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Dhruvil Sanghvi

๐Ÿ‘ค Speaker
78 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1703 Virus Will Drive Major Growth at This SaaS Company as Restaurants Move Delivery "In House", $20m+ Revenue

That's something which has grown significantly well.

SaaS Interviews with CEOs, Startups, Founders
1703 Virus Will Drive Major Growth at This SaaS Company as Restaurants Move Delivery "In House", $20m+ Revenue

We are right now, our current ACV is $75,000.

SaaS Interviews with CEOs, Startups, Founders
1703 Virus Will Drive Major Growth at This SaaS Company as Restaurants Move Delivery "In House", $20m+ Revenue

So a lot of our growth has come from expansion, where our expansions used to be very close to 105% net year-on-year.

SaaS Interviews with CEOs, Startups, Founders
1703 Virus Will Drive Major Growth at This SaaS Company as Restaurants Move Delivery "In House", $20m+ Revenue

Our expansion revenue has grown from 105% to 135% year-on-year.

SaaS Interviews with CEOs, Startups, Founders
1703 Virus Will Drive Major Growth at This SaaS Company as Restaurants Move Delivery "In House", $20m+ Revenue

Break that down.

SaaS Interviews with CEOs, Startups, Founders
1703 Virus Will Drive Major Growth at This SaaS Company as Restaurants Move Delivery "In House", $20m+ Revenue

Our gross churn still comes to about like 5% to 7%, 5%, let's say, annually.

SaaS Interviews with CEOs, Startups, Founders
1703 Virus Will Drive Major Growth at This SaaS Company as Restaurants Move Delivery "In House", $20m+ Revenue

And then expansion comes to about 40%, which is 140.

SaaS Interviews with CEOs, Startups, Founders
1703 Virus Will Drive Major Growth at This SaaS Company as Restaurants Move Delivery "In House", $20m+ Revenue

So net comes to about 135.

SaaS Interviews with CEOs, Startups, Founders
1703 Virus Will Drive Major Growth at This SaaS Company as Restaurants Move Delivery "In House", $20m+ Revenue

Yes, our pricing model still remains the same.

SaaS Interviews with CEOs, Startups, Founders
1703 Virus Will Drive Major Growth at This SaaS Company as Restaurants Move Delivery "In House", $20m+ Revenue

It's depending on number of drivers or trucks which use our platform.

SaaS Interviews with CEOs, Startups, Founders
1703 Virus Will Drive Major Growth at This SaaS Company as Restaurants Move Delivery "In House", $20m+ Revenue

We just raised our Series B in December.

SaaS Interviews with CEOs, Startups, Founders
1703 Virus Will Drive Major Growth at This SaaS Company as Restaurants Move Delivery "In House", $20m+ Revenue

We announced that in January.

SaaS Interviews with CEOs, Startups, Founders
1703 Virus Will Drive Major Growth at This SaaS Company as Restaurants Move Delivery "In House", $20m+ Revenue

The last round of Series B was $39 million.

SaaS Interviews with CEOs, Startups, Founders
1703 Virus Will Drive Major Growth at This SaaS Company as Restaurants Move Delivery "In House", $20m+ Revenue

So our total base so far is 49.5 to be accurate.

SaaS Interviews with CEOs, Startups, Founders
1703 Virus Will Drive Major Growth at This SaaS Company as Restaurants Move Delivery "In House", $20m+ Revenue

And we haven't deployed any capital yet because we have been just kind of figuring out our business plan around how to really make the most of this sad outcome, but an opportunity for us as a business from a delivery perspective.

SaaS Interviews with CEOs, Startups, Founders
1703 Virus Will Drive Major Growth at This SaaS Company as Restaurants Move Delivery "In House", $20m+ Revenue

Well, that's the plan.

SaaS Interviews with CEOs, Startups, Founders
1703 Virus Will Drive Major Growth at This SaaS Company as Restaurants Move Delivery "In House", $20m+ Revenue

That's why we want to make sure that we leverage this trend very carefully.

SaaS Interviews with CEOs, Startups, Founders
1703 Virus Will Drive Major Growth at This SaaS Company as Restaurants Move Delivery "In House", $20m+ Revenue

I think what we have seen over the last five years of execution is that execution is just one part of it.

SaaS Interviews with CEOs, Startups, Founders
1703 Virus Will Drive Major Growth at This SaaS Company as Restaurants Move Delivery "In House", $20m+ Revenue

But if you try to tag along with the market trend, that can pull you much faster than you trying to push your product into market.

SaaS Interviews with CEOs, Startups, Founders
1703 Virus Will Drive Major Growth at This SaaS Company as Restaurants Move Delivery "In House", $20m+ Revenue

So that's one thing great happening to us.