Sarsen & Company · Reports

Original
Research.

Data-backed analysis on India's startup ecosystem — annual reports, sector deep-dives, benchmarks, and frameworks built for founders who make decisions with evidence.

75+

Publications

6

Annual editions

5,000+

Companies studied

75 reports

Annual ReportFeatured142 pages

Indian Startup Ecosystem Report 2026

Our most comprehensive annual publication. Covers funding trends across all stages, sector-wise growth patterns, tier-2 city emergence, founder demographics, and the structural shifts defining India's entrepreneurial decade.

Cross-SectorFeb 2026
Download report
Sector Report68 pages

State of B2B SaaS in India — 2025 Review

Benchmarks across ARR growth, net revenue retention, CAC payback, and team efficiency ratios for Indian B2B SaaS companies at seed through Series B. Includes 200+ company dataset with cohort comparisons.

B2B SaaS
Dec 2025
Research54 pages

Founder Mental Models: A Survey of 200 Indian Founders

How founders make decisions under uncertainty, which frameworks they rely on, where they get systematically stuck, and what distinguishes the decision quality of founders who navigated difficult transitions successfully.

Cross-Sector
Nov 2025
Digest32 pages

Seed Funding Landscape: H2 2025 Digest

Deal flow analysis for seed rounds in India during H2 2025. Sector distribution, cheque size evolution, investor activity patterns, and the structural differences between rounds that closed and those that stalled.

Fundraising
Jan 2026
Benchmarks48 pages

Unit Economics Benchmarks by Sector 2025

CAC, LTV, payback period, and gross margin norms across 12 startup categories in India. Includes distribution curves, not just averages — so founders can understand where they actually stand relative to peers.

Cross-Sector
Oct 2025
Index60 pages

The Operational Maturity Index — Indian Startups 2025

A scored framework assessing how founders build systems, delegate, and create accountability as they scale from 10 to 100 people. Identifies the five most common operational failure modes and what distinguishes high-maturity teams.

Operations
Sep 2025
Sector Report44 pages

D2C Brand Profitability Report 2025

Margin structures, blended CAC trends, LTV curves, and post-funding realities for direct-to-consumer brands in India. Analyses which D2C models are structurally profitable and which are growth-at-all-costs plays in disguise.

D2C
Aug 2025
Longitudinal88 pages

Capital Efficiency in Indian Startups — 5 Year Longitudinal Study

How efficiently Indian startups convert external capital into durable, defensible value over a five-year window. Tracks 300 companies from seed through Series B, measuring capital efficiency ratios across sectors and vintages.

Cross-Sector
Jul 2025
Framework52 pages

The Fundability Framework — Investor Expectation Report

What seed and Series A investors in India are actually evaluating — in their own words. Based on 200+ structured investor interviews. Covers business model requirements, team assessment, and the metrics that create fundable narratives.

Fundraising
Jun 2025
Emerging Markets76 pages

Tier-2 Startup Hubs: Emerging Opportunity Report

Deep dives into five emerging startup cities — Jaipur, Indore, Kochi, Ahmedabad, and Chandigarh. Covers talent availability, infrastructure maturity, investor access, cost structures, and sector-specific opportunity assessment.

Cross-Sector
May 2025
Deep Dive56 pages

Pricing Architecture in Indian SaaS — A Deep Dive

How Indian SaaS companies price across segments, channels, and geographies. Identifies pricing pattern clusters, analyses which models correlate with higher NRR, and documents the most common pricing mistakes at each growth stage.

B2B SaaS
Apr 2025
Sector Report62 pages

Healthtech in India: Where Value Is Actually Being Created

A sector map of India's healthtech landscape — which subsectors are attracting capital, where exits have occurred, what the regulatory environment means for different business models, and which whitespaces remain genuinely open.

Healthtech
Mar 2025
Research38 pages

Founder Burnout and Performance: What the Data Shows

A sensitive but necessary analysis. Survey data from 400 founders on stress indicators, performance degradation patterns, the decisions that suffer first, and what structural interventions actually improve outcomes.

