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Neeraj Ranjan Raut

๐Ÿ‘ค Speaker
113 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1371 Gmail Helpdesk About to Close $4m Round on $20m Pre with $1.4m in ARR

would look like.

SaaS Interviews with CEOs, Startups, Founders
1371 Gmail Helpdesk About to Close $4m Round on $20m Pre with $1.4m in ARR

I don't know whether it's safe to disclose that, but it's in the 15 to 20 million dollar range.

SaaS Interviews with CEOs, Startups, Founders
1371 Gmail Helpdesk About to Close $4m Round on $20m Pre with $1.4m in ARR

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1371 Gmail Helpdesk About to Close $4m Round on $20m Pre with $1.4m in ARR

So the way we negotiated was basically to essentially show the velocity at which we are right now.

SaaS Interviews with CEOs, Startups, Founders
1371 Gmail Helpdesk About to Close $4m Round on $20m Pre with $1.4m in ARR

essentially show the size of the market that we are in, which is very, very big if you take into account how many people actually need it, right?

SaaS Interviews with CEOs, Startups, Founders
1371 Gmail Helpdesk About to Close $4m Round on $20m Pre with $1.4m in ARR

So yeah, it's basically a function of the velocity that we have been able to hit and the size of the market.

SaaS Interviews with CEOs, Startups, Founders
1371 Gmail Helpdesk About to Close $4m Round on $20m Pre with $1.4m in ARR

And of course, the fantastic product that we have managed to build, which is really intuitive and easy to use.

SaaS Interviews with CEOs, Startups, Founders
1371 Gmail Helpdesk About to Close $4m Round on $20m Pre with $1.4m in ARR

So I think everyone we showed the product to, whether they invested or not, everyone was really impressed with our vision that we bring to the product and how simple we made it.

SaaS Interviews with CEOs, Startups, Founders
1371 Gmail Helpdesk About to Close $4m Round on $20m Pre with $1.4m in ARR

So it should be, so we are in the final stages of the diligence and should be there.

SaaS Interviews with CEOs, Startups, Founders
1371 Gmail Helpdesk About to Close $4m Round on $20m Pre with $1.4m in ARR

That's great.

SaaS Interviews with CEOs, Startups, Founders
1371 Gmail Helpdesk About to Close $4m Round on $20m Pre with $1.4m in ARR

I think we are 15 days away from getting the check.

SaaS Interviews with CEOs, Startups, Founders
1371 Gmail Helpdesk About to Close $4m Round on $20m Pre with $1.4m in ARR

So, yeah, so the company was launched around the middle of 2011.

SaaS Interviews with CEOs, Startups, Founders
1371 Gmail Helpdesk About to Close $4m Round on $20m Pre with $1.4m in ARR

Okay.

SaaS Interviews with CEOs, Startups, Founders
1371 Gmail Helpdesk About to Close $4m Round on $20m Pre with $1.4m in ARR

And we were a small four to five people team for the largest part of our existence.

SaaS Interviews with CEOs, Startups, Founders
1371 Gmail Helpdesk About to Close $4m Round on $20m Pre with $1.4m in ARR

Okay.

SaaS Interviews with CEOs, Startups, Founders
1371 Gmail Helpdesk About to Close $4m Round on $20m Pre with $1.4m in ARR

And it was a very different product when we launched.

SaaS Interviews with CEOs, Startups, Founders
1371 Gmail Helpdesk About to Close $4m Round on $20m Pre with $1.4m in ARR

And we actually went through two iterations on the product before we came to this sometime in early 2017.

SaaS Interviews with CEOs, Startups, Founders
1371 Gmail Helpdesk About to Close $4m Round on $20m Pre with $1.4m in ARR

We are 36 people now.

SaaS Interviews with CEOs, Startups, Founders
1371 Gmail Helpdesk About to Close $4m Round on $20m Pre with $1.4m in ARR

So, yeah, as I mentioned, right.

SaaS Interviews with CEOs, Startups, Founders
1371 Gmail Helpdesk About to Close $4m Round on $20m Pre with $1.4m in ARR

I mean, we really accelerated in the last, uh, you know, uh, six months or so.