Zoho Marks 65% Of CAGR Upmarket Growth In India

Chennai-headquartered tech company Zoho announced a remarkable growth of over 65 per cent compound annual growth rate (CAGR) in ARR within the mid-market and enterprise segment. Following this impressive three-year CAGR growth, the mid-market and enterprise segment now constitute more than 50 per cent of the company’s ARR in India.

Globally, Zoho also witnessed a 65 per cent 3-year CAGR growth within the mid-market and enterprise segment, accounting for one-third of the entire business. In total, the tech organisation now serves over 90 million users across more than 600,000 businesses.

Sridhar Vembu, Co-founder and CEO of Zoho Corporation stated, “With our strong DNA as a technology platform company, we have steadily improved our maturity and readiness for large organisations by making necessary investments”.

He further added that Zoho aims to become the most seamless enterprise software vendor in the market by focusing on extensibility, usability, packaging, and go-to-market solutions.

Vembu expressed pride in being the trusted partner for businesses in various industries in India, emphasising their commitment to fostering inclusive growth and empowering organisations for success in the digital age. Zoho’s customisable solutions cater to the unique needs of Indian enterprises and government entities, actively contributing to the country’s digital transformation.