzuki, and Hero Motors.

Why it qualifies: Founded by ex-NVIDIA and Oracle engineers, Enmovil is solving a specific enterprise problem, making legacy ERP systems intelligent with a team that understands the domain deeply before the product was built.

Roles they hire for: Software engineers, backend engineers, ML engineers, supply chain domain specialists, data engineers, product managers, QA engineers.

What This List Shows

Hyderabad's SaaS ecosystem has a recognisable pattern across both anchors and emerging companies: founders with deep domain expertise building for specific enterprise workflows rather than generic horizontal platforms. HighRadius knew order-to-cash before it built software for it. Zenoti's founders came from the wellness industry. Keka was built by someone who had experienced the limitations of existing HR software firsthand. Enmovil's founders spent careers at NVIDIA and Oracle before building a supply chain product that layers on top of those very systems.

The emerging layer reflects the same instinct applied to newer problems. EPR compliance and waste traceability (Recykal), property title search (Landeed), SME billing over WhatsApp (Swipe), no-code enterprise workflows (Quixy). None of these are generic. Each one chose a specific problem and built deeply into it.

Funding figures vary significantly across this list, from Swipe's $2M seed to HighRadius's $484M. Where cited, we have used figures confirmed by press releases, YourStory, Inc42, Entrackr, or primary business press rather than solely aggregator databases.

Where to Find Roles at These Companies

Frequently Asked Questions

What are the top SaaS companies in Hyderabad? Hyderabad's best-known SaaS companies are HighRadius (finance automation, founded 2006), Zenoti (wellness SaaS, founded 2010), and Darwinbox (HR SaaS, founded 2015), all three are unicorns. Among the emerging layer, Keka (HR and payroll SaaS), Zaggle (spend management SaaS, listed), TurboHire (AI recruitment SaaS), and Quixy (no-code enterprise SaaS) are all Hyderabad-headquartered and actively scaling.

Is Hyderabad good for SaaS jobs? Yes. Hyderabad has a deeper SaaS engineering ecosystem than most Indian cities outside Bengaluru and Chennai. The city's combination of strong engineering colleges, lower operating costs, government support through T-Hub, and a growing base of funded SaaS companies makes it a credible destination for product and engineering careers in enterprise software.

Which Hyderabad SaaS company has raised the most funding? Among the companies covered in this post, HighRadius has raised the most at $484 million across four rounds, including a Series C led by ICONIQ Capital, confirmed by YourStory and FinTech Futures. Among Hyderabad-headquartered companies specifically, Darwinbox has raised approximately $308 million and Zenoti $331 million.

Are there bootstrapped SaaS companies in Hyderabad? Yes. Quixy has built a no-code enterprise platform to $20.5M ARR without external venture capital, rated number one on G2 in its category three years running. Keka was bootstrapped for six years before raising India's largest SaaS Series A in 2022 growing to over 10,000 business customers without outside capital first.

What domains are Hyderabad SaaS companies building in? The companies in this post span finance automation (HighRadius), wellness (Zenoti), HR and payroll (Darwinbox, Keka, TurboHire), spend management (Zaggle), supply chain (Enmovil), proptech (Landeed), cleantech (Recykal), no-code (Quixy), and SME billing (Swipe). Enterprise SaaS and HR tech are the most concentrated categories.

Published: July 16, 2026 | blog.huntyourtribe.com

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Disclaimer: Company details, funding figures, and revenue data are sourced from publicly available press coverage, company announcements, and investor reports. Where figures vary across sources, we have used the most consistently press-verified number. Hunt Your Tribe is not the employer for any listed role and is not responsible for the hiring process or outcome. Please verify directly with the company before applying.