Zoho Corporation announced today it is celebrating 100 million users with its 55+ business apps. This makes the global tech company standout in the SaaS industry, being the first bootstrapped organisation to achieve such a feat. This milestone follows its remarkable $1 billion annual revenue, highlighting its rapid growth in the tech world.
Sridhar Vembu, the Co-founder and CEO of Zoho Corp, thanked the company’s loyal customers for their trust and support in achieving a significant milestone. He emphasised Zoho’s dedication to innovation and its ambitious aim to serve billions of users worldwide.
Zoho Corp’s impressive journey started in 2008 with just 1 million users. Fast forward to 2023, they now have a staggering 100 million users. What’s truly remarkable is that 50 million of those users joined within the last five years. This growth showcases Zoho’s dedication to innovation and its ability to adapt to the changing needs of businesses and users worldwide.
Zoho Corp’s global reach extends to more than 150 countries, providing invaluable solutions to over 700,000 customers across the world. This impressive presence underscores the trust and confidence that businesses place in Zoho’s suite of applications to streamline their operations, enhance productivity, and drive growth.
One of Zoho’s key strengths lies in its dedication to providing accessible and affordable software solutions. The company offers flexible pricing plans and a wide range of options tailored to suit the diverse requirements of businesses. This inclusivity ensures that organisations of all sizes, from startups to enterprises, can harness the power of Zoho’s robust software tools.
The company has achieved its remarkable success without external funding, allowing it to preserve its long-term vision and corporate culture without external pressure or influence. This approach keeps Zoho centered on its core values, including debt-free growth and a focus on serving customers at a local level.
Zoho Corp’s global expansion doesn’t stop at reaching 100 million users. The company continues to invest strategically in key markets, reinforcing its commitment to serving businesses around the world. In February, Zoho announced a substantial investment of AED 100 million (approximately USD 27 million) to establish a new technology hub and data center. This investment also aims to hire local talent and develop localised versions of its software products.
Zoho is actively expanding its footprint in regions like the UAE and the Middle East, where it offers its cloud-based business solutions to local SMEs. This expansion is part of Zoho’s broader strategy to establish a strong presence in critical international markets.
Zoho’s commitment to global expansion extends to the African continent. The company recently unveiled its new office in Nairobi, Kenya, as part of its efforts to enhance local support and engagement. This marks Zoho’s seventh office in the Middle East and Africa (MEA) region.
While the Nairobi office primarily focuses on providing training services to Zoho customers, it plays a pivotal role in extending Zoho’s products and services to more people and businesses across the region. This move aligns perfectly with Zoho’s ethos of being close to its customers, ensuring that they have the resources and support needed to maximize the benefits of Zoho’s software solutions.
