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Anoop Naik

๐Ÿ‘ค Speaker
164 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

And by end of the year, we were able to close it at about a little over $100,000 a month.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

So yes, again, a small change.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

Indian financial year is March 2021, 2022 rather.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

So we operate from April to March.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

Yeah, kind of, yes.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

So the exact figures vary, right?

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

That's the reason kind of, let's say it could be somewhere around $45,000, $48,000, right?

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

Today it could be somewhere around $103,000, $104,000.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

So I'm not giving you exact figures.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

I'm giving you the average figures.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

So we very, very recently closed a seed round with Bosch in March.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

Till then we were bootstrapped.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

We have raised some debt funding, debt funding of close to $150,000, right?

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

So recently we closed a kind of a seed round with Robert Bosch.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

So around $500,000 we raised.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

So we sold around 14% of the business.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

Yes.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

4.5 million.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

Okay.

SaaS Interviews with CEOs, Startups, Founders
Car Technology SaaS Hits $1.2m ARR, Sold 14% for $500k

So one of the predominant reasons, the kind of company from whom we raised the funding, right?