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Nitesh Nandy

πŸ‘€ Speaker
108 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
$10m revenue founder uses debt to get leverage in $22m Series B for help desk software

And I think it was a good call at that point of time.

SaaS Interviews with CEOs, Startups, Founders
$10m revenue founder uses debt to get leverage in $22m Series B for help desk software

I would say first it's like a pool of money and you get charged for only the money you end up using and not the complete pool so that definitely helps

SaaS Interviews with CEOs, Startups, Founders
$10m revenue founder uses debt to get leverage in $22m Series B for help desk software

And any interest rate, which might be, say, under 10%, that I think is fairly reasonable from an interest standpoint.

SaaS Interviews with CEOs, Startups, Founders
$10m revenue founder uses debt to get leverage in $22m Series B for help desk software

We were…

SaaS Interviews with CEOs, Startups, Founders
$10m revenue founder uses debt to get leverage in $22m Series B for help desk software

We have nearly doubled how we were one year back.

SaaS Interviews with CEOs, Startups, Founders
$10m revenue founder uses debt to get leverage in $22m Series B for help desk software

It's a combination of both.

SaaS Interviews with CEOs, Startups, Founders
$10m revenue founder uses debt to get leverage in $22m Series B for help desk software

For us, the expansion is a big lever, and that adds to a significant growth out of the complete growth that we get.

SaaS Interviews with CEOs, Startups, Founders
$10m revenue founder uses debt to get leverage in $22m Series B for help desk software

Somewhat in that ballpark.

SaaS Interviews with CEOs, Startups, Founders
$10m revenue founder uses debt to get leverage in $22m Series B for help desk software

See, one of the reasons why we liked talking to K1 and we thought they would add a lot of value when they come on board

SaaS Interviews with CEOs, Startups, Founders
$10m revenue founder uses debt to get leverage in $22m Series B for help desk software

And especially the markets we were operating in, particularly we are based out of India, the complete team.

SaaS Interviews with CEOs, Startups, Founders
$10m revenue founder uses debt to get leverage in $22m Series B for help desk software

So we thought that was a fair valuation and the type of team we are bringing on board, that that would be very helpful to help the business propel forward.

SaaS Interviews with CEOs, Startups, Founders
$10m revenue founder uses debt to get leverage in $22m Series B for help desk software

We have close to around 120 folks at this point of time.

SaaS Interviews with CEOs, Startups, Founders
$10m revenue founder uses debt to get leverage in $22m Series B for help desk software

Close to 45.

SaaS Interviews with CEOs, Startups, Founders
$10m revenue founder uses debt to get leverage in $22m Series B for help desk software

More or less.

SaaS Interviews with CEOs, Startups, Founders
$10m revenue founder uses debt to get leverage in $22m Series B for help desk software

We have a couple of folks who work from outside India, but most of them are from India.

SaaS Interviews with CEOs, Startups, Founders
$10m revenue founder uses debt to get leverage in $22m Series B for help desk software

Post-COVID, we started hiring from all over India, but still the primary workforce is based out of Bangalore.

SaaS Interviews with CEOs, Startups, Founders
$10m revenue founder uses debt to get leverage in $22m Series B for help desk software

It's a book called Soul of Money.

SaaS Interviews with CEOs, Startups, Founders
$10m revenue founder uses debt to get leverage in $22m Series B for help desk software

So it talks about what is the purpose of money and how should you think about utilizing money for your growth.

SaaS Interviews with CEOs, Startups, Founders
$10m revenue founder uses debt to get leverage in $22m Series B for help desk software

Not really.

SaaS Interviews with CEOs, Startups, Founders
$10m revenue founder uses debt to get leverage in $22m Series B for help desk software

Retool is a good tool that we use very, very commonly in product teams.