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Ravi Srinivasan

๐Ÿ‘ค Speaker
103 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1671 Why He's Planning to Raise $500k When He's Profitable, 10% EBITDA Margin

Well, we're ready for financing because we need explosive growth right now.

SaaS Interviews with CEOs, Startups, Founders
1671 Why He's Planning to Raise $500k When He's Profitable, 10% EBITDA Margin

We're ready for explosive growth, so- How much do you want to raise?

SaaS Interviews with CEOs, Startups, Founders
1671 Why He's Planning to Raise $500k When He's Profitable, 10% EBITDA Margin

It is important.

SaaS Interviews with CEOs, Startups, Founders
1671 Why He's Planning to Raise $500k When He's Profitable, 10% EBITDA Margin

We're looking for somewhere between 500 and 750,000.

SaaS Interviews with CEOs, Startups, Founders
1671 Why He's Planning to Raise $500k When He's Profitable, 10% EBITDA Margin

And what will you spend the money on?

SaaS Interviews with CEOs, Startups, Founders
1671 Why He's Planning to Raise $500k When He's Profitable, 10% EBITDA Margin

Mainly for wrapping up some product development components and also for sales and marketing to recruit a reseller channel.

SaaS Interviews with CEOs, Startups, Founders
1671 Why He's Planning to Raise $500k When He's Profitable, 10% EBITDA Margin

It's actually a little less than that because we have some lower end customers we're taking from the early days.

SaaS Interviews with CEOs, Startups, Founders
1671 Why He's Planning to Raise $500k When He's Profitable, 10% EBITDA Margin

So it's a little bit less than that.

SaaS Interviews with CEOs, Startups, Founders
1671 Why He's Planning to Raise $500k When He's Profitable, 10% EBITDA Margin

A year ago, we were at 70,000.

SaaS Interviews with CEOs, Startups, Founders
1671 Why He's Planning to Raise $500k When He's Profitable, 10% EBITDA Margin

So we are growing and we're growing well.

SaaS Interviews with CEOs, Startups, Founders
1671 Why He's Planning to Raise $500k When He's Profitable, 10% EBITDA Margin

Both.

SaaS Interviews with CEOs, Startups, Founders
1671 Why He's Planning to Raise $500k When He's Profitable, 10% EBITDA Margin

I would say about 50% of our growth is new customers and 50% of our growth is from existing customers needing more services.

SaaS Interviews with CEOs, Startups, Founders
1671 Why He's Planning to Raise $500k When He's Profitable, 10% EBITDA Margin

We specifically sign up by just targeting specifically through LinkedIn.

SaaS Interviews with CEOs, Startups, Founders
1671 Why He's Planning to Raise $500k When He's Profitable, 10% EBITDA Margin

And we specifically go out to retailers that have omni-channel.

SaaS Interviews with CEOs, Startups, Founders
1671 Why He's Planning to Raise $500k When He's Profitable, 10% EBITDA Margin

or we sense they're in trouble because either Amazon is giving them problems or they have difficulty in omni-channel and we go after specific customers in industries like the footwear industry is running into difficulty.

SaaS Interviews with CEOs, Startups, Founders
1671 Why He's Planning to Raise $500k When He's Profitable, 10% EBITDA Margin

So we go after that specifically.

SaaS Interviews with CEOs, Startups, Founders
1671 Why He's Planning to Raise $500k When He's Profitable, 10% EBITDA Margin

We go after specialty retail as well.

SaaS Interviews with CEOs, Startups, Founders
1671 Why He's Planning to Raise $500k When He's Profitable, 10% EBITDA Margin

We're searching for retailers omni-channel we're looking for topics and subjects where people are posting questions.

SaaS Interviews with CEOs, Startups, Founders
1671 Why He's Planning to Raise $500k When He's Profitable, 10% EBITDA Margin

Give me an example like a specific example.

SaaS Interviews with CEOs, Startups, Founders
1671 Why He's Planning to Raise $500k When He's Profitable, 10% EBITDA Margin

Okay specific example is I have a problem with customer churn.