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Shonak Roy

๐Ÿ‘ค Speaker
348 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

So we launched the product in 2019.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

I think we'd have hit a million revenue in 2020.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

Yep.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

We have both.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

So in some cases, universities pay for it.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

But a lot of the cases, students will directly pay either through the bookstore or they will pay through a credit card.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

That's right.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

So we make it easy for our clients to adopt our technology.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

So if you imagine, most of our clients are higher education institutions and they have long sales cycles.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

So we make it easy for any professor who wants to use our technology

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

They can either go to the institution and say they want to buy a license.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

So we, in that case, would sell an enterprise license directly to the school.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

And we have many clients like that.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

But otherwise, if the professor themselves just want to try it, they can go to the bookstore like a Barnes & Noble's and look for Yellow Day.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

We are a Barnes & Noble's partner, so we are pretty much in all over the country.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

So just the way you will buy a textbook, you'll buy Yellow Day.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

And you can add it into the learning management system and use it in the classroom.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

So in that case, the bookstore would directly charge the students through the system that are already in place.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

Direct-to-consumer is a new business model for us.

SaaS Interviews with CEOs, Startups, Founders
Edtech SaaS Breaks $4m, Looking at $10m Series B Next

We launched it in the beginning of 2020.

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