Cross-Sector
Feb 2025
Fundraising46 pages

The Indian Series A: What It Actually Takes in 2025

Structural analysis of 80 Indian Series A rounds closed in 2024. Covers median metrics at the time of closing, how metrics requirements have shifted since 2021, and the investor narrative patterns that appear across successful rounds.

Fundraising
Jan 2025
Sector Report50 pages

Edtech After the Correction: 2024 State of the Sector

Following the 2022–23 correction, this report analyses which edtech models survived, which are structurally viable at scale, where the remaining whitespace lies, and what the unit economics of durable edtech businesses look like.

Edtech
Dec 2024
Regulatory58 pages

Fintech Regulation and Its Impact on Business Models

How RBI, SEBI, and IRDAI regulatory changes over 2022–2024 reshaped the Indian fintech landscape. Documents which regulations created moats for incumbents, which opened new whitespace, and what compliance now costs early-stage companies.

Fintech
Nov 2024
Sector Map54 pages

HR Tech in India — A Maturity and Opportunity Map

India's HR technology landscape mapped by maturity, adoption depth, and whitespace. Identifies the 12 subsectors with the most credible growth trajectories and the unit economics that distinguish scalable models from feature companies.

HRTech
Oct 2024
Research72 pages

Revenue Architecture Patterns Across 150 Indian Startups

A taxonomy of how Indian startups structure revenue — pricing models, contract types, expansion motions, and retention levers. Identifies seven distinct revenue architecture patterns and correlates them with growth and margin outcomes.

Cross-Sector
Sep 2024
Research42 pages

The State of Bootstrapped Businesses in India 2024

First-of-its-kind analysis of Indian companies that have scaled to ₹5Cr+ ARR without external capital. Covers their unit economics, growth patterns, challenges at scale, and whether they face structural ceilings that bootstrapping cannot solve.

Cross-Sector
Aug 2024
Sector Report48 pages

Climate Tech Funding in India — The Emerging Landscape

A current-state analysis of climate technology investment in India. Maps funded companies, investor thesis patterns, regulatory tailwinds, and the segments attracting serious capital versus those with whitespace but no clear monetisation path.

Climate Tech
Jul 2024
Ecosystem36 pages

Indias Angel Investing Ecosystem — Depth and Distribution

Mapping the angel investing landscape across 12 Indian cities. Analyses cheque size patterns, sector preferences, syndication behaviour, follow-on rates, and the structural differences between angel networks that create value and those that don't.

Fundraising
Jun 2024
Research52 pages

Female Founders in India: Access, Capital, and Outcomes

A data-driven analysis of female-founded startup outcomes in India — funding access gaps, sector distribution, performance benchmarks, and the structural conditions that correlate with better outcomes for women-led ventures.

Cross-Sector
May 2024
Sector Report64 pages

Logistics and Supply Chain Tech: A Sector Analysis

India's logistics technology sector mapped in full. Covers B2B freight, last-mile delivery, warehousing tech, cold chain, and cross-border commerce — with unit economics benchmarks and investor activity analysis for each subsegment.

Logistics
Apr 2024
Research58 pages

Post-Series A Failure Modes: A Retrospective Analysis

Analyses 40 Indian startups that raised Series A between 2018–2021 and subsequently failed or significantly underperformed. Identifies the six most common structural failure modes — with frequency data and preventability assessments.

Cross-Sector
Mar 2024
Consumer Research66 pages

The Indian Consumer: Spending Behaviour Post-Pandemic

Consumer spending pattern shifts across income segments, geographies, and categories — and how they have evolved through 2022–2024. Essential reading for any founder building a consumer-facing business in India.

Consumer
Feb 2024

Case Studies

Real decisions. Real outcomes.

All Cases
RevenueRevenue ×6.25

From ₹80L to ₹5Cr: Restructuring a Fragile Revenue Base

B2B SaaS·2024
FundraisingRound closed

Fixing the Unit Economics Before the Series A

D2C·2024
Revenue+40% revenue

A Pricing Audit That Added 40% to Revenue

B2B SaaS·2024