Everything Apoorva Mankad said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Mankad: WebExpress pays employees approximately $1,200 per month
“You are right. That's what we pay approximately. Of course there are people who get paid much higher and people who get even paid lesser than that.”
Mankad: SaaS selling into India gets lower valuations than US counterparts
“So obviously if you are selling into a rupee market the valuations become lower than you are selling this in a U S market, for example, right?”
Mankad: Average WebExpress customer pays $1,000 per month
“So since we operate in the Indian market, our average customer typically pays us somewhere in the range of around thousand dollars a month. That's a typical page that we get from our customers today. On the higher side, it can go to 5000 dollars a month. On th…”
Mankad: Mumbai-Delhi route ranks among top 10 globally by shipment volume
“Okay, so Mumbai, where I'm from, and Delhi, which is India's capital, are the two probably it's one of the most used route in the world in terms of sheer number of shipments you know, and also in sheer number of people who move between them, the planes which f…”
Mankad: Moving 32-foot freight truck Mumbai to Delhi costs ~$1,500
“So it will typically cost around 1500 dollars. If you're moving a 32 feet size vehicle from Mumbai to Delhi one way that's a typical freight today given current diesel prices.”
Mankad: WebExpress charges enterprise customers roughly 5 rupees per shipment
“So per shipment, they pay us you know, a very, very small amount, typically rupees five which might just turn out to be if I had to convert into dollars probably 0.05 cents.”
Mankad: WebExpress tracks about 5 million shipments monthly
“So if I put together, we will be tracking today latest rent number including our e-commerce customers. We will be probably tracking about five million shipments per month.”
Mankad: WebExpress has reached $1M in ARR
“We are a million dollar ARR company today.”
Mankad: WebExpress aims to double its ARR to $2M this year
“We pay about a million dollars a year is what we earn today in India, and we hope to become hopefully, two eggs of that this year.”
Mankad: WebExpress has generated positive profit after tax for years
“So we are a profitable company and we've been able to make a positive profit after tax for many years.”
Mankad: WebExpress finalized $1.2M round at $4M post-money valuation
“So we have we have finalized this at around it's around four million dollars.”
Mankad: WebExpress funding comes from a strategic partner and customer investor
“Secondly this funds that we are raising is much more from a strategic partner right now who also happens to be one of our customers. And in fact, the investor into our customers is you know, raising the funds into us.”
Mankad: WebExpress customer base grew 50% and revenue 35% last year
“So we increased our customer base by 50% last year, but they will pay me over two years of time. So that's why our growth was 35%.”