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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

You have to do POCs, you have to do a lot of stuff behind the screen.

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

So it takes roughly about four to five months to close.

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

So we need more of engineers and program managers, product managers than sales.

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

So sales team just opens account, transfers it to internal teams to manage and close.

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

20 lakhs would be around $30,000, $25,000.

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

Yeah, 25%, $25,000 to $30,000.

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

So what happens is some of the customers have very, very long vision, right?

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

So they kind of manage a huge load of vehicles and the kind of analytics they use from our platform is also very, very high.

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

right?

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

That is where they end up paying a larger sum of money.

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

That means the per asset cost for them will be much higher than the average of $1.

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

So I have other two co-founders with me who are younger to me, Sudip and Sugam.

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

I guess I've mentioned their names in the bio as well, right?

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

So in the bio.

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

Kind of we hold equal kind of equity.

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

I have a little more than them, but almost the same.

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

I guess I cannot give you that figure right now, Nathan, because we are under some clauses where the entire financial transaction, financial details cannot be given out.

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

No, no, it's not that simple.

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

See, what happens is not all the financial transactions are given out to the public yet.

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

So half of it is already given out, like the amount of money we have raised, the kind of percentage we have given.