Everything Dhruvil Sanghvi said on any show that made the record, most notable first. Each card names its show and opens the statement there.
The global enterprise truck fleet market is only about 4,000 companies
“No, so we would be the total market size across the world is about 4000 companies, and we already have made a list of all those 4000 guys.”
LogiNext generates $1.2 million in MRR across 50 enterprise customers
“That's correct. Yes.”
Loginex works with a top US retailer and transportation company
“We work with one of the largest retailers in the U S and we also work with one of the largest transportation companies in the U S.”
Target ships online orders from local stores, not central warehouses
“If you go to target.com when they ship, they don't ship it from their warehouse, they ship it from their nearest store.”
LogiNext charges a $50 per-truck monthly minimum for fleets over 100
“Our minimum fees are like 50 dollars per month per asset, as we call it. And then these hundred trucks can be purchased as minimum.”
LogiNext's average enterprise customer has a fleet of 500 trucks
“Our current is 500, obviously. So the majority of it is between a 105 hundred, and because there are very few companies across the world who would be having more than thousand trucks on their fleet.”
90% of US trucking fleets operate with fewer than 10 trucks
“Out of the entire fleet of the US, 90% of the fleets are less than 10 trucks.”
LogiNext has raised $10.5 million in total funding to date
“We have raised 10 and a half million dollars so far.”
LogiNext employs 100 people with a 60-40 technical split
“We are a total of a hundred people. And majority of these are tech guys. So we are very sales slim company. Roughly split would be about a 60 tech, 40 non-tech.”
LogiNext was generating roughly $450K in MRR in late 2017
“We were close to, we were doing roughly an MRR of about I would say half a million back then, or 400 K. So that's what our MR was.”
LogiNext maintains an annual gross revenue churn below 5%
“The churn is annual churn is less than a five percent, and this is more of a gross churn.”
LogiNext's net revenue retention rate is currently 108%
“I would say a 108% right now. Net is eight percent positive.”
LogiNext spends $20,000 to acquire enterprise customers paying $25,000 monthly
“I think if we, you know, put all together, it would come about 20,000 dollars of CAC. Including sales, marketing. Salaries, time, travel, everything.”
Jack Ma is an LP in one of LogiNext's investor funds
“Jack Ma, who also happens to be our investor's investors.”