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100X.VC Team
Written by various collaborators within Team 100X.VC
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Oct 27, 2023
Topic

Introduction:

Functional testing is a type of black-box testing that validates the correctness of a software system's functionality against its requirements. It is performed by executing test cases that provide input to the system and verify the output. The main goal of functional testing is to ensure that the system meets its intended purpose.

Presently, the landscape of functional test automation is riddled with inefficiencies and time-consuming processes. Quality Assurance professionals often find themselves grappling with manual testing or resorting to unwieldy software solutions characterised by obscure and convoluted pricing structures. Manual testing, though still prevalent, presents a fertile ground for errors and can significantly strain resources, particularly in smaller teams.

Hatchfast is a streamlined, user-friendly no-code test automation platform that simplifies the creation and management of test cases. Hatchfast's intuitive design ensures that even business users can effortlessly automate tests without encountering a steep learning curve. With Hatchfast, test automation becomes a seamless process, eliminating the need to write a single line of code.

Additionally, Hatchfast helps Organizations  convert a pool of Manual QAs to Automation QAs. HatchFast helps reduce time in testing Applications and improve overall efficiency. Additionally, Hatchfast is the first in the industry to provide platform agnostic Execution with Universal Test case format, which will result in better adoption. Current solutions being costly, cumbersome and tedious to manage makes the offerings by Hatchfast even more relevant in the present market; making this a very big opportunity to tap for the future.

Rajesh Kalane and Sahin Baiskar, the founders of Hatchfast have the right acumen and experience which makes them a dream team to capitalise on  this opportunity. Rajesh was the Director of Technology at Synechron. He has a strong track record of leading and managing large teams. Sachin's career journey includes notable positions, such as Associate Director at Synechron, where he spent over eight years in a leadership role.Together, Rajesh Kalane and Sachin Baiskar are accomplished professionals with extensive experience of 38 years.

 

 

Market Opportunity:

With the software testing market expected to grow at 16.4% CAGR, making the market valued at $52.7B by 2027. The software testing market is a critical part of the software development lifecycle, as it helps to ensure that software products are free of errors and meet the requirements of users. The growth of the market is being driven by a number of factors, including: the increasing complexity of software products, the growing demand for software in a variety of industries, such as healthcare, financial services, and manufacturing, the increasing focus on quality and reliability in software development and the rising adoption of agile development methodologies. The Automation Testing Market size was valued at USD 24.7 billion in 2022 and it is projected to reach USD 52.7 billion by 2027, growing at a CAGR of 16.4% during the forecast period. The growing adoption of the internet and the expanding internet economy will drive the demand for software testing.

 

100X.VC Thesis:

Functional Testing and UI Testing are highly manual in today’s day and age. Both execution and measurement of outputs are manual and qualitative. Hatchfast is one of the firsts to bring automation to Functional testing in the world. With the right team with a blend of both technical and enterprise sales expertise, we believe Hatchfast is on a path to change how SDETs function.

 

Conclusion:

Hatchfast is a promising no-code test automation platform that can help businesses save time and money. Market opportunity for functional test automation is large and Hatchfast is well-positioned to capitalise on the growing opportunity. The company has the right team and product to solve the problems faced by software QA teams. The team is experienced and has a proven track record of success. The product is innovative and has the potential to revolutionise the software testing industry.

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