Glossary / technical

SaaS (Software as a Service)

technical

Quick Definition

SaaS delivers software via internet (cloud-based), users pay monthly/yearly subscription. No installation, automatic updates. Examples: Zoom, Slack, Salesforce. Best business model for software—predictable revenue, high margins, scalable.

Detailed Explanation

SaaS revolutionized software. Traditional model: Buy software once (₹50K), install on computer, buy upgrades separately. SaaS model: Pay ₹999/month, access via browser, automatic updates, cancel anytime. Why SaaS dominates: For customers: No upfront cost (₹999/month vs ₹50K upfront), Always latest version (automatic updates), Access anywhere (cloud-based), Cancel anytime (flexibility). For companies: Predictable revenue (₹10L MRR = ₹1.2 crore ARR known), High gross margins (70-90%—hosting is cheap), Compounds over time (revenue grows as you add customers), Easy to scale (software scales infinitely). SaaS business model: Acquisition: Customer signs up, maybe free trial. Activation: Get customer to "aha moment" quickly. Retention: Keep customers paying monthly (low churn critical). Expansion: Upsell/cross-sell to increase revenue per customer. SaaS metrics that matter: MRR/ARR (predictable revenue), Churn rate (% customers leaving—must be <5% monthly), CAC (cost to acquire customer), LTV (lifetime value), LTV:CAC ratio (must be >3x), Payback period (months to recover CAC—should be <18). SaaS categories: Horizontal (everyone uses—Slack, Zoom, Google Workspace), Vertical (specific industry—Mindbody for gyms, Toast for restaurants), SMB (₹999-9,999/month—Mailchimp, FreshBooks), Mid-market (₹50K-5L/month—HubSpot, Zendesk), Enterprise (₹10L+/month—Salesforce, Workday). SaaS is best software business model—most unicorns are SaaS (Zoom, Slack, Shopify, Stripe, Notion, Canva).

Formula

SaaS Health = High MRR Growth + Low Churn + LTV > 3x CAC + <18mo Payback Period. "Rule of 40": Growth Rate % + Profit Margin % ≥ 40

Real-World Examples

Zoom

Freemium SaaS. Free for <40min meetings, $14.99/month for unlimited. 40M+ daily users → 500K+ paying customers. IPO at $16B, peaked at $150B+ valuation.

Freshworks

Indian SaaS success. Started as Freshdesk (₹999/month customer support tool). Now $10B+ company with $500M+ ARR. Bootstrapped to profitable unicorn.

Failed SaaS

Built great product, charged too little (₹99/month). CAC was ₹15K, LTV only ₹3K (LTV<CAC). Raised ₹10 crore, burned through in 18 months, shut down. Unit economics killed it.

Why It Matters for Your Startup

SaaS is most lucrative software model—predictable revenue, high margins, compounds over time. Traditional software: Sell once, revenue stops. SaaS: Sell once, revenue continues. 10-year customer at ₹10K/month = ₹12L LTV. 9 of top 10 software unicorns are SaaS. If building software startup, default to SaaS model unless strong reason not to.

Common Mistakes

  • Pricing too low (₹99/month unsustainable—need ₹999+ for B2B, ₹9,999+ for enterprise)
  • Ignoring churn (10%+ monthly churn = leaky bucket, can't scale)
  • Building features instead of reducing churn (retention > acquisition)
  • No clear pricing tiers (need 3 tiers: Good, Better, Best—anchoring effect)
  • Poor onboarding (customers churn before reaching value—obsess over first week)

Frequently Asked Questions

What's a good SaaS pricing model?

Tiered pricing (3 tiers): Starter (₹999/month), Professional (₹2,999/month), Enterprise (custom pricing). Middle tier should be best value—80% choose it. Offer annual discount (2 months free—reduces churn).

How do I know if my SaaS is healthy?

Check: (1) MRR growing 10%+ monthly, (2) Churn <5% monthly, (3) LTV > 3x CAC, (4) Payback period <18 months, (5) Gross margin >70%. If all 5 true → very healthy SaaS.

Can I bootstrap a SaaS to profitability?

Yes! Many examples: Basecamp ($50M+ ARR), Mailchimp ($700M revenue before exit), Zerodha ($1B+ revenue). Takes 3-5 years longer than VC-backed but keep 100% ownership.

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SaaS (Software as a Service) - Definition, Examples & Formula | StartupIdeasDB Glossary | startupideasdb.com