Zoho Corporation, a leading global technology company, today announced that it is now serving 100 million users across its 55+ business applications. Consequently, the company says it is the first bootstrapped SaaS company to reach this milestone. This growth comes on the heels of the company reaching $1 billion in annual revenue last year.
Announcing the milestone, Sridhar Vembu, the co-founder and CEO of Zoho Corp expressed his delight in having reached the milestone, especially as a bootstrapped company yet to make any external fundraise.
“I want to thank all of our customers for trusting us with their businesses and helping us reach 100 million users worldwide,” said Sridhar Vembu, Co-founder and CEO of Zoho Corp.

“This is an impressive milestone for any organisation, but it’s particularly sweet for us as a bootstrapped company that has never raised external capital. And we are not done yet. We have an impressive innovation pipeline covering the next 10 years, investing in deep technologies to serve billions of users around the world. We’re working towards it, and we want to thank all of you for your continued support,” he said.
Consistently providing accessible technology while promoting sustainable growth, the SaaS platform has steadily increased its traction from 1 million users in 2008 to 100 million 15 years later—with the last 50 million users added within the past five years. “Zoho is profoundly grateful for the enduring support of its more than 700,000 customers across 150+ countries,” the company says.
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Zoho Corp’s growing presence and expanding reach
Zoho is a leading global technology company that offers a comprehensive suite of business software applications and productivity tools. Founded in 1996, Zoho has established itself as a pioneer in cloud-based software solutions, serving millions of users worldwide across various industries and sectors.
With more than 55 apps in nearly every major business category, the corporation is one of the world’s most prolific technology companies. Headquartered in Chennai, India, the company is privately held and profitable with more than 15,000 employees.
Apart from its huge presence in Asia, the company has successfully made its way into the African market with presence and offices in Cairo, Cape Town, and Lagos.


One of Zoho’s key strengths is its commitment to providing affordable and accessible software solutions. The company offers flexible pricing plans and a range of options to cater to the diverse needs of businesses, ensuring that organizations of all sizes can leverage their powerful software tools.
The company has grown steadily and responsibly without ever taking on external funding. This allows the company to preserve its long-term vision and culture without outside pressure or influence. It is also what keeps the company centred on its values, such as debt-free growth and serving customers closer to where they are—a product of the company’s transnational localism efforts.
After completing 13 Zoholics (user conferences) in the first half of the year, which included Zoholics Kenya, the company will host 18 Zoholics across 16 countries in the next 8 weeks, totalling 31 user events across 27 countries in 2023.
In Africa, Zoho will host Zoholics Egypt in October and Zoholics Nigeria is set to take place in November. Zoholics South Africa was held in August in Johannesburg, Durban, and Cape Town. Zoholics is transnational localism in action. Zoho has always believed that being close to customers allows the company to build useful, trusted, customer-focused solutions.