Eka Software
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Eka Closed $5M Enterprise Contracts Structured Over 5 to 7 Years
“TCV is very high. TCV sometimes go to even five million. Because contracts are five or seven year contracts payment, one year payment in advance. There's a machine critical software for all this very, very large companies.”
Eka Recovered to $30M Revenue With High Profitability Post-Cloud Pivot
“No, we hit, we actually touched the same peak again, touched thirty million again. Back again in revenue, but very profitable now. So we were able to get back the same thing. So value therefore increased because now we shifted to cloud. We survived first of al…”
Garg: Girish Mathrubootham and I built a 100+ startup angel portfolio
“So we'll write checks, 25 K, 50 K US dollars, and almost every weekend will help in helping one founder or the other. So that saw both our portfolio grew to a hundred. Grisha bought 60 investments. Fashion really scaled like hockey stick, right? Acre still wen…”
Pivoting From On-Premise to Cloud SaaS Compresses Top-Line Revenue 2.5x
“2.5 times is the number. Yeah. So 2.5, not only churn, because let's say if I'm selling goods for you for one million dollars, then typical subscription will be, say, 50 K. So not only the churn happen, your revenue top lane starts coming down and profitabilit…”
Eka Reached $34M Revenue and Raised $40M From Silver Lake in 2013–2014
“And then in 2013, you know, 1314, we touched about thirty four million dollars in revenue. Yeah. And nine million in a bit also. Yeah. We acquired two companies, one in Canada, one in Australia. And that's the point in time. We said, okay, let's get a private …”
Eka Software Reached $3.5M–$4M Revenue at 30% EBITDA by 2010
“So by that time, we were three and a half, four million dollars and or 30% EBITDA.”
Eka Used Just $300K of Seed Funding Before Hitting Sustained Profitability
“So I should never use a million dollars that was given to me. Okay. So how much did you take it out of? Every 300,000 dollars. And then I was profitable all the time from there on.”
Garg Paid for Eka's First $350K Dev Contract With $250K in Equity
“So I actually, my first contract I signed was three 50 K services outsourced to Trigen technologies in Bangalore. Three 50 K contract, a hundred K in cash, two 50 K in equity.”