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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

All right.

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

Indian Oil Corporation, a large Indian conglomerate, again.

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

So they have their own fleet for logistics purpose.

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

Let's say transportation of oil, transportation of their employees and whatnot.

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

So for those vehicles.

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

Yes, yes.

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

Not ships.

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

Not ships.

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

Cars, trucks, bikes, stuff.

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

So as of today, we are around 49.

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

So we are onboarding our 50th employee, I guess, Monday, coming Monday.

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

So around 35 are engineers in that.

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

Bangalore, yeah.

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

This value is increasing too high, but I know if I have to give an average figure out of that, five lakh would be somewhere around $10,000, $15,000 a year.

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

So about 12... $15,000, $20,000, yeah.

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

Interesting.

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

So we have a small team of four people, right?

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

Four to five sales team, a salespeople team.

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

The reason we have small team, because we rely on large accounts, which take, let's say four or five months to, um, you know, convert these auto OEMs or these large enterprises.

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

They don't close in a matter of days.