Retool, a low-code platform based in San Francisco, is expanding its presence in India with exclusive offerings as it gains traction among IT service providers and startups alike. The company, which was founded in 2017, was recently valued at $1.85 billion.
Low-code development platforms (LCDP) offer a development environment for creating application software using a graphical user interface rather than traditional hand-coded computer programming. Retool is launching a free tier that will allow developers to create more apps and share them with more teammates right away.
Hubbler, Appy Pie, ToolJet, and other Indian platforms with similar low code or no code offerings include Hubbler, Appy Pie, and ToolJet.
“For us, India is incredibly important due to the talent pool and large number of consultancies present here. It was the first international market we invested in and continues to be a high growth market having grown 5x over the past year in this geography. We discovered that Indian startups and companies were going faster than our US clients,” said David Hsu, cofounder and CEO of Retool.
This new free tier, according to the company, will reduce friction and increase accessibility for India-based startups and independent developers. It primarily serves clients in the financial services and information technology sectors. Customers worldwide include Amazon, Pinterest, and Coinbase, as well as CRED, Sharechat, Coinswitch, and Unacademy in India.
“We see a lot of uptake in IT firms using retool for different solutions especially in ecommerce and financial services. Many of our US retail clients outsource software development to Indian vendors, who in turn use our offering. We’ve seen incredible momentum with our Indian customer base and feel it’s the right time to expand our support and footprint in the region,” said Hsu.
According to Gartner research, 41% of employees outside of IT – or business technologists – customise or build data or technology solutions. It predicts that by the end of 2025, half of all new low-code clients will come from business buyers outside of the IT organisation. At the moment, all of the major software-as-a-service (SaaS) providers offer low-code development capabilities.
Get to know the pulses of the Indian startup ecosystem in reality by attending “INDIA FIRST TECH STARTUP CONCLAVE & AWARDS’22-Delhi Chapter” organized by the All India Council for robotics and automation, supported by the Ministry of electronics and information technology.
The event is scheduled to be held on the 17th and 18th of February 2022, marking the biggest tech startup event this year. The event brings together the speakers that are the best breed of entrepreneurs, innovators, venture capitalists, government department’s representatives, business model creators, consultants, policy-makers, academicians, support groups, business coaches and business practitioners.
The Platform helps startups to ramp up their innovative ideas and show off their services and products to attract investors. The experts of the industry will address and discuss all the innovations happening around the startup environment that youth empowerment and new-age tech business ideas can grow.
Click to know more about India’s biggest tech startup event: https://www.aicra.org/events/delhi/index.php