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Dilip Atara

๐Ÿ‘ค Speaker
105 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Raising $3m Right Now on Back of Slack App Exchange Growth

And we really struggled because we

SaaS Interviews with CEOs, Startups, Founders
Raising $3m Right Now on Back of Slack App Exchange Growth

In India, it's not very common to have API-only SaaS platforms.

SaaS Interviews with CEOs, Startups, Founders
Raising $3m Right Now on Back of Slack App Exchange Growth

Getting it to scale has been a difficult proposition.

SaaS Interviews with CEOs, Startups, Founders
Raising $3m Right Now on Back of Slack App Exchange Growth

Today we have 100 plus customers.

SaaS Interviews with CEOs, Startups, Founders
Raising $3m Right Now on Back of Slack App Exchange Growth

The API has been handling hundreds of millions of interactions over the last almost two years.

SaaS Interviews with CEOs, Startups, Founders
Raising $3m Right Now on Back of Slack App Exchange Growth

So we typically would have about 10 to 12 million interactions that happen in a month.

SaaS Interviews with CEOs, Startups, Founders
Raising $3m Right Now on Back of Slack App Exchange Growth

That's a basic unit of cost that we have.

SaaS Interviews with CEOs, Startups, Founders
Raising $3m Right Now on Back of Slack App Exchange Growth

That's correct.

SaaS Interviews with CEOs, Startups, Founders
Raising $3m Right Now on Back of Slack App Exchange Growth

One year back, we actually were lucky to get one or two marquee labels, brands, but working on a proof of concept.

SaaS Interviews with CEOs, Startups, Founders
Raising $3m Right Now on Back of Slack App Exchange Growth

So that's where we were.

SaaS Interviews with CEOs, Startups, Founders
Raising $3m Right Now on Back of Slack App Exchange Growth

We hardly had any revenues because we had completely stopped the innovation software, which was giving us some decent revenues, but not scaling.

SaaS Interviews with CEOs, Startups, Founders
Raising $3m Right Now on Back of Slack App Exchange Growth

After trying it for a few years, we had to- How much revenue was it doing?

SaaS Interviews with CEOs, Startups, Founders
Raising $3m Right Now on Back of Slack App Exchange Growth

For the innovation software, we were doing about $250,000 to $300,000 a year.

SaaS Interviews with CEOs, Startups, Founders
Raising $3m Right Now on Back of Slack App Exchange Growth

Yeah, we continuously were at that level for about two, three years.

SaaS Interviews with CEOs, Startups, Founders
Raising $3m Right Now on Back of Slack App Exchange Growth

And we realized that we are not scaling.

SaaS Interviews with CEOs, Startups, Founders
Raising $3m Right Now on Back of Slack App Exchange Growth

Our realization was nobody wanted a separate platform for driving innovation.

SaaS Interviews with CEOs, Startups, Founders
Raising $3m Right Now on Back of Slack App Exchange Growth

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Raising $3m Right Now on Back of Slack App Exchange Growth

So till last year, we were completely bootstrapped.

SaaS Interviews with CEOs, Startups, Founders
Raising $3m Right Now on Back of Slack App Exchange Growth

I'm an extreme bootstrapper.

SaaS Interviews with CEOs, Startups, Founders
Raising $3m Right Now on Back of Slack App Exchange Growth

I sold the house that I stayed in with my wife and son, moved to a rented place and bootstrapped.