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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

And the third piece is we partner with other platforms, for example, who are serving small businesses themselves, and they then actually offer our offerings to their current 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

So we basically use three channels.

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

One, again, as I said, direct through online marketing, second through accountants, and third through other platforms for serving small businesses.

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

The paid acquisitions is, okay, so let me say our cost of acquisition right now for a paid is nearly close to US $150.

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

So our churn rate usually,

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

The initial churn rate was high, honestly.

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

What's high?

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

By high, I mean, we were almost losing close to, you know, 3% of our base every month in the first six months of 2016.

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 now what we get is, you know, almost, you know, our retention rate is 85% for the people who have... Annually or monthly?

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, you know, since we've just been one year, so from that perspective, I would say, you know, we calculate based on a three month cycle.

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 say every quarter, how many people have been retained from our, from the time we've signed up.

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, and that number is 85%?

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

It is 85%.

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, from the people who have joined our platform since August 2016, we have retained 85% of those as of January.

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

So we basically started calculating these things as from April, I'm sorry, from August last year.

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 I said, you know, 85% of them are still onto our 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

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

So from an exact acquisition perspective, it really comes down to somewhere.