Now a $1 billion firm, Zoho announces new R&D investments

“At Zoho, we have always believed that technologists should practice more humility. After all, we cannot code more food, nor compile new energy,” said CEO and Co-founder Sridhar Vembu, adding that the recent developments in our industry amidst a backdrop of rapidly deteriorating global economic outlook “are a rude reminder of our own limits as technologists”.

Marketed as “the operating system for business,” Zoho One, the company’s suite of business apps, now supports over 50,000 organisations in more than 160 countries. The suite is a centralised portal meant to handle the wide needs of an organisation and includes over 35 apps.

Along with Zoho One, the company said customer experience platform CRM Plus, HR management platform Zoho People, enterprise collaboration platform Zoho Workplace and GST-compliant accounting software Zoho Books were getting the most traction in India. These products have upped the company’s annual revenue in India by 77% in 2021.