Zoho, a world generation corporate primarily based in Chennai, mentioned on Tuesday that it has surpassed 100 million customers throughout its 55+ trade programs, turning into the primary bootstrapped SaaS corporate to achieve this milestone. This expansion comes at the heels of the corporate attaining $1 billion in annual earnings closing 12 months.

Zoho has frequently higher its traction from 1,000,000 customers in 2008 to 100 million 15 years later, with the closing 50 million customers added throughout the previous 5 years. “The corporate is thankful for the iconic strengthen of its greater than 700,000 companies throughout 150+ nations. India is likely one of the fastest-growing nations, and the corporate has witnessed a 3 12 months CAGR of 65 in line with cent within the upmarket section,” says a free up.

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Sridhar Vembu, Co-founder and CEO of Zoho Corp., mentioned within the free up, “That is an outstanding milestone for any organisation, but it surely’s specifically candy for us as a bootstrapped corporate that hasn’t ever raised exterior capital. And we don’t seem to be completed but. Now we have an outstanding innovation pipeline protecting the following 10 years and are making an investment in deep applied sciences to serve billions of customers world wide. We’re running against it, and we wish to thank all of you in your persisted strengthen.”

Zoho has grown frequently and responsibly with out ever taking over exterior investment. This permits the corporate to maintain its long-term imaginative and prescient and tradition with out outdoor power or affect. It’s additionally what helps to keep the corporate targeted on its values, akin to debt-free expansion and serving consumers nearer to the place they’re as a part of its transnational localism efforts, the discharge mentioned.