Disruption Diaries
We break down the stories of businesses that shape our daily lives
- Indexed episodes, last 90 days
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- Aug 15, 2026
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Zoho (opens the original)
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Today, Zoho is a fully bootstrapped, family-controlled software company that scaled to ₹12,313 crore, roughly $1.47 billion with 22% year-on-year growth in FY25 and a 25.9% net margin. That gives it a Rule of 40 score of about 43.7, comfortably ahead of venture-backed peers like Freshworks (~17.6) and HubSpot (~19.2). Quick primer for anyone unfamiliar: the Rule of 40 is the most commonly used health check in SaaS : add your revenue growth rate to your profit margin, and if it's 40 or above, you
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