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Leading a GTM team

Should we sell to Indian SMBs, Indian enterprises, or skip India and go straight at US buyers?

Pick on payback and on where your product is genuinely better, not on prestige. Indian SMB gives volume, fast feedback and brutal price sensitivity, so it only works with a low-touch motion and INR pricing through local rails. Indian enterprise pays real money and buys on relationship and reference, with long cycles and heavy customisation asks. US-first gives you higher price points but you are selling into a market where you have no network, so budget for a long ramp and for someone who can sell in that timezone. The myth worth killing is that Indian customers do not pay for software, they pay when the value is obvious and the price is set in their currency.

Go deeper

5 resources, 5 India-specific, 5 link-checked.

🎧 Podcast
✓ Link checked India Free Intermediate

Kapil built one of India's few listed SaaS companies, so when he takes apart the myths (Indians will not pay for software, they demand endless customisation, they want enterprise support at SMB prices) he is arguing from a P&L. Essential if you are deciding whether India is a real market for you.

7 Myths About Selling B2B SaaS In India ft Unicommerce Founder Kapil Makhija

On The Neon Show by Siddhartha Ahluwalia with Kapil Makhija 80 min listen

Watch on YouTube neon.fund
📄 Article
✓ Link checked India Free Intermediate

Concrete on the mechanics nobody outside India writes about: INR pricing, UPI AutoPay recurring success rates versus international cards, GST, and typical India plan pricing relative to the US sticker. Read it before you decide Indian buyers will not pay.

SaaS Pricing in India: The Rupee vs Dollar Dilemma

From productgrowth.in ~12 min read

  • Switching checkout display from USD to INR for Indian IPs cuts cart abandonment by up to 40 percent.
  • Recurring billing succeeds about 3x more often on UPI AutoPay in INR than on international corporate cards in USD.
  • Global SaaS companies commonly price Indian plans at 40 to 60 percent of the US sticker.
  • A 49 dollar plan lands near 5,000 rupees once you add the 84 rupee rate, 18 percent GST, and a 3.5 percent forex markup.
Open productgrowth.in
📊 Report
✓ Link checked India Free Intermediate

Splits the ecosystem into India-first companies serving the domestic market and global-first companies exporting, which is exactly the choice this question is about. Gives you market sizes to argue with rather than opinions.

The Rise of SaaS in India 2023

From Bessemer Venture Partners Long report

  • Indian SaaS is projected at 50 billion dollars ARR by 2030, with Indian companies contributing 20 to 25 billion of it.
  • Companies above 10 million dollars revenue went from about 30 six years earlier to over 85.
  • India now has 11 centaurs, private SaaS businesses past 100 million dollars ARR.
  • 2022 funding was about 6 billion dollars, 3.5x 2020 and 8x 2018, while public cloud multiples fell from about 25x NTM revenue to about 6x.
Open bvp.com
📄 Article
✓ Link checked India Free Intermediate

Zenoti and MindTickle founders on validating at home before expanding, and on finding a handful of customers willing to build with you rather than chasing volume. A direct answer to whether to prove it in India first.

Entering a New Market as a SaaS Business and Finding First Customers

From SeedToScale (Accel India) by Ajay Sethi ~12 min read

  • You do not need 50 customers in a new market: 5 to 10 prospects, a handful of customers, and one good success story (Mohit Garg, MindTickle).
  • Garg sold the first 50 deals himself rather than scaling outreach.
  • Zenoti deliberately stayed in its own backyard, Hyderabad and Seattle, before expanding.
  • Pick first customers in a new market who will co-create, meaning they have the need and will give feedback.
Open seedtoscale.com

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