Kovai.co invests ₹220 Cr in Coimbatore for SaaS growth, Document360 hits $10M ARR

• Kovai.co plans to invest Rs 220 crore in its Coimbatore development centre over the next three years to expand its global SaaS operations.
• Following Zoho's model, Kovai.co aims to establish Coimbatore as a significant software hub, focusing on product engineering and AI features.
• Kovai.co's knowledge management platform, Document360, has surpassed $10 million in annual recurring revenue (ARR).
• The company has successfully grown two products, BizTalk360 and Document360, to over $10 million ARR each, entirely bootstrapped.
• AI integration has been a key driver for Document360's growth, with over fifty AI features built into the product.

Why It Matters: Kovai.co's success highlights non-metro cities as viable global tech hubs.