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Aditya Tulsian

๐Ÿ‘ค Speaker
116 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

Okay.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

Yeah, it was exactly, uh,

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

So I can tell you in the U.S.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

dollar terms, we had just around about $5,000 U.S.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

dollars.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

Actually, we got that money really that at that point of time, we had not built any software.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

We always believed in this lean startup principle.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

So we actually started trying to help our customers get invoice discounting from our partner financial institutions without actually building any software so that we could learn the entire process.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

And so therefore, while even before we started our entire process, we spent a lot of time on ground just trying to get our customers these working capital loans.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

And that's where we're actually earning our dollars.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

So 2016, we've, you know, some costs nearly are about, I would say now we are,

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

We closed this on $85,000 in total revenue.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

So now we have more than 5,500 small businesses on the platform.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

These are customers.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

These are individual small businesses, and then they will have multi-users.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

So in terms of total number of users, we have, I think, 8,500 to 9,000 users.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

But in terms of unique businesses, we have 5,500 users.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

Yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

See, also what happens is a lot of our customers also, as I said, are premium customers.

SaaS Interviews with CEOs, Startups, Founders
EP 577: Vinod Khosla, Others Invest $600k+ In Ex-Intuit Founder Providing Financing Against Invoices with Numberz CEO Aditya Tulsian

Right.